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Chinese B2C e-commerce platform operator and retail infrastructure service provider JD.com (Nasdaq: JD; 9618.HK) announced today that subsidiary JD Industrial Supply launched the flagship store of Danish water pump manufacturer Grundfos on January 30. Read More
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), and Biedronka, the largest retail chain in Poland, have jointly announced the formation of a partnership in which the Polish grocery giant will leverage JD Logistics' warehousing and distribution capability in Poland to fulfill its online orders and expand its online business. Read More
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
On July 24, Chinese B2C e-commerce platform operator and retail infrastructure service provider JD.com (Nasdaq: JD; 9618.HK)'s healthcare subsidiary JD Health and Guangdong Clifford Hospital held the unveiling ceremony of their "Diabetes Intelligent Care Center" collaborative project in Guangzhou, Guangdong province. Read More
Chinese e-commerce platform operator Pinduoduo (Nasdaq: PDD) today announced it will subscribe to USD 200 mln in convertible bonds ("CBs") issued by Chinese household appliance and electronics retailer GOME Retail Holdings Limited (0493.HK) as part of a strategic partnership to bring more value-for-money merchandise to Pinduoduo's 585.2 mln users. Read More
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
Chinese B2C e-commerce and online finance giant JD.com (Nasdaq: JD) today announced a major upgrade and rebranding of its JD Finance business to JD Digits (formally Beijing Jingdong Digital Technology Co., Ltd.) The newly restructured unit will work towards integrating advanced digital technologies across not only fintech, but also four other sectors including urban computing, agriculture, campus services and digital marketing. Read More
Beijing-based Gongjin Technology, operator of mobile and PC bookkeeping service platform Huisuanzhang, recently announced the completion of Series C funding led by Gaocheng Capital with participation from existing investor Android device maker Xiaomi (1810.HK). Read More
Hangzhou-based Chuiyi Network Technology, operator of subscription men's apparel service "Champzee," recently completed Series A3 funding led by Ant Financial, the financial services affiliate of Chinese e-commerce conglomerate Alibaba Group (NYSE: BABA), with participation from China Broadband Capital's Chenshan Fund. Read More
Shanghai-based industrial Internet solutions provider Allsense Technology recently announced completion of RMB 8-digit pre-Series A funding led by Beijing-based Mingshi Hexun Capital Management (FutureCap) with participation by US-based Linear Venture and Shenzhen-based Green Pine Yuanwang Asset Management. Read More