Suning Appliance changes its name

Suning Appliance Co Ltd, China's largest electric appliances retailer by sales, said Tuesday that it has changed its name to Suning Commerce Group Co Ltd.

"Along with the change of the business format, the name of the company needs to adapt to its future business scope and business model," Suning said in a filing with the Shenzhen Stock Exchange late Tuesday.

Last month, the retail giant released its sales revenue for last year, which hit 18 billion yuan ($2.9 billion), up 211 percent year-on-year.

Sales of the company's e-commerce unit reached 1.5 billion yuan in 2012, while sales at Redbaby — its online platform for maternal and infant goods — reached 1.62 billion yuan.

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