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Zhang Jindong (born March 1963),[4] is a Chinese entrepreneur. He is one the founder and current largest shareholder of the Suning Commerce Group, headquartered in Nanjing, Jiangsu Province. He also owned 100% stake in Suning Holdings Group, 65% stake in Suning Real Estate[5] as well as 48.1% stake in Suning Appliance Group as the second largest shareholder.

Zhang Jindong
Born 1963 (age 53–54)
Anhui, China
Alma mater Nanjing Normal University
Occupation Entrepreneur, politician
Known for
Net worth
Decrease US$3.8 billion (2016 Forbes list)[1]
Increase US$4.1 billion (2017 Forbes list)[1][2]
Board member of
Children Steven Zhang (Zhang Kangyang)
Member of the 10th National Committee of the CPPCC for All-China Youth Federation
In office
March 2003 – March 2008
Member of the 11th National Committee of the CPPCC for ACFIC
In office
March 2008 – March 2013
Member of the 12th National Committee of the CPPCC for ACFIC
Assumed office
March 2013
Member of the 11th Jiangsu People's Congress for Nanjing[3]
In office
2008–2013
Personal details
Other political
affiliations
Zhang Jindong
Simplified Chinese 张近东
Traditional Chinese 張近東

He was also the managing director and general manager of Suning Holdings Group, chairman of Suning Commerce Group.

Contents

BiographyEdit

Zhang Jindong was born in Anhui Province in 1963. He graduated from the Nanjing Normal University and studied Chinese literature.

Zhang Jindong together with his old brother Zhang Guiping (Chinese: 张桂平) opened a shop on Ninghai Road (Chinese: 宁海路) corner Jiangsu Road in Nanjing, selling air conditioning and related products in 1990,[6] The brand Suning came from choosing one word each from Jiang-su and Ning-hai; the roads themselves were named after the city and province of the same name. Later Zhang Guiping quit from this business but shifted into real estate, now known as Suning Universal. However, Zhang Jindong also started his own real estate company Suning Real Estate some time later.

Zhang Jindong further developed his small shop into a giant business group - the Suning Group, with only 15 years. He also found and co-found Suning Holdings Group and Suning Appliance Group as unlisted portion of the his business empire, leaving Suning Commerce Group as the only listing company. In 2013's Hurun Report's China Rich List, Zhang was ranked No.9 with $6.4 billion.[7] Zhang Jindong was ranked 28th in 2015 Forbes's China Rich List.[1]

He was also elected to the National Committee of the Chinese People's Political Consultative Conference, a senior governmental body.[6] He was a member of the Provincial People's Congress (zh), but not a member of the National People's Congress.

On 6 June 2016 Zhang Jindong, via his own private holding company Suning Holdings Group, signed a contract to purchase the majority stake in Italian football club Inter Milan, by purchasing old shares and recapitalization.[8][9] The deal was approved by the extraordinary general meeting on 28 June 2016, which after the deal, Suning Holdings Group owned 68.55% shares.[10]

Personal lifeEdit

He is the father of Zhang Kangyang (Steven).[11] Steven was one of the member of the board of directors of Inter Milan; Zhang Jindong himself was not a member of the board, however.[12] Steven also owned 10% stake in Suning Real Estate, one of the company of his father's business empire.

See alsoEdit

ReferencesEdit

  1. ^ a b c Russell Flannery. "Zhang Jindong". Forbes. 
  2. ^ Forbes 2017 list
  3. ^ "江苏省第十一届人民代表大会代表名单". 扬子晚报 (in Chinese). Sina. 20 January 2008. Retrieved 18 February 2017. 
  4. ^ "公开发行 2017 年公司债券募集说明书" [prospectus of 2017 company bond] (PDF) (in Chinese). Suning Commerce Group. 19 June 2017. Retrieved 11 July 2017. 
  5. ^ "关于苏宁云商集团股份有限公司部分商标转让及使用许可关联交易的保荐机构意见" [Comments on Suning Commerce Group selling some registered trademarks to related-parties] (PDF). China Merchants Securities (in Chinese). hosted by SZSE. 31 March 2016. Retrieved 8 June 2016. 
  6. ^ a b "Suning appliance king Zhang Jindong set to plug into foreign markets". Telegraph.co.uk. 25 August 2009. 
  7. ^ "胡润百富 - www.hurun.net". 
  8. ^ blog entry on 6 June 2016 weibo (in Chinese)
  9. ^ "Suning Holdings Group acquires majority stake of F.C. Internazionale Milano" (Press release). F.C. Internazionale Milano. 6 June 2017. Retrieved 11 July 2017. 
  10. ^ "Assemblea degli Azionisti di F.C. Internazionale Milano" [F.C. Internazionale Shareholders' Meeting] (Press release). F.C. Internazionale Milano. 28 June 2017. Retrieved 11 July 2017. 
  11. ^ http://www.nerazzurriale.com/2016/06/30/zhang-jindong-dan-suning-tinggalkan-milan-steven-zhang/
  12. ^ "Organization Chart". F.C. Internazionale Milano – Official website. Retrieved 10 September 2016. 

External linksEdit