Suning has announced plans to acquire 37 Wanda department stores which together have 4 million registered customers. After the acquisition, Suning will update the department stores with its digital capabilities and boost their online2offline presence. The move will add department stores to Suning's retail portfolio, which has chiefly focused on home appliances and has recently expanded to FMCG as well as maternity and baby products.

Source: China.org.cn