JD.com news

Lazada, Shopee and JD are holding sales named 9.9 (9 th September), 11.11 (11 th November) and 12.12 (12 th December) to boost revenues in the final quarter of this year. These online players are attracting shoppers well in advance to their platforms with vouchers and sneak previews of flash deals. Lazada smashes 2018 sales record in hours Lazada has exceeded its 2018 sales record for 9....

Chinese online retailer JD.com is reportedly in talks with bankers for US IPO in May next year. Talks still in early stage The company, a joint venture that is 48% owned by JD.com and 10% by Walmart, is seeking to raise around US$500m in an IPO. The talks are still in early stages, and the timing of the stock marketing offering, and the actual amount could change. The joint venture sec...

Chinese ecommerce company JD.com reports second quarter revenue that topped market expectations and a net profit, following a loss in the same period last year. Investments beginning to pay off The company reported net revenue of CNY150bn (US$21.9bn), a 22.9% year-on-year rise, for the April to June quarter, exceeding the market consensus of CNY147.5bn. Net income attributable to ordinary s...

The Chinese ecommerce retailer has become the largest shareholder of the online firm Tiki Vietnam. Continuously making investment in Tiki  JD.com made an investment of  US$44m in Tiki.vn in 2017  and has been continuously investing into the firm since. JD.com now owns 25.65% of Tiki’s shares, overtaking VNG (a Vietnamese technology company), and has become the largest shareholder of ...

The Chinese ecommerce giant has agreed to buy a 9% stake in Beijing Digital Telecom. Gaining access to 3,000 stores Beijing Digital Telecom, listed in Hong Kong, is the largest offline electronics retailer in China. It sells phones, computers and other consumer electronics. The acquisition would cost JD.com US$27m and would be paid in cash. It would give JD.com access to Beijing Digital ...

JD.com and Alibaba reported record breaking results for the 18-day campaign, with sales value up by +26%YoY. The festival has evolved to be a major midyear ecommerce event 6.18 shopping festival, created by JD.com, now joined by Alibaba, has become a midyear event that can match the scale of the 11.11 global shopping festival. The total sales transaction reached a new high this year of U...

For the 16 th year, the 18-day Mid-Year Shopping Festival which culminates on 6.18 has begun. This year, the online giant JD.com is focusing on social commerce and has launched WeChat group-buying in Hong Kong. Engaging shoppers beyond discounts in mainland China Last year, JD.com sold around CNY159.2bn (US$23bn) worth of products during the shopping festival. There are more than 50m produ...

The Chinese ecommerce giant confirmed this week that it has closed its office in Australia less than 15 months after opening in February last year. A measure to mitigate losses JD.com’s Australian office in Melbourne, where Alibaba also has an office, was a step for the company to work closely with Australian suppliers and sell Australian goods, including food, wine, health supplements, vit...

 JD.com plans to invest CNY6.5bn (US$965.1m) in Thailand over the next three years to strengthen its fresh food business. Offering shoppers more choices In partnership with Yonghui, JD.com plans to import large quantities of durian, mangosteens, coconuts and other fruits from Thailand worth CNY5bn (US$742.4m). JD.com itself will also source an additional CNY1.5bn (US$222.7m) worth of fruits...

The Japan External Trade Organisation is offering small to medium-sized domestic retailers free access to global ecommerce platforms to help them sell products in 18 markets abroad. Supporting smaller retailers grow online The initiative is expected to increase trade for local businesses, maximising the global popularity of Japanese products around the world. Twenty four ecommerce operators...