China NewsBase
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189 articles matching the search query.
JD.com to issue shares worth $220 mln to Tencent for WeChat access
China's JD.Com Inc said on Wednesday it would issue shares worth $220 million to investor Tencent Holdings Inc over a three-year period to access certain services on the latter's WeChat platform.
Morningstar Likes Alibaba, Tencent, JD.com
Lorraine Tan, director of equity research at Morningstar, discusses the opportunities she sees in stock markets across Asia. She speaks with Haidi Stroud-Watts and Kathleen Hays on "Bloomberg Daybreak: Asia." (Source: Bloomberg)
Did this year’s 618 ecommerce festival pull China out of its consumer slump?
Overall growth rates this year are more muted than in the past, but underlying trends point to changes in consumption patterns in the near future.
Alibaba, JD.com Jump on Easing Covid Curbs, Economic Data
(Bloomberg) -- US-listed Chinese stocks wiped out their monthly losses, as an easing of lockdown measures in major cities and better-than-expected economic data helped spur a recovery in the second half of May. Most Read from BloombergElon Musk’s Ultimatum to Tesla Execs: Return to the Office or Get OutOne-Third of Americans Making $250,000 Live Paycheck-to-Paycheck, Survey FindsJamie Dimon Says JPMorgan Is Bracing Itself for Economic ‘Hurricane’Fed Starts Experiment of Letting $8.9 Trillion Por
Alibaba, JD.com stocks rally as China moves to lift COVID lockdowns
Yahoo Finance Live anchors discuss China stocks as Shanghai takes steps toward easing COVID-19 lockdowns.
Hikvision and JD.com are in America’s crosshairs
The U.S. may sanction Chinese surveillance companies for human rights reasons, and delist Chinese tech companies from American stock markets for lack of auditing transparency.
Following Tencent, mass layoffs at JD.com
JD.com is trimming 10-15% of the staff at a group-buying division, adding to the list of Big Tech firms that are slashing jobs to survive Beijing’s regulatory storm.
JD Logistics acquires domestic courier amid a rise in competition
JD Logistics has bought courier company Deppon Logistics for nearly $1.5 billion, becoming China’s second-largest logistics company behind SF Express.
京东率先建成中国首个“零碳”物流园区
Ecommerce giant JD.com opens a carbon-neutral hub: JD’s Xi’an operation — which uses and stores solar power, and offsets emissions through other means — has become “the first zero-carbon logistics park in China,” according to two different government certifications.
Alibaba’s stock blues
Alibaba’s stocks plummeted all over the globe. At such cheap prices, should wary investors cash in?
Buoyed by Chinese consumers, L’Oréal defies earnings expectations
L’Oréal, the massive French beauty brand, posted record annual sales in 2021 on the strength of the Chinese cosmetics sector. The company’s future in China is bright as the country’s middle class is expected to expand by over 300 million people this decade.
京东：刘强东将向慈善机构捐赠23.4亿美元股票用于教育、环保，2003年已开始捐资助学-36氪
Ecommerce titan JD.com is staying on the right side of the government in the Year of the Tiger by directing money to “common prosperity” programs: Founder Richard Liu (刘强东 Liú Qiángdōng) will donate $2.34 billion in stock to third-party foundations for education and environmental protection, the company announced.
Tencent off-loads share in gaming company
Tencent has off-loaded $3 billion worth of shares in the Singapore-based gaming and ecommerce firm Sea, in a move to align its portfolio to match the priorities of Beijing’s “common prosperity” and sustainability push.
Companies in Shanghai Take First Steps to Trade Data Like Stocks
A report in Sixth Tone dives into the Shanghai Data Exchange, where data is traded “like stocks.” The exchange opened on November 25, with tech majors like JD.com and Alibaba-owned AutoNavi among the companies participating.
China Fines Alibaba, Tencent in Latest Antitrust Investigation
Just another day in antitrust enforcement: “Alibaba, Tencent, and Baidu are the target of another round of antitrust fines on Saturday [November 20] totaling 21.5 million yuan ($3.4 million),” per Bloomberg via Caixin. Other big names in China tech such as JD.com, ByteDance, and Meituan were also “fined 500,000 yuan ($78,000) for each violation” of antitrust law, TechNode reports. Caixin notes that the “first salvo since the appointment of Gān Lín 甘霖 as the head of the country’s anti-monopoly bureau” was met mostly with a shrug by markets.
Dull tech earnings chalked up to increased spending
A story from the SupChina A.M. newsletter. Sign up for free here.
China’s Singles Day avoids the limelight
How to run an event centered around rampant consumerism in the age of “common prosperity.” This story is from the SupChina A.M. newsletter — sign up for free here.
太快了！京东“小时购”业务发布：双11新玩法？_配送
Faster than you can say…: E-commerce site JD.com announced yesterday it can now deliver some items in minutes thanks to huge warehouses and an in-house delivery network.
Can cheap robots solve Chinese labor shortages?
Chinese factories are experiencing electricity shortages that will affect the world’s supply of everything from iPhones to Christmas lights. Now they can’t find enough workers. Can robots help?
China’s Secondhand Business Is Booming
Used goods, from apparel to appliances, have finally lost their stigma. It’s a big market.
Tencent-Backed Tech Giant Sea Taps Investors for $6 Billion
Southeast Asia’s most valuable listed company, Sea, is capitalizing on investor enthusiasm for the region’s fast-growing technology industry.
Chinese Tech Giant JD.com Founder Richard Liu to Step Back From Daily Business
The e-commerce company named its first president while facing tougher competition and a widening regulatory crackdown by Beijing.
Didi Creates Union, Setting Precedent for Xi’s Worker Agenda
Didi Global Inc. is helping workers establish their first union, a groundbreaking decision its fellow tech giants may soon follow as China imposes rules to curb excessive work and protect millions of blue-collar workers from exploitation.
Cathie Wood Is More Optimistic Than Pessimistic About China
Cathie Wood said she’s more optimistic than pessimistic about China in the long run.
Pinduoduo Pledges $1.5 Billion of Profits to Chinese Farmers
Pinduoduo Inc. posted its first-ever quarterly net profit as a public company, pledging Tuesday to donate those and future earnings toward the development of agriculture till it’s given away a total of 10 billion yuan ($1.5 billion).
Chinese Tech Stocks JD.Com, Pinduoduo Lead U.S. Higher a Second Day
Chinese stocks listed in the U.S. rallied in premarket trading, led by gains in JD.com Inc. and Pinduoduo Inc., after technology shares extended their rebound in Hong Kong following a months-long rout.
China steps up antitrust campaign with new draft rules targeting internet companies
China’s State Administration for Market Regulation published a set of draft regulations on internet companies that was remarkable for its detailed list of prohibited behaviors.
Hedge Funds Blindsided by China Risk With New Warning
Ray Dalio insists that the swings in Chinese markets are little more than “wiggles.” But for a certain subset of hedge-fund managers, the consequences of Beijing’s crackdown might seem more like an earthquake.
China's online shopping growth plunges to just 4% in July as retail sales disappoint
China's National Bureau of Statistics released economic data for July on Monday.
China Regulatory Crackdown Mires Sequoia and Rival Venture Firms in Uncertainty
The venture firm has exposure to the online education sector that regulators have choked, and investors worry its other holdings could be next.
China’s antitrust probe: Tencent and Meituan are next
China’s crackdown on Big Tech is real and ongoing, but it’s not going to kill the geese that lay the golden eggs. Here are the latest developments.
Tech is coming for China’s convenience stores
Convenience stores in Japan and Taiwan have long offered their customers everything from beer and soft drinks to an amazing variety of freshly cooked food. The Japanese chains and their local knockoffs have grown rapidly in China in the last two decades, but now tech companies are aggressively moving into their turf.
All the electric car companies in China — a guide to the 46 top players in the Chinese EV industry
Updated December 1: Electric vehicles, smart systems to drive them, and advanced batteries to power them are attracting enormous sums of capital and China’s best engineering talent. These are the companies that are fighting for one of the most lucrative markets in the world. Many of them will be global EV players.
Delivering packages for Chinese logistics companies pays terribly, according to new report
China’s ecommerce boom is great for consumers, but the people who do the last-mile delivery put up with miserable working conditions for small salaries.
Ecommerce giant JD.com to spin off another company with logistics arm IPO in Hong Kong
JD.com, China’s second-biggest ecommerce group after Alibaba, is to launch its third public listing: JD Logistics has filed for a Hong Kong IPO.
Consumers love cheap groceries, but can community group buying withstand government scrutiny?
Community group buying is taking China’s residential compounds by storm as even non-tech-savvy grannies see the price benefits and tech companies pour millions into the sector. But not everyone is happy with the booming new industry.
JD Finance under fire for advertising that preys on the poor
China’s fintech companies are under growing pressure as their need for rapid growth leads to ethically questionable business practices that target the financially vulnerable.
After Ant IPO suspension, Beijing eyes antitrust regulation for tech sector
A week after the surprise suspension of the Ant Group’s gargantuan IPO, Chinese regulators are taking the country’s entire tech sector to task. Newly drafted antitrust regulations would bring scrutiny to Alibaba, Tencent, Meituan, JD.com, and others.
The Hong Kong Stock Exchange’s half-trillion-dollar opportunity
The Hong Kong Stock Exchange used to lean on its finance and banking sector, but political turmoil has forced it to change. The exchange may have found salvation in China’s tech giants that seek refuge as they scurry away from America.
