News of Liu Qiangdong's arrest broke out over the Labor Day weekend in the U.S. city of Minneapolis. Liu, chairman and CEO of the Chinese e-commerce retailer JD.com Inc., was briefly arrested for alleged criminal sexual misconduct and has since been released from custody.
JD.com Inc, China's second largest e-commerce platform, reported a 31.2 percent rise in its second-quarter revenue on Thursday, falling short of analysts' estimates after a worse-than-expected sale season.
https://youtu.be/jcwCW4Fuejg China's leading e-commerce platform JD.com opened its first overseas unmanned store, JD.ID X-Mart, an AI-powered experience store in the Indonesian capital of Jakarta.
JD Finance announced on July 12 the details of their upcoming Series B fundraising round. The financial spin-off of the e-commerce platform JD.com Inc. will raise 13 billion yuan ($1.95 billion) at a post-money valuation of 133 billion yuan by the end of this quarter.
On June 18, JD.com concluded its annual shopping festival with a transaction volume of around US$24.5 billion. On the same day, the e-commerce platform also announced an investment from Google of $550 million. What does this new alliance mean? Listen to latest episode from TechBuzz China to find out!
On June 18, JD.com announced a strategic investment of $550 million from Google and an establishment of a broad strategic partnership between both parties.
As the clock strikes past midnight, JD.com saw a record-breaking transaction volume of 127.5 billion yuan ($20 billion) for the 618 Mid-Year Shopping Festival that took place officially on June 18. The entire record was for the period between June 1 at 00:00 a.m. and June 18 at 00:10 a.m.
Welcome to our weekly newsletter. This week, Chinese giants Xiaomi and JD.com are making further moves for global expansion, while some tech firms in China are showing interest for social undertakings.
On April 16, Liu Qiangdong, Chairman and CEO of Jingdong Group, or better known as JD.com, came to Madrid, Spain, to attend the World Retail Conference (WRC). He is also publicizing JD's Spanish website Joybuy.es that was just released for public testing on April 12.
On February 23, JD presented its unmanned intelligent distribution station to be used in the National Civil Aerospace Industry Base in Xi’an, Shaanxi Province.
JD Group announced that it has raised $2.5 billion by selling stake in JD Logistics. After the transaction completes, JD Group will hold 81.4 percent of JD Logistics equity.
Richard Liu, founder and CEO of JD.com, said the company plans to challenge Amazon in Europe in 2019 and to spread across the continent within a few years. Liu said the JD.com would launch its ecommerce platform and distribution services in France, then expand to the UK and Germany.
Shares of JD.com hit a record high on Janary 27 after rising steadily since December 2017. The price started at $48.23, broke through the $50 mark and closed at a record high of $50.5 a share.
French President Macron is on a state visit to China. Under his witness, JD.com group signed memorandums of understanding with Business France and the French industrial engineering group Fives.
Tencent, JD.com and Vipshop announced that Tencent and JD.com would invest US $863 million in Vipshop. After investment, JD.com is making a leap toward its goal of "selling clothes on JD.com”.