Suning Appliance Co Ltd, China's largest electric appliances retailer by sales, said last year's sales revenue hit 18 billion yuan ($2.9 billion), up 211 percent year-on-year, despite the country's slowing economy and lackluster real estate market.
Sales of the company's e-commerce unit reached 1.5 billion yuan in 2012, while sales at Redbaby ?? the online platform for baby and pregnant women's products ?? reached 1.62 billion yuan last year, the company said in a filing with the Shenzhen Stock Exchange on Thursday.
Suning's chairman, Zhang Jindong, said earlier that the company's sales target for 2012 was 20 billion yuan.
The Nanjing-based retail giant is present in various business sectors, such as logistics, real estate, finance and e-commerce.
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