Following news of a massive capital infusion for its Suning Xiaodian smart convenience concept, the company has stated it is planning to open 2,000 such outlets in the Yangtze River Delta region within three years, stating that it sees the area as key to its developmental focus as it continues to roll out its smart retail strategy. The regional growth plan is expected to cost at somewhere between CNY20-30 billion.

Suning is headquartered in the part of the country, has its R&D centres there and already has 3,200 offline stores locally. The region covers Shanghai, the wealthy provinces of Zhejiang, Anhui and Jiangsu, including Nanjing, where Suning is based.

Source: Cnstock.com