Suning Vigorously Expands Laox Stores In Japan To Create Profit Growth Points

Suning is expanding its stores in Japan to do duty free business.

Yesterday, reporters learned that Suning has officially opened twenty-third Laox stores in Japan, and 6 of the 5 million Chinese people who travel to Japan each year will spend up to Laox.

Laox is a major shareholder and Zhang Jindong, the chairman of Suning, is the boss behind it.

In August 2009, Suning Yun invested 57 million 300 thousand yuan to buy Laox 27.36% at a price of 12 yen per share.

And become the largest shareholder.

Since then, Suning has increased its capital three times, with a price of 1 billion yuan, holding 65% of Laox shares with Suning group.

It is understood that at present

Sales in Japan were the first in the tax-free industry, and the share prices of its listed companies in Japan were 30 times higher than that of Suning 6 years ago. In 2014, the company turned into a surplus.

Luo Yiwen, the head of Laox, revealed that since the acquisition of Suning, the scale of the store has expanded from 6 to 23. In the next 3 years, Laox is ready to invest about 40 billion (2 billion yuan) yen, and the total scale of the store will reach 50.

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