January 12, 2018 / 11:04 AM / 4 months ago

BRIEF-Suning Commerce Sees 2017 Net Profit Surge, Helped By Sale Of Alibaba's Shares

Jan 12 (Reuters) - Suning Commerce Group Co Ltd:

* SAYS IT SEES 2017 NET PROFIT UP 485.13—499.32 PERCENT Y/Y FROM 704.4 MILLION YUAN ($109.09 million) A YEAR AGO

* SAYS SALE IN ALIBABA'S SHARES HELPED BOOST NET PROFIT DUE TO INVESTMENT GAINS Source text in Chinese: bit.ly/2D3Fwml Further company coverage: ($1 = 6.4568 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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