(Bloomberg) Bilibili Inc. stock jumped more than 7% on Wednesday, leading gains among Chinese peers listed in the US as Beijing toned down on the internet firms. The improved sentiment…
(JD.com) Chinese e-commerce giant JD.com announced net revenues of RMB275.9 billion or US$43.3 billion in the fourth quarter of 2021, an increase of 23% from the prior year. In FY21,…
(Bloomberg) Shares of Chinese giants including Alibaba, Pinduoduo, and JD.com rose on Tuesday as reports emerged that state backed funds were buying the shares. The move by the Chinese state-backed…
(CNBC) Shares of e-commerce giant JD.com rose almost 15% on Tuesday as investors got a little clarity on the regulatory outlook after the passage of a major anti monopoly law.…
China’s JD.com would invest $800 million in on-demand delivery firm Dada Group, according to Reuters. The e-commerce firm would own about 51% of Dada after the investment. The investment by…
JD.com reported a net revenue increase of 31.4% to RMB224.3 billion or $34.4 billion year over year, according to the company’s press release. Revenue growth was driven by the company’s…