Chinese home appliance and consumer electronics retailer Suning is to invest several billion renminbi on constructing nine logistics bases around China, said the company’s president Sun Weimin. Xinhua reported that the bases would be built in Shenyang, Tianjin, Beijing, Wuxi, Chengdu, Chongqing, Xuzhou, Suzhou and Shanghai, and cover a combined area of 400,000 sq metres. Suning also hopes to cooperate with third parties to establish a further 16 logistics bases, with the ultimate aim of operating some 60 logistics bases nationwide.

The company is planning to enter 70 new cities this year, opening a minimum of 200 stores.