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.
After a chilling 2016, the capital markets became more rational in 2017. The overall trend remains unclear, but investors seem willing to back projects that show clear rewards. This has led to broad heavy investment, creating more unicorns than previous years.
2017 was a year of great changes in China’s retail industry. New retail methods, new industry definitions, new categories and new technologies emerged.
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.
Missfresh partner Xiao-hui Xu announced at the Third A20 New Agricultural Festival on December 24 that Missfresh would complete a new round of financing next week. The capital obtained will be used for unmanned convenience sales.
Idlefish is teaming with 50 organizations, including CACE (China Association of Circular Economy), Igooma, Youdemai, Aihuishou, Huishoubao, Yxianypin, Yueren, Souche, Zhima Credit and Ant Forest, in a movement toward an “idle-free society.”
Xiaomi may be the most shining Internet company of 2017. Relying on Mi MIX 2 and eco-chain, the brand has won back fans and cultivated a good reputation. Xiaomi’s mobile phone sales are back in the world’s Top 5 and it met a sales target of hundreds of billions yuan two months ahead of schedule….
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”.