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JD.com Commits RMB 1 Bln to Establish JD Fashion as Premier Fashion Destination

JD.com, 8/30/24

Chinese B2C e-commerce platform operator and retail infrastructure service provider JD.com (Nasdaq: JD; 9618.HK) has announced an expansion in its apparel business with an additional investment of RMB 1 bln aimed at establishing JD Fashion as a leading destination for stylish global apparel. Read More

Pinduoduo Appoints New VP Finance

Pinduoduo, 12/30/21

Chinese group-buy e-commerce platform operator Pinduoduo (Nasdaq: PDD) revealed in a new SEC filing today that Ms. LIU Jun will succeed MA Jing ("Tony Ma") as Pinduoduo's Vice President of Finance, effective January 1, 2022. Read More

Trip.com Group Completes Dual Listing on Hong Kong Stock Exchange

Trip.com, 4/19/21

Trip.com Group (Nasdaq: TCOM), a leading global travel services provider, officially listed on Hong Kong Stock Exchange today (under Stock Code 9961.HK). Read More

Q3 2020 Investment in Chinese Internet Startups Down 9% QoQ

CAICT, 10/16/20

As China's domestic economy maintained its gradual recovery, capital markets for Chinese internet startups also remained relatively stable in Q3 2020, with the total amount of investment and financing disclosed for the quarter coming to USD 6.22 bln, down 8.9% QoQ and 39.0% YoY, according to Chinese government data. Read More

Q2 2020 Investment in Chinese Internet Startups Up 37% QoQ

CAICT, 7/11/20

Driven by the continued recovery of China's economy and looser liquidity, capital markets for Chinese internet startups rebounded strongly in Q2 2020, with the total amount of investment and financing disclosed for the quarter coming to USD 6.52 bln, up 37.0% QoQ but down 18.4% YoY, according to Chinese government data. Read More

Market Cap of China's Listed Internet Firms Down 4.2% QoQ in Q1 2020

CAICT, 4/30/20

Battered by the COVID-19 pandemic in Q1 2020, total market cap of China's publicly traded Internet companies dropped 4.2% QoQ to RMB 11.10 trln, reports the Policy and Economics Research Institute of the China Academy of Information and Communications Technology (CAICT), a department of China's Ministry of Industry and Information Technology (MIIT). Read More

Q1 2020 Investment in Chinese Internet Startups Down 28% QoQ

CAICT, 4/09/20

As the COVID-19 pandemic battered both domestic and overseas economies, capital markets for Chinese internet startups tightened dramatically in Q1 2020, with the total amount of investment and financing disclosed for the quarter coming to USD 5.09 bln, down 28.1% QoQ and 36.3% YoY, according to Chinese government data. Read More

Market Cap of China's Listed Internet Firms Up 18.3% QoQ in Q4 2019

CAICT, 1/14/20

Buoyed by a general rise in the global stock market in Q4 2019, total market cap of China's publicly traded Internet companies increased 18.3% QoQ to reach a record-high RMB 11.59 trln, reports the Policy and Economics Research Institute of the China Academy of Information and Communications Technology (CAICT), a department of China's Ministry of Industry and Information Technology (MIIT). Read More

Q4 2019 Investment in Chinese Internet Startups Down 32% QoQ, 52% YoY

CAICT, 1/10/20

Against a backdrop of increased domestic and international economic pressure, capital markets for Chinese internet startups saw a major tightening in Q4 2019, with the total amount of investment and financing disclosed for the quarter coming to USD 6.84 bln, down 32.3% QoQ and 51.5% YoY, according to Chinese government data. Read More

Market Cap of China's Listed Internet Firms Up 0.5% QoQ in Q3 2019

CAICT, 10/15/19

The market value of China's publicly traded Internet companies continued to fluctuate in Q3 2019 against the backdrop of ongoing Sino-US economic and trade frictions, reaching a total market cap of RMB 9.8 trln, up 0.5% QoQ, reports the Policy and Economics Research Institute of the China Academy of Information and Communications Technology (CAICT), a department of China's Ministry of Industry and Information Technology (MIIT). Read More