Suning.com loses arbitration ruling against Wanda Group

Suning.com lost an arbitration ruling against Wanda Group and Wanda Commercial Management, with China's trade arbitration commission rejecting the company's request for immediate share repurchase payments over alleged breaches of their strategic cooperation agreement.

The company continues pursuing legal actions. Suning.com faces total litigation of 677 million yuan as plaintiff and 445 million yuan as defendant.