Bets and Bricks Behind Suning's Transformation

Chain store-turned-online retail giant Suning Appliance Co. announced a plan on August 13 to issue as much as 8 billion yuan worth of corporate bonds to replenish its working capital, not long after a 4.7 billion yuan fund-raising in July through a private share offering  – the company's largest fund-raiser since listing on the Shenzhen stock market in 2004.