Suning Tesco: Red Kids target 3 billion this year

Li Bin, executive vice president of Suning's Tesco, said yesterday that "Red Kid" has a sales target of 3 billion yuan this year.

Li Bin revealed that in the fourth quarter of last year, that is, the "Red Child" was purchased by Suning in the first quarter, "Red Child" sales reached 520 million yuan, an increase of 30%. This year, Suning Tesco will establish a R&D center with the “Red Kids” R&D team as its team to provide talent and technical support for the Suning e-commerce business.