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Suning.com's H1 2012 Sales Revenue Up 130% YoY

Sina Tech, 7/31/12

According to Chinese consumer electronics and home appliances retailer Suning's (002024.SZ) H1 2012 fiscal report, its e-commerce site, Suning.com, saw revenues (including virtual item sales) rise 130% YoY to reach RMB 5.9 bln. Suning.com executive VP Li Bin said that Suning.com will maintain its RMB 20 bln 2012 sales target, plans to invest RMB 1 bln in a promotional campaign in August, and expects to maintain a quarterly growth rate of at least 70% in Q3 and Q4.

Keywords: marketing consumer electronics e-commerce growth rate Internet revenue fiscal report Suning home appliances sales target 002024.SZ Li Bin H1 2012 Suning Yigou

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