Summary: Tencent (0700.HK) and JD.com (JD.NASDAQ) have announced they will invest a combined US$ 863 million in China’s e-commerce platform Vipshop Holdings (VIPS.NYSE), as reported by jrj.com. The share price of Vipshop rose more than 40% on December 18. Why [ … ]
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Alibaba Posts New Single-Day Sales Record at RMB 168 Bln on Nov 11
Summary: Alibaba (BABA.NYSE) has posted a new single-day sales record of RMB 168.2 billion on November 11, the Chinese version of “Black Friday“, as reported by Caijing. Also JD.COM (JD.NASDAQ) posted sales of RMB 127 billion for the day. Why It [ … ]
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China Unicom Plans to Raise RMB 78 Bln and Tencent, Baidu, Alibaba, JD Will Invest
Summary: China Unicom (CHU.NYSE) has recently announced plans to raise RMB 78 billion by issuing new A-shares, as reported by Tencent Finance. Through the fundraising, China Unicom plans to introduce multiple non-state-owned strategic investors. New strategic investors [ … ]
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JD Terminates Cooperation With Suning-backed TTK Express And Removes Alibaba-backed YTO Express From Its Recommended List
Summary: JD.COM (JD.NASDAQ) recently announced that it plans to terminate cooperation with Chinese logistics firm TTK Express, effective on July 31, as reported by Eastmoney. JD also asked all online shops on its e-commerce platform to shift their logistics [ … ]
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JD.COM Invests US$ 397 Mln in UK Luxury Online Shopping Site Farfetch
Summary: China’s second largest e-commerce company JD.COM (JD.NASDAQ) has recently invested US$ 397 million in UK-based luxury shopping site Farfetch, as reported by Tencent Finance. As a result of the deal, JD has become one of Farfetch’s largest [ … ]
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JD.COM Reportedly Seeking a Controlling Stake in Online Travel Agency Tuniu
Summary: Chinese e-commerce company JD.COM (JD.NASDAQ) is reportedly in talks with Chinese online travel service provider Tuniu Corp. (TOUR.NASDAQ) to acquire a controlling stake in Tuniu, as PeDaily reports. Neither JD nor Tuniu have commented on the news. Why [ … ]
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JD.COM Announces Six Internal Corruption Cases
Summary: JD.com (JD.NASDAQ) recently disclosed six internal corruption cases, as reported by Tencent Finance. JD has dismissed the employees involved in the corruption cases. Three employees who were involved in two serious corruption cases have been detained [ … ]
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JD Finance Plans to Raise RMB 14 Bln
Summary: JD Finance, the financial arm of JD.com (JD.NASDAQ), plans to raise RMB 14 billion, as reported by Tencent. CSC Financial would be the underwriter of the financing. Why It Matters: JD.com will spin off its finance [ … ]
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