China’s 2019 11.11 Global Shopping Festival has once again set new records in terms of GMV.
On October 25, the stock price of Pinduoduo, a new Chinese e-commerce star, soared by 12.62% to $39.38, reaching an all-time high.
51 Credit Card, China’s largest credit card service startup in terms of monthly active users (MAU), saw its share price plummet by 34.32% to $1.77 HKD today.
CEO of HTC Yves Maitres said that the company plans to gradually transition its innovative focus away from hardware and towards virtual reality (VR) technology.
While Apple’s new iPhone 11, iPhone 11 Pro and iPhone 11 Pro Max will not be available in stores until September 20, online pre-sales for the new handset have exceeded expectations by a landslide.
JD.com, China’s e-commerce giant and retail infrastructure service provider, saw positive results from its second quarter of 2019, according to the newest earnings report released on Aug. 13.
Pinduoduo has been a lone bright spot in what has been a very difficult time for Chinese ADRs listed in the US.
Chinese telecom equipment manufacturer ZTE started selling 5G smartphones on Aug. 5.
American e-cigarette brand JUUL will officially enter the Chinese market and is reported to be negotiating terms for distribution channel cooperation with Tmall and JD.com.
Smartphones online sales took a nosedive in the first quarter of 2019, according to Counterpoint Research.
Despite all the trouble that JD CEO Liu Qiangdong got himself into last year, his company, although expected to come to naught (JD’s stock price fell by 40%), has prospered. Obviously, that does not refer to every aspect of every project, but overall figures present an impressive achievement. With a yearly operating income of 462 billion yuan, JD made it to the very apex of the Internet and technology section of the Chinese Fortune 500 list.
China’s e-commerce giant JD.com’s second-hand commodity trading platform “Paipai” will undergo a strategic merger with China’s largest electronic product recycling platform “Aihuishou”.
China’s second largest e-commerce company JD.com quietly closed down its office in Melbourne after a little over a year of operation, putting the company’s CEO Liu Qiangdong’s ambitious expansion plans into the southern hemisphere on hold.
Following the release of a Reuters article on Sequoia Capital China’s 20 percent cut of investment staff, Sequoia China has dismissed the report firmly, claiming that the published article is “nonsense” and a malicious attempt for defamation.
Jingyao Liu, an undergraduate student at University of Minnesota, filed a civil lawsuit against Richard Liu and his company JD.com Inc. The lawsuit accused Richard Liu and JD.com of a total of six counts of false imprisonment, civil assault and battery, as well as sexual assault or battery.