张近东个人资产清零，苏宁2387亿债务重组方案表决延期至12月

Core Viewpoint - The article discusses the financial collapse of Suning and its founder Zhang Jindong, highlighting the drastic measures taken for debt restructuring, including the transfer of all personal assets to a trust, effectively leaving Zhang with nothing [2][4]. Group 1: Company Restructuring - Suning's bankruptcy restructuring plan involves the merger of 38 companies under the Suning umbrella, with a vote on the plan postponed to December 14 [2]. - Zhang Jindong and his spouse are required to transfer all personal assets, including approximately 2.8 billion yuan worth of Suning stock, to a trust within three months of its establishment [2][3]. - The restructuring plan aims to create a new entity to manage assets, with creditors becoming beneficiaries of the trust [3]. Group 2: Financial Situation - Suning's total liabilities amount to 238.7 billion yuan, while its assessed asset value is only 63.7 billion yuan, indicating a significant shortfall [4]. - Even if Zhang liquidates all his assets, there remains a debt gap of over 190 billion yuan, which is insurmountable even at his peak wealth [4]. Group 3: Historical Context - Zhang Jindong founded Suning in 1990, rapidly expanding the business to become a leading player in the home appliance market, achieving a sales milestone of 3 billion yuan by 1993 [4]. - In 2010, Zhang ranked fourth on the Forbes list of Chinese billionaires with a net worth of 38 billion yuan [5][6]. - The rise of e-commerce, particularly through competitors like JD.com, significantly impacted Suning's market position, leading to a decline in its traditional retail model [12][16]. Group 4: Investment Strategy and Failures - Zhang's aggressive investment strategy included acquisitions across various sectors, but many of these investments, particularly in football and retail, resulted in substantial losses [7][9]. - The partnership with Alibaba initially seemed promising but ultimately led to significant financial losses for Zhang, as Suning's market value plummeted while Alibaba's soared [9][15]. - The failure to adapt to the digital retail landscape and the reliance on outdated business models contributed to Suning's decline [12][16].