JD.com
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JD.com

JD.com
JD.com
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.
Jingdong Industrials has been operating as a stand-alone business unit of JD Group since 2017. Photo: Reuters
IPO

Faltering debut for Jingdong Industrials as US$383 million Hong Kong IPO dips 2.6%

JD.com’s business-to-business unit tested investor appetite for Chinese supply-chain technology stocks.

Hong Kong economy

Opinion | How Hong Kong became the trusted bridgehead for China firms going out

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Hong Kong property

JD.com’s US$450 million stake in Hong Kong Central tower eases Lai Sun debt woes

Hong Kong stock market

Hong Kong stocks extend losses amid rate-cut caution, muted China policy outlook

Global banks cite lack of urgency in policy signals; Wall Street retreat adds pressure on sentiment.

Shares of Semiconductor Manufacturing International Corporation decline in early Tuesday trading in Hong Kong. Photo: Shutterstock
Banking & finance

China’s JD.com unit Jingdong Industrials aims for US$412 million Hong Kong IPO

Seven cornerstone investors led by London-based M&G Investments pledge a total of US$170 million.

Banking & finance

From chips to noodles: the newcomers testing Hong Kong’s buoyant IPO market

A wave of billion-dollar offerings is building behind four new listings this week, signalling sustained momentum in Hong Kong’s IPO market.

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Alibaba

Meituan swings into loss in ‘milk tea’ subsidy war with instant commerce rivals

Hefty subsidies on milk tea and lunchboxes drive Meituan from profit to loss, underscoring the ferocity of the war to reshape food delivery.

Hefty subsidies on milk tea and lunchboxes are driving Meituan from profit to loss. Photo: Shutterstock
Alibaba

Alibaba launches US$537 Quark AI glasses to challenge devices from Meta, Xiaomi

The glasses are expected to ‘usher in a revolution in human-computer interaction in the AI era’, Alibaba vice-president Wu Jia says.

Hong Kong stock market

Hong Kong stocks post longest win streak in 2 weeks

US consumer confidence dropped and retail sales remained sluggish, increasing bets on a US interest-rate cut at the Fed’s December meeting.

E-commerce

JD.com steps up on-demand local services battle with food app and review platform

The e-commerce giant is betting on food delivery and an anti-fake review platform to sharpen its challenge to leaders Meituan and Alibaba.

FILE PHOTO: JD.COM logo is seen in this illustration taken, February 11, 2025. REUTERS/Dado Ruvic/Illustration/File Photo
Artificial intelligence

China targets AI-powered price manipulation in new antitrust guidelines

Market regulator SAMR outlines risks of collusion, unfair subsidies and walled gardens in online platforms.

The guidelines zero in on the sophisticated, often opaque ways in which online platforms with significant market power can exploit technological advantages to exclude rivals and harm consumer interests. Photo: Shutterstock
E-commerce

AI puts wind in the sales of Singles’ Day as Alibaba and JD.com hit retail records

From algorithmic promotions to AI chatbots, Alibaba and JD.com use new tools to hit Singles’ Day records and defy a sluggish economy.

Sovereign wealth fund

Singapore’s Temasek invests in WeRide, Pony.ai to boost China tech holdings

Temasek’s latest deals reflect the 51-year-old investment giant’s focus on forward-looking technologies.

US-listed Chinese stocks

US funds tread carefully on China as Oaktree and Appaloosa adjust bets

Oaktree exits KE Holdings, billionaire David Tepper’s Appaloosa boosts Baidu stake and Bridgewater stays away from China in third quarter.

Oaktree Capital, founded by notable investor Howard Marks, has sold all of its 1.5 million shares valued at US$26.8 million in KE Holdings, a Chinese online property platform. Photo: Bloomberg
US-China tech war

Rokid’s AI eyewear joins the quest to be the biggest thing since the smartphone

Start-up Rokid is teaming up with eyewear brand Bolon on lightweight AI glasses as competition heats up to deliver the next ‘iPhone moment’.

The Rokid AI glasses (left) and the newly launched Bolon-branded AI glasses without a display. Photo: Wency Chen
Hong Kong stock market

Hong Kong stocks slide on soft China economic data, fading US rate cut bets

China’s October data points to a further slowdown this quarter, while a cloudy US rate cut outlook and frothy valuations dent sentiment.

Hong Kong stock market

Hong Kong stocks post longest winning streak in 2 months

Alibaba rallies on reports that the e-commerce giant plans to revamp its main app with more AI features that could challenge ChatGPT.

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Artificial intelligence

Big Tech firms bet big on AI glasses, as Ant offers iris authentication

Heavyweights including Alibaba, Baidu and Xiaomi are vying to dominate what a market research firm calls a ‘war of 100 smart glasses’.

Chinese electronics makers Xiaomi and Meizu will be the first to offer Ant’s AI-based iris verification feature. Photo: Handout
Alibaba

Alibaba doubles down on ‘super-scale’ computing infrastructure for AI sector

Alibaba’s ‘super AI cloud’ will have the required technology to meet the industry’s massive computing demand, CEO Eddie Wu Yongming says.

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Made in China 2025

Unitree, AgiBot robots steal the show at Shanghai’s import expo

Humanoid robots and cyber dogs are among the showstoppers that help companies gain sales opportunities at the CIIE.

Hong Kong stock market

Hong Kong stocks slump on weak China exports, soft US jobs market

Alibaba, Tencent and Kuaishou lead the declines as Chinese tech giants track the sell-off on Wall Street.

Shares on the Hong Kong stock exchange resumed their decline on Friday. Photo: Nora Tam
E-commerce

Alibaba’s ‘instant commerce’ bet pays off: Taobao hits 100 million new orders

From milk tea to smartphones in under an hour, Taobao Shangou gains traction as retail giant uses subsidies and speed to fend off rivals.

A consumer uses Taobao’s in-app Shangou service, the instant commerce business of Alibaba, to order food: Photo: Simon Song
Hong Kong stock market

Hong Kong stocks fall for a second day as AI bubble fears hit Wall Street

Losses mirror Wall Street after Palantir Technologies tumbled 8 per cent despite beating revenue estimates.

Hong Kong stock market

Hong Kong stocks edge lower as investors weigh AI-driven gains

Investors sway between optimism that massive AI investments will sustain earnings and concerns about whether elevated valuations will hold.

Hong Kong stock market

Hong Kong stocks rise as trade agreement soothes fears on rare earths, chips

Agreement’s annual review framework ‘provides better visibility for the capital markets,’ Bank of America Securities says.

US President Donald Trump talks to China’s President Xi Jinping in Busan, South Korea, on October 30, 2025. Photo: AFP
E-commerce

Alibaba boosts instant commerce drive with US$281 million convenience store plan

A network of Taobao-branded partner convenience stores is expected to roll out in more than 200 cities across the mainland.

The first batch of Taobao-branded partner convenience stores launched on Saturday. Photo: Sina
Bonds

China’s Meituan eyes US$3 billion from bond issue as competition heats up

Meituan’s dual-currency bond offering consists of US$1.99 billion in greenback-denominated notes and US$1 billion in yuan-based securities.

China property

Opinion | Amid a wave of foreclosures, China’s homeowners could use a break

To share losses more evenly among the financial system, Beijing ought to take pre-emptive steps to protect borrowers and keep prices stable.

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