Friday, November 22

Tag: JD.com

JD.com Launches P2P Online Lending Products
25Dec By Gauri SinghNo Comments
Tech

JD.com Launches P2P Online Lending Products

E-commerce giant JD.com has become the first Chinese tech tycoon to launch peer-to-peer online lending products. "Hefeng online lending" or literally "Hefeng Wangdai", a platform providing information service on P2P online lending under JD.com, sold out all the products within seconds after it started operation on Sunday. This made JD the first BATJ or Baidu, Alibaba, Tencent and JD, to enter peer-to-peer online lending market. The P2P online lending platform provide one-month, three-month, six-month and 12-month products with 5 percent, 5.5 percent, 6 percent and 6.5 percent annual return rates. The lending benchmark was 1,000 yuan ($144.96) and almost all the borrowed money was expected to be used for daily consumption. Peer-to-peer online lending has experienced serious c...
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China’s JD.com Partners Intel to Develop ‘smart’ Retail experiences
11Dec By Gauri SinghNo Comments
BUSINESS

China’s JD.com Partners Intel to Develop ‘smart’ Retail experiences

China’s second highest-profile investor behind Alibaba known as JD.com has partnered with another U.S. tech giant that is Intel. Both the companies stated that they will set up a “lab” focused on bringing Internet-of-Things technology into the retail process. This would probably include new-generationvending machines, advertising experiences and more. That future is mostly offline — or, in China tech speak, “online-to-offline” retail — but combining the benefits of e-commerce with brick and mortar physical retail shopping.  The e-commerce company already works with Intel on personalized shopping experiences, but this new lab is focused on taking things further with new projects and working to “facilitate their introduction to global markets.” “The Digitized Retail J...
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China’s JD.com Launches its First UAV for Cargo Deliveriesb
22Nov By Gauri SinghNo Comments
CHINA

China’s JD.com Launches its First UAV for Cargo Deliveriesb

China’s JD.com has rolled out its first large-scale unmanned aerial vehicle (UAV) at Pucheng airport, Shaanxi province. It has been stated that the UAV will be used for the company's cargo deliveries. This particular UAV has been named as the JDY-800 which has a wing-span of 10 meters. It can cruise at altitudes of 3,000 meters at speeds of over 200 kilometers per hour. Also, the JDY-800 can carry up to 840 kilograms' cargo during its flight. The company had planned to develop a large-scale UAV in June when CEO Liu Qiangdong announced the plan through a social media post. And now, it has become a reality. Since then, the JDY-800 has gone through 5 months of manufacturing, assembling and testing. It must be noted that the company has produced the aircraft itself. "The larger drones c...
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JD.com’s CEO Richard Liu Arrested Against Sexual Misconduct
3Sep By Gauri SinghNo Comments
CHINA

JD.com’s CEO Richard Liu Arrested Against Sexual Misconduct

Chinese billionaire Richard Liu who founded the one of the largest Chinese e-commerce platform JD.com was reportedly arrested by Minneapolis police Friday night. He was suspicious of criminal sexual misconduct. However, he was released later stating that he was falsely accused. The Minneapolis Police Department said the investigation remained active and would not confirm details of the arrest against the CEO, Liu. "The individual was arrested Friday evening and released Saturday afternoon. He was released pending formal complaint," Public Information Officer John Elder stated.  JD.com is China’s second-largest online shopping platform after Alibaba. Liu founded the venture about two decades ago. The company has been listed on the Nasdaq since 2014 and has reached to around $45 billion...
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News of the Day: Funding News Of The Week (18th-23rd June)
23Jun By Gauri SinghNo Comments
FUNDING

News of the Day: Funding News Of The Week (18th-23rd June)

This week was quite eventful in terms of funding activities. Few of the well-known firms raised a substantial amount of funds from different investors. So, here you can have a glimpse of the major funding activities that took place this week starting from 18th June 2018 to 23rd June 2018. The recap of funding for the week is as follows: 1) Swiggy Food Delivery Platform Swiggy sealed its much awaited $210 million funding with Russian billionaire Yuri Milner’s’ DST Global thereby finally making entry into the prestigious “Unicorn” club. The total capital of the company crossed $466 million followed by this round. Swiggy will be using the freshly raised capital in revamping its supply chain network and expanding to new markets. With an expected market valuation of $1.2 billion, ...
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Google to Invest $500 Million in Chinese E-commerce Giant
18Jun By Gauri SinghNo Comments
FUNDING

Google to Invest $500 Million in Chinese E-commerce Giant

The biggest multinational tech company Google announced on Monday that it will invest an amount of $500 million in Chinese second largest e-commerce platform called JD.com. Both the companies have mentioned this funding as an association that will help in the promotion of JD.com products on Google’s shopping service. In return for the funds, Google will receive more than 27 million newly issued Class A ordinary shares of JD.com at an issue price of $20.29 per share. This would also be helpful for the Chinese company to expand its existence beyond China and Southeast Asia to other markets in the US and Europe. "This partnership with Google opens up a broad range of possibilities to offer a superior retail experience to consumers throughout the world," stated Jianwen Liao, JD.com's chief...
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China’s Meitu Pacts with British Museum to Launch a Woman’s Smartphone
21May By Gauri SinghNo Comments
CHINA

China’s Meitu Pacts with British Museum to Launch a Woman’s Smartphone

China’s leading mobile internet company, Meitu along with the British Museum is all set to launch a limited edition smartphone by and large for the women. It brings forth Artificial Intelligence (AI) as well as beautification technology. It’s the first time that the British Museum has partnered with a smartphone company on a co-branded project. The design of the smartphone has been inspired by one of the best and famed Rococo artists named Antoine Watteau. The beautiful smartphone (a limited edition of Meitu’s V6) is priced at $1,101 (6,999 yuan). The sale of the phone starts from 20th May 2018. It is available from May 20 on jd.com and from May 30 at China Telecom retail stores. To add to the specifications, the smartphone has introduced Dual-pixel front camera fitted with Optica...
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JD.com, China’s Second Biggest E-commerce Revenue Roses 42%
11Aug By AdityaNo Comments
CHINA

JD.com, China’s Second Biggest E-commerce Revenue Roses 42%

JD.com Inc, China's second biggest e-commerce company, reported revenue for the second quarter of 2016 that was within company forecasts, even as the growth rate continued a steady decline that is expected to continue. The company, Alibaba Group Holding Ltd's main rival in online shopping, said on Wednesday revenue for the quarter rose 42 percent to 65.2 billion yuan ($9.83 billion), within JD.com's forecast range of 64.2-66.2 billion yuan. But the company is predicting an even sharper decline in growth for the third quarter, compounding concerns that China's e-commerce sector is saturating. JD.com's revenue from Amazon-like online direct sales rose 40 percent in the quarter, versus a 67 percent jump in sales from services and other businesses. JD.com now expects revenues for the third ...
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Largest Deal in E-commerce: Wal-Mart Acquired Jet.com For $3 Billion
9Aug By reutersNo Comments
ACQUISITION

Largest Deal in E-commerce: Wal-Mart Acquired Jet.com For $3 Billion

Wal-Mart Stores Inc, vying to better challenge Amazon.com Inc , will pay about $3 billion for internet retailer Jet.com and its innovative pricing software in the largest-ever deal for an e-commerce startup. The deal disclosed on Monday follows a five-year e-commerce acquisition spree in which Wal-Mart, the world's biggest traditional retailer, has already bought 15 startups, seeking the talent and technology to make it a dominant player online and narrow the massive gap with market leader Amazon. Wal-Mart's online division has underperformed against Amazon, posting its slowest growth in a year in the first quarter as it struggled to gain traction with consumers, especially millennials. Jet.com was launched by internet entrepreneur Marc Lore in July 2015 and includes software that...
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