Tag: JD.com

FINTS Morning Brief (21 Oct 2016)

China strictly bans raising loans from government in the name of Public-Private-Partnership Project: Ministry of Finance Walmart Stores Inc collaborates with JD.com, a Chinese e-Commerce website to offer more shopping options for online customers in…


Tencent becomes largest shareholder in JD.com, striving to challenge Alibaba

According to documents disclosed by the US Securities and Exchange Commission on Aug 19, Tencent’s wholly-owned subsidiary, Huang River Investment, has purchased 21.25% stake in JD.com as of now, making Tencent ranking as JD’s largest…


LENOVO SIGNS STRATEGIC COOPERATION AGREEMENT WITH JD.COM

Lenovo Group, the world’s largest personal computer supplier, signed a strategic cooperation agreement with JD.com, China’s second-largest online retail services provider, on July 26. According to the agreement, Hong Kong-listed Lenovo hopes to sell 60…


ALI HEALTH BUYS OUT AN INTERNET TRANSACTION LICENSED MEDICINE COMPANY

Alibaba’s healthcare subsidiary Ali Health acquired full ownership of Guangzhou Wuqiannian Medicine for 16.8 million yuan. Guangzhou Wuqiannian Medicine, a drug retailer, holds the Internet Drug Transaction Service Qualification Certificate (IDTSQC), a qualification essential for…


Walmart sells Yihaodian to JD.com in exchange for about 5% stake

Walmart has decided to sell its Chinese e-commerce arm Yihaodian to JD.com (China’s second largest e-commerce giant) in exchange for roughly a 5% stake in JD.com. The deal came just after the world’s largest retailer…


FINTS MORNING BRIEF (20 Jun 2016)

The China Securities Regulatory Committee halts raising supporting funds to replenish liquidity in the process of restructuring 20.53-billion-yuan worth of restricted shares will become tradable this week 920 companies have been selected into innovation tier,…


A quarter of Chinese expected to shop online transnationally by 2020

One in four Chinese are expected to make overseas purchases online by 2020 as a result of better prices and higher living standards, according to eMarketer, a digital research firm. In China, the number of…