Electronics and home appliances retailer Suning and the home appliances maker Midea have reportedly signed a three-year strategic cooperating agreement, and the two parties will implement binding development over the next three years.

Chinese home appliances and electronics retailer Suning has announced plans to buy 179 million additional shares from Laox, Suning's subsidiary in Japan, at the price of JPY35 per share.

Chinese home appliances and electronics retailer Suning has published a new ten-year strategic plan, stating that it plans to open 200 new stores annually in the next ten years and will start exploring the Southeast Asian, European, and American markets from 2014.

Chinese home appliances and electronics retailer Suning has announced its performance report for the first quarter of 2011, stating that from January to March 2011, the company's operating revenue increased by 23.2% year-on-year to CNY20.58 billion; and its net profit increased by 27% year-on-year to CNY1.12 billion.

Laox, the electronics subsidiary of the Chinese home appliances retailer Suning, has published its report for the 2010 fiscal year, which was actually a report of nine months due to an adjustment of its reporting schedule, stating that the company lost about CNY3.86 million during the reporting period.

Chinese electronics and home appliances retailer Suning has opened its first MusicVox musical instrument shop in Pudong, Shanghai, marking the beginning of the retailer's development of ten such shops on the Chinese mainland.

Following its acquisition of the Japanese electronics retailer Laox, the Chinese electronics retailer Suning has announced plans to introduce its China outlets to more Japanese-made products.

Chinese electronics retailer Suning has announced that the company will buy 66.67 million directed additional shares from the Japanese electronics retailer Laox at the price of JPY12 per share.

According to reports in Japanese local media, the country's electronics retailer Laox is talking with the Chinese home appliances retailer Suning and plans to sell parts of its stake to the Chinese company.