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: http://bit.ly/2oC9uSO;

http://bit.ly/2okX6av

Further company coverage:

($1 = 6.8880 Chinese yuan renminbi)

(Reporting by Hong Kong newsroom)