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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.
- Alibaba has made dramatic changes to its corporate restructuring plan as founders Jack Ma and Joe Tsai return to the driver’s seat
- The e-commerce giant is betting on improved shopping experiences, artificial intelligence and a strengthened overseas push to regain momentum
Chinese e-commerce giant JD.com said it will offer US$138 million in cash incentives to drive video content on its platform, as live-stream shopping becomes mainstream in the Chinese market.
Lenovo and JD.com have renewed their partnership with a mission to drive sales of new AI-powered devices, including enterprise servers, in the world’s second-largest economy.
Chinese cloud service giants Huawei, Alibaba and JD.com have turned to live streaming to promote their services, a move that signals an intensified price war aimed at luring small and medium-sized clients.
This initiative escalates ByteDance’s efforts to expand the reach of its social media operation into a potentially large e-commerce revenue stream.
JD.com revenue beats estimates as firm says it will repurchase up to US$3 billion worth of its shares, including American depository shares, over the next 36 months.
Alibaba’s latest artificial intelligence push reflects a new tech arms race in mainland China’s e-commerce sector.
Shenzhen’s municipal government plans to boost the number of its native apps built on HarmonyOS and push for their adoption across major sectors, including education, healthcare, banking, transport and welfare.
Apple-authorised retailers are offering steep discounts on the latest iPhone series in China, where the US tech giant faces stiff competition from domestic brands.
JD.com has inked a deal with the 2024 Spring Festival Gala, aired by state broadcaster China Central Television (CCTV), as domestic tech firms continue to leverage the show’s popularity to attract users.
The call to break more digital barriers in China’s internet industry comes days before Tencent’s flagship video game, Honour of Kings, returns to ByteDance-owned Douyin’s live-streaming platform.
A price war in mainland China, the world’s largest smartphone market, has intensified amid widening discounts offered for iPhones by online marketplaces.
The biggest drags on the MSCI benchmark since the end of September 2023 include Alibaba, Yum China and BYD, which have all been offering big discounts.
Companies from Alibaba to Tencent have been slashing external investments amid an economic slowdown, regulatory headwinds and geopolitical tensions, according to data compiled by a Chinese consultancy.
Huawei has secured JD.com as a partner to promote the use of HarmonyOS, as the home-grown software continues to gain ground as an alternative to Android and iOS in China.
With the help of artificial intelligence, merchants on the Taobao and Tmall platforms are expected to improve their services and attract new customers.
Hurun clarifies that Zhang Zetian’s ranking on university rich list was compiled on the basis of her joint wealth with husband and JD.com founder Richard Liu.
A routine internal audit at Dada found US$140 million worth of questionable revenue and costs in the firm’s books for the first three quarters of 2023.
The Beijing High People’s Court on Friday ruled that Alibaba ‘abused its market dominance’ and ordered the Taobao and Tmall operator to pay US$141 million in damages.
The two e-commerce giants are taking a leaf out of the playbook of budget online retailer Pinduoduo, which has had that policy in place since 2021.
After a lacklustre year for fundraising in Hong Kong, market participants are pinning their hopes on a turnaround in the primary market, expecting companies to revive dormant IPO plans.
Moore Threads, which was put on a US trade blacklist in October, has also introduced a new graphics card.
JD Logistics has been gradually expanding its delivery networks globally, and increasing coverage of Chinese cities.
‘So many issues have emerged, certainly because I mismanaged,’ Richard Liu wrote, as the growth pace of JD.com and competitor Alibaba falls behind budget retailer PDD.
The strategic cooperation between Ant and Huawei underscores the growing momentum of HarmonyOS’ adoption in the world’s biggest e-commerce and smartphone market.
McDonald’s China unit is part of the first batch of multinational food companies on the mainland that have committed to build apps based on Huawei’s self-developed HarmonyOS mobile platform.
JD.com says that suit brought against it by Noah’s asset management unit has misled investors and the public, while Gopher Asset says it will defend its ‘legitimate rights’.
Parcel deliveries reached a new high of 120 billion items this week, up 8.5 per cent from all of 2022, as e-commerce sees strong third-quarter recovery.
Pinduoduo posts job advertisements for algorithm engineers, as it ramps up efforts in generative artificial intelligence.
JD.com CEO Sandy Xu Ran will take over leadership of JD Retail from Xin Lijun, the company announced on Wednesday.
