Zhang Jindong, Suning Electric Part 2

On the Jews as Temple Mount, in this, Zhang Jindong step by step to make the Suning. In 2003 the half-year period, Suning Electric ahead with a sense of the two places in the Guangzhou-Shenzhen-made "third world, there are one of" the market of home appliances, 2003, invasion of south China's Suning Electric once again proved to the people Zhang Jindong of household electric appliances to the market's judgement and ability to grasp. "Pursuit of three years after the chance of survival" in the marketing idea, Zhang Jindong plan of Suning in more areas of expansion and
development.

Listing achievements of legendary capital

"The new Fortune 500 rich list" of the view that the retail industry last year China is rich wealth of the fastest population growth rate of retail Regal 308 percent growth in per capita wealth, Zhang Jindong is a model: Since 2004 Suning Electric Listed, Zhang Jindong personal wealth increased by 517 percent.

In fact, Zhang Jindong Suning listed for full preparations for the five years. July 21, 2004, Suning Electric official in the Shenzhen Stock Exchange listed on the SME board. The same day to 29.88 yuan opened trading at high prices, stock prices climbed all the way, to close at close at 32.70 yuan per share, or 100.24 percent, the Shanghai and Shenzhen exchanges in one stroke to become the first high-priced shares. Zhang Jindong assets are therefore more than 1.2 billion yuan a night.

After, Suning stable Chinese stock market has been the first high-priced stocks, shares hit record highs, topped 70 yuan mark, now high of 51.75 yuan remains stable. Suning Electric total market capitalization has reached 18.6 billion yuan, Zhang Jindong assets also rising, from the beginning of 1.2 billion yuan listed rose to 2.2 billion today. Zhang Jindong with other assets, net worth over 2.5 billion yuan.

The largest U.S. electronics chain Best Buy, in the 1989-1999 period of 10 years, its stock price up by 100 times. Global retail giant Wal-Mart in the 1980s to the 1990s, the stock price up 500 times. U.S. appliance chain enterprises have less than 1,000 to Best Buy, led by former chain of control of the three major electrical appliances as much as 80 percent of the market share. The flow of domestic appliances are more than 32,000 enterprises, home appliances chain enterprises of the market share of only 6 per cent, capital markets and retail markets is clearly Zhang Jindong to leave a double imagination.

Into the sound stage of development

2004 magazine rich list upon the electronics industry left a joke: home appliances chain third son, Chen Xiao, chairman of the Shanghai Yongle ranked No. 66, scale, performance far exceeds the Yongle Zhang Jindong, chairman of Suning Electric has Bangshangwuming. However, on April 28, 2005 announced the "new rich Fortune 500 list" to correct this error: Zhang Jindong not only leading HS 12, 500 have become rich in the "fastest growing" the first two.