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JD.com, Wal-Mart Invest USD 500 Mln in Online Grocery Delivery Platform Dada-JD Daojia
Sina Tech, 8/09/18
Online grocery delivery platform Dada-JD Daojia (New Dada), operated by Shanghai-based Qusheng Network Technology, recently announced completion of USD 500 mln in new funding from Wal-Mart and Chinese B2C e-commerce platform JD.com (Nasdaq: JD). Read More
Baidu CEO Resigns from China Unicom's Board
China Unicom, 6/23/18
Telecom operator China Unicom (NYSE: CHU; 0762.HK; 600050.SH) recently said that Robin Li, CEO of Chinese internet conglomerate Baidu (Nasdaq: BIDU), has resigned from his positions as China Unicom board director and member of the China Unicom development strategy committee. Read More
Walmart's Western China Stores Drop Alipay in Favor of WeChat Pay
Yzmg.com, 3/24/18
Retail giant Walmart's western China locations have stopped accepting internet conglomerate Alibaba Group's (NYSE: BABA) Alipay payment solution in favor of rival internet conglomerate Tencent's (0700.HK) WeChat Pay. Read More
Online Fleet Management Service G7 Wins USD 70 Mln Funding
NetEase Tech, 12/18/17
Beijing-based Huitong Tianxia IOT Technology, operator of online logistics platform G7, has announced the completion of USD 70 mln in strategic funding from Singaporean provider of modern logistics facilities Global Logistics Properties and Bank of China's wholly-owned direct investment services platform Bank of China Group Investment. Read More
Rumor: JD.com to Acquire Yihaodian
Sohu IT, 6/18/16
Chinese B2C e-commerce platform JD.com (Nasdaq: JD) is close to wrapping up a deal to acquire rival Yihaodian, a Shanghai-based company owned by American retailer Wal-Mart, for over RMB 40 bln, according to veteran industry observer Lin Fenglei. Read More
Yihaodian Consolidates Under Shanghai FTZ Company
Sina Tech, 12/11/13
Chinese B2C online retailer Yihaodian has announced that it has consolidated operation of its open platform B2C e-commerce platform 1Mall into a new company, Niuhai E-Commerce, based in Shanghai's new free trade zone. Read More
Rumor: Alibaba to Invest RMB 1 Bln in Henan Logistics Project
Beijing Business Today, 10/14/13
According to an insider at Chinese e-commerce conglomerate Alibaba Group, the company's smart logistics subsidiary Cainiao will spend at least RMB 1 bln on a logistics project in Zhengzhou, Henan province. Read More
Suning 2012 Sales to Exceed RMB 220 Bln
Netease Tech, 12/26/12
Zhang Jindong, chairman of Chinese consumer electronics and home appliances retailer Suning (002024.SZ), today announced that Suning's annual sales will exceed RMB 220 bln in 2012, twenty-two years after the company's founding. Read More
Tyloo Begins Production of Unaided 3D TV Sets
Zhoushan.cn, 9/14/12
Zheng Deyu, CEO of Zhejiang-based display manufacturer Tyloo Optical, recently announced that Tyloo Group, Hisun Group, and Celvision have jointly invested in a RMB 120 mln glasses-free 3D TV set production line scheduled to go online in mid-September. Read More
Suning Flagship Stores to Carry General Merchandise
Netease Tech, 9/03/12
Chinese consumer electronics and home appliances retailer Suning Appliance (002024.SZ) today announced that its four key flagship stores in Beijing, Shanghai, Guangzhou, and Nanjing will be the first retail locations to be upgraded to "Suning Expo Super Stores." Read More
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