干中学丨稳中胜丨永半仓丨跑得快

Suning has completely come to an end
Another era's conclusion

1990s → Rise
Founded in Nanjing, Suning rose through home appliance chains
Stores opened nationwide, becoming an industry benchmark.

2012 → Turning Point
Started aggressive diversification and expansion, acquiring Carrefour China, Inter Milan, and Tiantian Express, spanning retail, real estate, sports, and finance.

2020 → Fatal Blow
Invested 20 billion in Evergrande, betting on its IPO cash-out. After Evergrande's collapse, the 20 billion was trapped, and Suning's funding chain completely broke.

2025 → Collapse
38 companies of Suning entered bankruptcy reorganization, with total liabilities of 2387.3 billion.

2026.03 → Endgame
The restructuring plan was finalized, Zhang Jindong's equity was wiped out, and all personal and family assets were injected into a trust to repay debts, thirty years of accumulation reduced to zero.

It truly evokes deep feelings—an empire of thirty years built from the ground up, collapsed in less than ten years.

The rise and fall of Suning is not only a tragedy for Zhang Jindong personally but also the most profound 'defeat revelation' of China's实体商业 under the impact of the internet and capital frenzy.

Zhang Jindong once said: “Retail is a marathon without an end.”

But in order to run faster in the middle of the race, he took on an unbearable leverage burden and ultimately exited completely in the spring of 2026. Thirty years of accumulation vanished in an instant, the end of Suning marks the conclusion of China's era of 'blindly leveraging and cross-border leaps,' replaced by an absolute reverence for economic cycles, cash flow, and focusing on the main business.

#welinkBTC $BNB
{future}(BNBUSDT)

We in this line need to keep learning. Liu Lei is the most professional lawyer in this industry, and his live broadcast is especially for OTC merchants.

A wolf that listens to others will not only fail to be the wolf king, but may even be a dog.

Tony's timeless insult, passed down through the ages!😁

Missed CZ's first live stream on Binance Square? Let's highlight the key points

His speeches are always sincere and direct, which is the main reason he has won so many fans. He never blindly tells you to buy or go all in, but instead advises newcomers to respect the market

1. CZ warns against using his social media content as a basis for launching meme coins, stating such projects carry extremely high risks, have low success rates, and do not reflect his endorsement.

2. Beginners should start with small amounts, learn first, then scale up, and avoid high-leverage products like futures and options.

3. The 'meme coin season' will inevitably come, but the exact timing, duration, and which tokens will benefit cannot be predicted.

4. The BNB ecosystem is stable and active, with many builders, making its long-term potential promising.

5. The prediction market is still in its early stages, with insufficient liquidity, currently mainly focused on sports-related areas.

6. Bitcoin will surely rise to $200,000, with only the timing uncertain.

7. Truly valuable meme coins must have historical or cultural significance; over 90% will fail, and investment responsibility lies with the individual.

8. Binance Square is fundamentally different from the X model, and due to KYC requirements, most users on the former have completed identity verification.

9. CZ welcomes the continued development of meme coins, but his personal focus is on building better tools for users, not speculation.

Funny enough, the last line "Ten thousand miles of mountains and wilderness, you are my joy hidden in the breeze." was completely turned into a meme, and those interested can search it online
#CZ #bnb #bnb一輩子 #广场挖矿

# 2025 Binance Bill, smart money doesn't dare to claim. This year, continue to work hard.