Is suning universal a subsidiary of Suning Appliance Group?

That's not true. Suning universal does not belong to Suning Appliance Group.

The bosses of Suning Appliance and suning universal are brothers, and the headquarters of both companies are in Nanjing. Among them, suning universal specializes in real estate, and Suning Appliance is the leader of 3C (household appliances, computers, communications) household appliances chain retail enterprises in China, both of which are independent legal representatives. The two brothers started their business together in their early years, and * * * founded the Suning brand, but later they developed independently. The two "Suning" have no asset relationship except the blood relationship of the boss. My younger brother, Zhang, is mainly engaged in the retail of home appliances, while my older brother has moved to real estate, commerce, building materials production, construction and other fields.

It is understood that although Suning Appliance Group owns Suning Appliance, Suning Yinhe Real Estate (mainly involving real estate, golf and hotels) and Suning Yinhe Department Store, suning universal is Zhang Dage's industry and does not belong to Suning Appliance Group.