Two big fund-raising stories are in the headlines as people return to work after the Dragon Boat holiday, including a new IPO filing by online recruitment site Zhaopin.com and a big new funding round by a year-old mobile news app developer. The first news bit has seen Zhaopin announce a price range for its IPO nearly a month after making its first public filing for the offer. Meantime, the app whose name translates roughly to Today’s Top News, is showing big promise in the mobile news space, with word that its developer has just raised an impressive $100 million in new funding. Read Full Post…
Tag Archives: JD.com
Weibo: JD Seeks Value, Tesla Tries Tech
UPDATE: Following original publication of this post, I was informed that Tencent wasn’t among the buyers of shares that raised $1.8 billion in JD.com’s IPO. Tencent did buy $1.3 billion worth of JD.com shares through a concurrent private placement at the time of the IPO, raising its stake in JD.com to 20 percent.
E-commerce giant JD.com (Nasdaq: JD) was well represented in the microblogging realm this past week, generating debate about the company’s surprisingly high valuation following its listing last month in New York. Meantime, electric car (EV) sensation Tesla (Nasdaq: TSLA) also got some new buzz from big-time booster Li Xiang, founder of the recently listed Autohome (NYSE: ATHM), who disclosed the launch of a new app and talked about the EV maker’s strong early China sales. Read Full Post…
Tencent-JD Take Aim At Alibaba In C2C
The alliance between Tencent (HKEx: 700) and JD.com (Nasdaq: JD) formed earlier this year is quickly revving up to challenge Alibaba’s dominance of China’s C2C e-commerce segment, with word of 2 big new moves in the space. This new alliance immediately challenged Alibaba shortly after its formation, pooling the 2 companies’ resources to create a player with a quarter of the market in the lucrative B2C space that sees major retailers sell their products to consumers online. But Alibaba still has near-complete dominance over the equally lucrative but more fragmented C2C space, sometimes called online auctions, which sees individuals and small merchants sell their products to consumers online.
News Digest: June 4, 2014
The following press releases and media reports about Chinese companies were carried on June 4. To view a full article or story, click on the link next to the headline.
══════════════════════════════════════════════════════
- US Finds Unfair Subsidies Of Solar Imports From China (English article)
- Alibaba Unveils “Lazy Man” VNO Mobile Service (Chinese article)
- Baidu (Nasdaq: BIDU) Announces Proposed Debt Offering (PRNewswire)
- JD.com’s (Nasdaq: JD) Paipai Waives Merchant Fees (English article)
- Volkswagen Plans Yuan-Denominated ABS After Toyota, Ford Sales (English article)
Logistics Gets Boost With Dutch Investment
China’s fast-growing logistics sector got 2 shots in the arm last week, first when leading e-commerce company Alibaba made a major new offshore investment and then when a major foreign fund formed a domestic warehousing joint venture. The pair of investments are part of a flurry of new developments being driven by e-commerce, which is fueling huge demand for behind-the-scenes services like order fulfillment and product deliveries. Read Full Post…
Alibaba Eyes Singapore, JD Launches On WeChat
E-commerce leader Alibaba is back in the headlines with its purchase of a stake in a Singaporean parcel delivery company, continuing its hyperactive acquisition spree that seems increasingly lacking in focus. Meantime, another e-commerce tie-up that I wrote about earlier this week has formally happened, with word that a new series of e-commerce channels run by JD.com (Nasdaq: JD) has begun to appear on one of the top screens for users of Tencent’s (HKEx: 700) popular WeChat mobile messaging service. Read Full Post…
JD Challenges Alibaba In C2C, Mobile
With its new IPO now firmly in the past, e-commerce giant JD.com (Nasdaq: JD) is finally getting back to business as it seeks to challenge industry leader Alibaba. Two of its newest moves in that drive both look quite exciting, and are part of its recent equity tie-up with leading social networking company Tencent (HKEx: 700). One of those has JD making a major personnel move in its underdeveloped C2C e-commerce business that it recently acquired in the Tencent tie-up. The other has JD on the cusp of launching a major new sales channel over Tencent’s wildly popular WeChat mobile messaging service. Read Full Post…
News Digest: May 27, 2014
The following press releases and media reports about Chinese companies were carried on May 27. To view a full article or story, click on the link next to the headline.
══════════════════════════════════════════════════════
- China’s State-Owned Sector Told To Cut Ties With US Consulting Firms (English article)
- Yintai CEO Resigns to Join JD.com’s (Nasdaq: JD) Paipai (English article)
- China State Construction Plans (Shanghai: 601688) $4.8 Bln Preferred Stock Sale (English article)
- Oriental Pearl, Sony (Tokyo: 6758) to Jointly Release PlayStation in China (English article)
- Mobile Base Station JV In Q3 Launch, China Telecom (HKEx: 728) To Benefit Most (Chinese article)
JD.com IPO Bumps Up, Chunkong Gets Yanked
E-commerce giant JD.com (Nasdaq: JD) has formally ended its IPO process with a solid trading debut, capping a surprisingly strong performance despite signs that investors were rapidly losing interest in Chinese Internet stocks. But in a much lower profile move, smaller IPO candidate Chunkong Technology has quietly delayed its own New York offering plan, becoming the first formal casualty of fading sentiment. Chukong’s decision looks particularly significant because the company operates in the mobile gaming space, which is supposed to be one of the fastest-growth areas in China’s tech world. Read Full Post…
News Digest: May 23, 2014
The following press releases and media reports about Chinese companies were carried on May 23. To view a full article or story, click on the link next to the headline.
══════════════════════════════════════════════════════
- JD.com (Nasdaq: JD) Gains In Debut After Larger-Than-Planned IPO (English article)
- China’s Bright Food To Buy Control Of Israel’s Tnuva To Boost Dairy Sales (English article)
- Youku Tudou (NYSE: YOKU) Announces Q1 Unaudited Results (PRNewswire)
- China to Introduce Security Checks on Foreign IT Products (English article)
- Suning (Shenzhen: 002024), Changhong Sign 3 Year, 26 Bln Yuan Supply Deal (Chinese article)
- Latest calendar for Q1 earnings reports (Earnings calendar)
JD Gets Strong Demand For IPO Shares
It seems that e-commerce giant JD.com’s decision to move slowly with its massive IPO was a good one, with word that the company’s shares have priced quite strongly in their long march to market . JD made its first public filing for a New York IPO back in early February, meaning the process of listing will have taken more than 3 months when its shares start trading on Thursday. That’s a long time in any market, and especially long for the current one where investor sentiment towards Chinese Internet IPOs was rapidly fading. Read Full Post…
