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JD.com Records RMB 169 bln GMV During 18-day Anniversary Promotion

JD.com, 6/19/20

Chinese B2C e-commerce platform operator and retail infrastructure service provider JD.com (Nasdaq: JD; 9618.HK) announced today that transaction volume on the platform during the company's 618 Grand Promotion anniversary sale (held June 1-18) exceeded RMB 269.2 bln, up 33.6% YoY. Read More

JD.com Records GMV of RMB 204 Bln Across 11-day Singles Day Sale

JD.com, 11/12/19

Chinese B2C e-commerce platform JD.com (Nasdaq: JD) recorded total transaction volume of RMB 204.4 bln across the 11-day (November 1-11) Singles Day sales event, up 27.9% YoY, reports the company on its website today. Read More

JD.com Opens "E-Space" in Chongqing, Its Largest Offline Store to Date

JD.com, 11/07/19

Chinese B2C e-commerce platform JD.com (Nasdaq: JD) announced today, as part of its vision for a boundaryless retail experience, that it will open "JD E-Space," a custom-built, 50,000-square-meter shopping destination in Chongqing. Read More

Baidu Posts Q1 2019 Net Loss of RMB 327 Mln

Baidu, 5/16/19

Chinese search engine operator and AI technology developer Baidu (Nasdaq: BIDU) today announced its unaudited financial results for the first quarter ended March 31, 2019. Read More

Suning Logistics Launches Instant Delivery Solution

Huanqiu Tech, 7/28/18

Chinese consumer electronics and home appliance retailer Suning.com's (002024.SZ) logistics service, Suning Logistics, has launched an on-demand delivery solution called "Suning Miaoda" (roughly "Arrive in Seconds"). Read More

Suning Yigou App Launches Short Video Content E-commerce Platform

P5w.net, 7/27/18

Hou Enlong, president at Chinese consumer electronics and home appliance retailer Suning.com (002024.SZ), recently announced that the company is launching a new short video content e-commerce platform called Touhao Maijia. Read More

Suning to Enter Online Real Estate Agency Market

Sina Tech, 7/06/18

Chinese consumer electronics and home appliance retailer Suning.com (002024.SZ) has recently begun developing a housing resale agency business, with service fees set at RMB 9,999 per transaction regardless of the value of the home. Read More

Baidu Launches In-app Applet Function

IT Home, 7/04/18

Chen Dou, a vice president at Chinese internet conglomerate Baidu (Nasdaq: BIDU), recently announced a new Baidu smart in-app applet function at the company's Baidu Create 2018 AI developer conference in Beijing. Read More

NLVC, Foxconn Lead RMB 140 Mln Investment in Smart Lock Maker Youdian

iFeng Tech, 5/29/18

Shenzhen-based Youdian Technology, which makes smart locks for home appliance and Internet of Things products, has announced the completion of RMB 140 mln in Series A funding, led by Northern Light Venture Capital (NLVC), with participation by Foxconn and other investors. Read More

Alibaba Invests RMB 4.5 Bln in Rural B2B E-commerce Platform Huitongda

Jiangsu Financial Herald, 4/17/18

Chinese internet conglomerate Alibaba Group (NYSE: BABA) and Five Star Investment Holdings Group recently announced a strategic partnership, according to which Alibaba will invest RMB 4.5 bln in Jiangsu-based rural-user-facing appliances B2B e-commerce marketplace operator Huitongda Network Holdings, a subsidiary of Five Star Investment Holdings Group. Read More