The service fee payment period has now expired, but Suning Company violated the contract and owed Baidu Company service fees from November 2020, February 2021 to November 2021… The court held that the contract and terms involved in the case concluded between Baidu Company and Suning Company It is the true intention of both parties, and should be performed according to the contract… Yunwang Company, as the sole shareholder of Suning Company, should bear joint and several liabilities without submitting evidence to prove that its properties are independent from Suning Company.
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Event Tracking
- 2022-12-05 Suning was sentenced to pay more than 7.08 million yuan in arrears of Baidu’s service fees
- 2022-11-08 Both Suning.com and China Supply and Marketing Cooperative deny the rumor that “the supply and marketing cooperative has acquired Suning’s equity”
- 2022-08-30 Suning.com’s revenue in the first half of the year was 37.2 billion yuan, with a loss of 2.74 billion yuan narrowed year -on-year
- 2022-07-14 Suning.com : It is estimated that the net loss in the first half of the year will be 2.5-2.7 billion yuan
- 2022-07-05 Suning.com responds to rumors of “bankruptcy and liquidation”: everything is running normally
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