Quotes by: Zhang Jindong

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Zhang Jindong
张近东
Born 1963 (1963)
Anhui, China
Alma mater Nanjing Normal University
Occupation Founder & President of Suning Commerce Group
Owner of Suning Real Estate
Owner of Suning Holdings Group
Major Shareholder of Suning Appliance Group
Net worth US$4.2 billion (November 2016)[1]

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
Best Buy went and hired a lot of Shanghai staff, but went and westernised them. They only work eight hours a day!
Zhang Jindong
Suning Appliance has no problem of financial risk. Do you think I'm risky? I'm definitely not risky.
Zhang Jindong
China has the best opportunities. A domestic market with 1.3bn people will help create more Fortune 500 retailers.
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
Suning from a management concept and technology point of view isn't simply an appliance company.
Zhang Jindong
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
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
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