Suning turns to loss; online business revenue climbs 51%

Suning Commerce Co Ltd reported a first-half net loss of 749 million yuan ($121.4 million), the first interim loss for the appliance retailer in a decade.

A year earlier, the company reported a net first-half profit of 734 million yuan.

Its second-quarter net loss narrowed to 315 million yuan from 434 million yuan in the previous quarter.