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BRIEF-Suning Commerce's 2016 profit down, to pay Alibaba Group for platform service fees in 2017
March 30, 2017 / 1:31 PM / 9 months ago

BRIEF-Suning Commerce's 2016 profit down, to pay Alibaba Group for platform service fees in 2017

March 30 (Reuters) - Suning Commerce Group Co Ltd

* Says 2016 net profit down 19.3 percent y/y

* Says it and unit expect to pay up to 300 million yuan ($43.55 million) to Alibaba Group Holding Ltd for platform service fees in 2017

Source text in Chinese: bit.ly/2oC9uSO; bit.ly/2okX6av

Further company coverage: ($1 = 6.8880 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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