Bejing-based e-commerce giant JD.com surpassed the high end of their guidance range posting quarterly revenue of 170.7 billion yuan.
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.
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.
Two edited surveillance videos of JD.com's Richard Liu and his accuser Jingyao Liu were posted on Chinese social media Weibo on Apr. 22. It soon went viral and caused heated discussion in China. What the videos show seems to be unfavorable to Jingyao Liu, the Minnesota student who accused Richard Liu of battery and rape in a civil lawsuit.
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.
“Those who fool around all day long are not my brothers! I am responsible for the 180,000 families behind the 180,000 brothers. So I cannot cover for those one percent who fool around, I have no choice!"
JD.com, China’s leading technology driven e-commerce company and retail infrastructure service provider, announced its financial results for the forth quarter and full year of 2018.
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.
At the Press Conference of the First Session of the 13th CPPCC National Committee, Richard Liu, CPPCC member and JD.com founder, provided some suggestions for young people establishing their own companies.
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”.
"The Internet is a natural monopoly industry, and if it is still dominated by Baidu, Alibaba and Tencent in a decade, it will be most unfortunate for China," Richard Liu said at the release of Qihoo 360 CEO Zhou Hongyi’s new book in Beijing on November 19.