# Suning

The 20 Billion Yuan Handshake: How a Gamble on Evergrande Sunken Suning’s Retail Empire

This article examines the strategic failure of Suning's 20 billion RMB investment in Evergrande, which ultimately led to the retail giant's insolvency and a state-backed takeover. It highlights the risks of high-leverage partnerships and the personal ties that dictated corporate decisions in China's previous economic era.

SoBiz2026年4月19日 02:58

#Suning#Evergrande#Zhang Jindong

Colorful Zhangzhou sign surrounded by vibrant floral decorations, symbolizing Chinese culture and nature.

Business

China’s Retail Titan Steps Down: Zhang Jindong’s Suning Restructures Under RMB 238.7bn Debt Burden

Zhang Jindong’s Suning has entered a court‑approved restructuring that addresses RMB 2,387.3 billion of claims against 38 related companies by converting shareholder equity and the founder’s personal assets into a reorganisation trust. The plan, supported by an RMB 80 billion common‑benefit loan from state‑linked asset managers, aims to preserve operations and prioritise partial cash repayment for smaller creditors while converting large claims into trust interests over a 36‑month execution period.

SoBiz2026年3月15日 06:29

#Suning#Zhang Jindong#corporate restructuring