Zhang Jindong Quotes

China, Entrepreneur
January 1, 1963

Zhang Jindong (born March 1963), is a Chinese entrepreneur. He is one the founder and current largest shareholder of the Suning.com, headquartered in Nanjing, Jiangsu Province. He also owned 100% stake in Suning Holdings Group, 65% stake in Suning Real Estate as well as 48.1% stake in Suning Appliance Group as the second largest shareholder.

Also known as Businessperson

When I started selling air conditioners early on, customers were willing to pay an extra 200 yuan to buy from Suning. Why? Service was good.

Zhang Jindong
- Good
- Why
- Air
Suning Appliance has no problem of financial risk. Do you think I'm risky? I'm definitely not risky.

Zhang Jindong
- Problem
- Risk
- Financial

In business, every phase of things counts. Companies that just yell out a low price today to win business aren't going to make money in the long term.

Zhang Jindong
- Long
- Money
- Business
China has the best opportunities. A domestic market with 1.3bn people will help create more Fortune 500 retailers.

Zhang Jindong
- People
- Help
- Best
Best Buy is just too Western! They do not stock enough Chinese brands, and Chinese people do not want to buy foreign brands.

Zhang Jindong
- People
- Want
- Best
Suning from a management concept and technology point of view isn't simply an appliance company.

Zhang Jindong
We don't believe the market can be dominated by one company in e-commerce in China - namely Alibaba. The Chinese market is very wide and deep, with a huge population.

Zhang Jindong
- Believe
- Deep
- Company
Best Buy went and hired a lot of Shanghai staff, but went and westernised them. They only work eight hours a day!

Zhang Jindong
- Work
- Day
- Best