36.17 +0.29 (0.81%)
After hours: 7:59PM EDT
|Bid||36.12 x 2000|
|Ask||36.17 x 2200|
|Day's range||34.88 - 36.23|
|52-week range||34.51 - 50.68|
|PE ratio (TTM)||N/A|
|Earnings date||7 May 2018 - 11 May 2018|
|Forward dividend & yield||N/A (N/A)|
|1y target est||51.16|
This time last year -- heading into March quarter earnings season -- Baidu Inc. was the dunce of the China internet party and its three closest competitors were clear winners. Shares of Alibaba Group Holding Ltd. and Tencent Holdings Ltd. were both up more than 25 percent for the year to date and JD.com Inc. was the belle of the ball with a gain of almost 34 percent.Baidu was the token guest with an advance of just 7 percent. Baidu’s turnaround story continues, but investors are yet to be convinced.
It was looking like a banner year for business in China. The U.S. clothing company was expecting a 20 percent jump in online sales on Alibaba's Tmall, thanks to the e-commerce giant's massive reach.
April 19 (Reuters) - Jiangsu Hongdou Industrial Co Ltd : * SAYS IT SIGNS STRATEGIC AGREEMENT WITH JD.COM Source text in Chinese: https://bit.ly/2J5mASY Further company coverage: (Reporting by Hong Kong ...
Starting in April 2018, JD.com (JD) customers in China can browse and buy property online through the company’s e-commerce platform. Through a partnership with international property portal Juwai.com, JD allows its customers to browse real-estate listings for properties in the US, Britain, Australia, and Canada. For their offshore property shopping, JD customers can get assistance from Juwai experts in closing a deal.
Alibaba is investing $320 million in Thailand as the e-commerce giant aims to tap Chinese consumers' appetite for the Southeast nation's agricultural goods and for its tourism market amid growing competition from rivals. China's biggest e-commerce company is investing more than 10 billion baht ($320.20 million) in a "digital hub" in the Thai military government's much-touted Eastern Economic Corridor (EEC), government officials said. Deputy Prime Minister Somkid Jatusripitak told reporters on Thursday that Alibaba's digital hub will be a platform that connects Thai agricultural products to the Chinese and global markets.
Technology giants Tencent, JD.com and TCL are among investors in Chinese TV maker New Leshi Zhixin, its controlling shareholder Leshi Internet Information and Technology said on Wednesday. Affiliates of Tencent Holdings, JD.com Inc, TCL Corp and Suning.com Co have agreed to each invest 300 million yuan ($48 million) in the manufacturer of smart TVs among backers investing a combined total of up to 3 billion yuan, Leshi said in a Shenzhen stock exchange filing. The new funds will help with a capital shortage at the company and boost operations, Leshi said.
Chinese e-commerce company JD.com made a pitch on Wednesday to attract more European luxury brands to its site, saying it could offer faster delivery and better protection against fakes than bigger rival Alibaba Group Holding. China's second-largest e-commerce business is planning an office in Milan, after opening its first in Europe in Paris in January. It is also teaming up with Spanish brands, international president Winston Cheng said in Madrid.
Last month, Alibaba (BABA) led a funding round that raised $866 million for China-based bike-sharing company Ofo. Alibaba was joined in the latest Ofo fundraising by investors including its finance affiliate Ant Financial, Haofeng Group, Junli Capital, and Tianhe Capital. Ant Financial, which operates Alibaba’s mobile payment service, Alipay, made a deal last year to acquire MoneyGram (MGI) for $1.2 billion. However, the US government blocked it from closing the deal on national security grounds.
When looking at China e-commerce, how should a brand decide between a cross-border solution (Tmall Global or JD Worldwide) or an in-country solution (Tmall or JD)? What are the advantages of each approach and how does a brand know when it is ready to build out its strategy?
Robots will eventually replace human workers in the retail industry, the chief executive of Chinese e-commerce company JD.com predicted on Tuesday. China's second-largest e-commerce business has built up an extensive logistics network and is investing heavily in drones, robotics and automation. "Sooner or later, our entire industry will be operated by AI (artificial intelligence) and robots, not humans," Richard Liu said retail executives at the annual World Retail Congress in Madrid.
As Amazon (AMZN) is preparing to report its 1Q18 results, Donald Trump has escalated his criticism of the company’s practices, particularly its delivery contract with the US Postal Service and collection of sales tax. In late March, Axios reported that Trump wasn’t paying much attention to the debate about Facebook’s (FB) handling of user data, but seemed intent on clipping Amazon’s wings.
Amid steeply declining IPO activity in China this year, there's an ongoing push by the country to lure its tech companies to come back home to list.
JD.com Inc will invest 536.6 million yuan ($85.4 million) for a 33 percent stake in the China unit of global insurance giant Allianz SE, the companies said, as part of the Chinese e-commerce firm's push into financial services. The investment will make JD.com the second largest shareholder in Allianz China, said the insurance firm in a filing on Monday. JD.com spun out its finance unit in 2017 and earlier this month Reuters reported it aims to raise $1.9 billion in fresh equity that will potentially double the unit's value to $20 billion yuan.
Alibaba (BABA) became the 20th most widely held stock by the world’s top institutional investors in 2017, according to a Financial News report citing eVestment data. Alibaba’s rise in the portfolios of the world’s elite fund managers has been rapid. In the previous year, it ranked 43rd among the stocks most commonly held by international fund managers.
Alibaba (BABA) is taking full control of online food delivery service Ele.me in a deal that values the startup at $9.5 billion.
When Charles Li, chief executive of the Hong Kong Exchange, last year announced plans to help the next wave of Chinese tech giants go public in the city, bankers celebrated. At last, they felt, Hong Kong could compete against New York, its fiercest rival for initial public offerings, by starting to offer tech founders the weighted voting rights common in the United States they were demanding. On March 30, China's securities regulator announced its own pilot scheme to encourage the very same group of companies to list in Shanghai and Shenzhen.
JD.com (JD) has signed a strategic agreement with Suzhou Tianma Specialty Chemicals regarding areas such as e-commerce solutions. The agreement is expected to pave the way for Suzhou Tianma to sell its products on JD’s online platforms while JD gets more inventories for its customers.
Walmart (WMT) is adopting Tencent’s (TCEHY) WeChat Pay as its preferred mobile payment service in western China, saying the move is designed to improve the customer experience. Walmart’s move to WeChat Pay to improve the customer experience comes at a time when speed is reshaping the online retail competition.
Alphabet’s (GOOGL) research and development arm, X, is studying how AI (artificial intelligence) technology can improve farming. For instance, X staff is spending more time in the field with farmers to understand how AI technology can be used to improve crop yields. Astro Teller, the CEO of Alphabet’s X unit, revealed his team’s involvement in smart farming initiatives when he spoke last month at the EmTech Digital Conference held by MIT Technology Review in San Francisco.
JD.com (JD) and Tencent (TCEHY) have joined forces to wage war against Alibaba (BABA) in fields ranging from e-commerce to cloud computing to mobile payments. In addition to teaming up with JD to invest in the same strategic companies and striking a commercial alliance with JD to tap into each other’s strengths, Tencent is a big investor in JD with a stake of roughly 20%.
In addition to making individual efforts to counter Alibaba (BABA), JD.com (JD) and Tencent (TCEHY) have teamed up to tackle their common rival. JD is competing against Alibaba to be the leading e-commerce company in China, while Tencent’s and Alibaba’s interests clash in many fields, including mobile payment and digital entertainment.
How is marketing investment affecting Groupon’s (GRPN) performance? Recently, Groupon has been investing significantly in marketing activities, where its initiatives have combined online and offline campaigns. A lot of Groupon’s marketing investments have been geared toward drawing more shoppers to the platform and driving new product and solution uptake.