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JD Logistics to Double Overseas Warehousing Capacity by End of 2025

JD.com, 10/17/24

JD Logistics (2618.HK), the logistics arm of Chinese B2C e-commerce platform operator and retail infrastructure service provider JD.com (Nasdaq: JD; 9618.HK), announced today plans to double its overseas warehouse space by the end of 2025. Read More

JD Logistics Launches Second Warehouse in Dubai

JD.com, 12/05/22

JD Logistics (2618.HK), the logistics arm of Chinese B2C e-commerce platform operator and retail infrastructure service provider JD.com (Nasdaq: JD; 9618.HK), recently announced the opening of its second warehouse in Dubai, the United Arab Emirates. 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

Ride-hailing Giant Didi Chuxing Secures USD 4 Bln in New Funding

DiDi Chuxing, 12/21/17

Didi Chuxing, operator of Chinese mobile taxi booking and car hire apps Didi Chuxing and Kuaidi Dache, has announced the completion of a new equity funding round of over USD 4 bln to support AI capacity-building, international expansion, and new business initiatives, including the development of new energy vehicle service networks. Read More

Renren VP Resigns, Citing CEO Disagreement

Sina Tech, 6/27/14

Alan Du recently announced in an internal email that he has resigned from his position as VP in charge of strategic development at Beijing-based social networking site operator Renren (NYSE: RENN). Read More

Sina Developing Independent News Blogger Platform

Eeo.com.cn, 9/17/13

Du Hong, COO and Co-President of Chinese internet company Sina (Nasdaq: SINA), has revealed that Sina is in the process of developing an independent media platform, providing support for independent news bloggers such as content production tools, special independent blogger columns, and news broadcast solutions. Read More

Sina Restructures Business into Portal and Microblog Divisions

iFeng Tech, 12/28/12

In an internal email, Charles Chao, CEO of Chinese internet company Sina (Nasdaq: SINA), has outlined the company's "mobile first" strategic focus for the coming year. Read More

Rumor: Groupnet to Acquire 24Quan

Netease Tech, 10/25/12

Lin Ning, CEO of Beijing Wangluo Tianxia Shenghuo Technology (English name: Groupnet), which operates group buy sites Ftuan and Gaopeng, yesterday revealed that Berjaya Corporation Berhad, the largest shareholder in Beijing-based group buy site 24quan.com, has been in frequent contact with Wangluo Tianxia about possibly acquiring 24quan at an undisclosed price. Read More

Mogujie Monthly Taobao Ad Revenue Reaches RMB 4 Mln

Ebrun, 9/19/12

Chinese shopping experience sharing SNS Mogujie recently disclosed that monthly revenue from B2C and C2C e-commerce site Taobao's Taobao Alliance ad union has reached RMB 4.5 mln to 6.0 mln, though according to multiple independently confirmed industry sources, the amount is closer to RMB 4 mln after deducting Taobao's 10% technical fee. Read More

Former Qihoo Executive Joins Baidu Wireless

DoNews, 10/08/11

Du Yun, former director of strategic cooperation in Chinese online security software developer Qihoo 360's (NYSE: QIHU) mobile application department, confirmed in a recent interview with DoNews that she has joined internet company Baidu (Nasdaq: BIDU). Read More