About Suning Finance
Suning Finance is a company based in Nanjing (China) founded in 2015 by Zhang Jindong.. Suning Finance has raised $2.42 billion across 4 funding rounds from investors including Alibaba.com, Bank of Nanjing and BNP Paribas Personal Finance.
- Headquarter Nanjing, China
- Founders Zhang Jindong
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$2.42 B (USD)
in 4 rounds
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Latest Funding Round
$1.4 B (USD), Series C
Sep 28, 2019
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Investors
Alibaba.com
& 2 more
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Employee Count
Employee Count
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Funding Insights of Suning Finance
Suning Finance has successfully raised a total of $2.42B across 4 strategic funding rounds. The most recent funding activity was a Series C round of $1.4 billion completed in September 2019. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series C — $1.4B
- First Round First Round
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2019 | Amount | Series C - Suning Finance | Valuation |
investors |
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| Jan, 2017 | Amount | Series C - Suning Finance | Valuation |
investors |
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| Oct, 2016 | Amount | Series B - Suning Finance | Valuation | Bank of Nanjing , BNP Paribas Personal Finance |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Suning Finance
Suning Finance has secured backing from 3 investors, including institutional investors. Prominent investors backing the company include Alibaba.com, Bank of Nanjing and BNP Paribas Personal Finance. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Provider of commercial bank
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Founded Year | Domain | Location | |
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BNP Paribas Personal Finance is engaged in consumer financing across Europe.
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Founded Year | Domain | Location | |
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Multi-category products are facilitated through an online B2B cross-border marketplace.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Suning Finance
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Suning Finance
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Suning Finance Comparisons
Competitors of Suning Finance
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Suning Finance
When was Suning Finance founded?
Suning Finance was founded in 2015.
Where is Suning Finance located?
Suning Finance is headquartered in Nanjing, China. It is registered at Nanjing, Jiangsu, China.
Is Suning Finance a funded company?
Suning Finance is a funded company, having raised a total of $2.42B across 4 funding rounds to date. The company's 1st funding round was a Series B of $44.6M, raised on Jun 01, 2015.
What does Suning Finance do?
Suning Finance was established in 2015 in Nanjing, China, within the financial services sector. An online platform is operated to deliver consumer loans, including personal loans and purchase financing, as well as business loans such as credit lines and invoice financing. Investment and financial management options, insurance products, and a digital wallet for payments, transfers, and gift cards are also provided.
Who are Suning Finance's investors?
Suning Finance has 3 investors. Key investors include Alibaba.com, Bank of Nanjing, and BNP Paribas Personal Finance.