Founded by Richard Liu Qiangdong in 1998, JD.com’s business-to-consumer (B2C) e-commerce platform has become China’s second largest online B2C retailers, specialising in electronics, smartphones, and gadgets. JD.com is a key rival of Alibaba’s e-commerce platforms Tmall and Taobao.
As many of the country’s tech founders hand over the reins, it’s worth remembering that once start-ups grow to a certain size they need professional managers to take over.
Chinese consumers are increasingly willing to pay for high-quality products, as smartphone prices continue to rise, analysts say.
The air cargo link between mainland China and Vietnam comes as JD.com continues to expand its overseas logistics operations.
Delivery has emerged as the new battleground for China’s e-commerce giants, as they jostle to win local consumers with faster and cheaper shipping services.
Alibaba’s Taobao Tmall Commerce Group is establishing a logistics department to better manage deliveries, under the direction of company veteran Chen Ming, according to local media reports.
New rules drafted by Beijing’s municipal health commission would strictly prohibit the use of AI for automatically generating medical prescriptions and limit the technology’s application in other online healthcare services.
JD is now spending on incentives to ward off intensifying competition from upstarts such as PDD and ByteDance.
The Chinese e-commerce giant has also rejected rumours that the couple bought more than US$100 million worth of luxury property in the US.
The reinvigorated state of the tech sector is reflected in the recruitment efforts of several large firms, including Alibaba, ByteDance and Meituan.
Jiang, who lost his place in Alibaba’s influential partnership in April 2020 after an alleged extramarital affair, is expected to help steer the company’s e-commerce business through intensifying competition.
Global smartphone sales decreased 8 per cent year on year in the three months ended June 30, marking the eighth consecutive quarter of decline for the industry.
The Shanghai-based company’s large language model, Wendao, is expected to become an essential tool for its customers to obtain accurate travel data and deal recommendations.
JD.com’s ChatRhino LLM is expected to offer targeted solutions across a range of industries, from retail and logistics to finance and healthcare.
The Chinese capital accounts for 40 of around 80 large language models that have been launched in the country.
The high demand for smuggled graphics processing units underscores how China lacks strong alternative suppliers that can deliver products to rival those from Nvidia.
Huawei, Alibaba and JD.com lead in smart manufacturing, business-to-business transaction platforms, and customised operations management, respectively.
Meituan co-founder Wang Huiwen’s resignation marks one of the latest in a series of senior executive reshuffles at China’s Big Tech companies.
Yu Yui, a permanent resident of Hong Kong, started at e-commerce giant JD.com as a management trainee in 2008 and climbed the corporate ladder to helm the company’s logistics arm.
Financial technology giant Ant Group said it is developing technology related to large language models (LLMs), while e-commerce conglomerate JD.com said it will launch its own model next month.
E-commerce firms avoided discussing gross merchandise value numbers, once a key indicator of success, after China’s second-largest shopping festival concluded.
The move could help boost JD.com’s offerings of cheaper products, but the company also needs to protect its brand image, analysts say.
That growth underscores the industry’s resilience in the face of US trade sanctions, which included the blacklisting of consumer drone giant DJI last year.
This year’s festival takes place amid corporate reshuffles and fierce competition in the e-commerce sector, and as China’s economy recovers from the end of pandemic controls.
After raising US$39 million from its Nasdaq IPO in March, Xiao-I is ready to make its way to the world stage, founder and CEO Yuan Hui says.
He Xiangjan said his eponymous fund ‘will help more scientists focus on their work and attract more youngsters to take part in technological advancement and innovation in the country’.
The reshuffle of JD’s senior leadership comes after Richard Liu reasserted control at his e-commerce empire late last year and reprimanded senior executives.
The legal actions represent the Chinese tech company’s first salvo against Samsung, which had instigated a trade dispute in the US last year.
After dropping 37 per cent this year, JD.com’s stock trails that of peers as it faces mounting challenges to its e-commerce business and plans to compete in artificial intelligence.
Alibaba and JD.com have introduced changes to their e-commerce businesses in a bid to boost online sales amid China’s sluggish economic recovery.
Taobao’s new budget channel, named 99 Temai, initially covers hundreds of thousand of items that include household goods, snacks and plants.