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Tag Archives: JD.com
Jingdong (jd.com) latest Business & Financial news from Doug Young, the Expert on Chinese High Tech Market, (former Journalist and Chief editor at Reuters)
The buying binge by China’s 3 leading Internet companies continues this week, with news that social networking (SNS) giant Tencent (HKEx: 700) is purchasing 11.3 percent of mobile mapping firm NavInfo (Shenzhen: 002405) for 1.17 billion yuan ($183 million). Anyone who thinks I may be mistakenly recycling an old report with this news isn’t too far from the truth, as this particular deal looks quite similar to a different recent investment by e-commerce leader Alibaba in online mapping firm AutoNavi (Nasdaq: AMAP). Read Full Post…
Four years after its high-profile withdrawal from China’s online search market over censorship issues, global Internet giant Google (Nasdaq: GOOG) is showing growing signs that it’s gearing up for a new play at the country’s lucrative and less controversial hardware market. Media are reporting the world’s largest online search company has formed a new tie-up that will see it exhibit its cutting-edge glasses product, Google Glass, in partnership with Suning (Shenzhen: 002024), one of China’s leading electronics retailers. Read Full Post…
Two weeks after this year’s first Chinese IPO in New York, there’s still a bit of life left in the market despite recent signs of slowing momentum. That’s my quick assessment after looking at the performance of the 4 companies to list so far this year, starting with education services firm Tarena (Nasdaq: TEDU), followed by clinic operator iKang (Nasdaq: KANG) and finally online real estate services firm Leju (NYSE: LEJU) and microblogging giant Weibo (Nasdaq: WB). Meantime, media are reporting that this year’s most highly anticipated IPO from Alibaba is getting delayed, after reports emerged last week that the e-commerce giant could make its first regulatory filing for a New York offering this week. Read Full Post…
Alibaba founder Jack Ma’s worries about the rapid rise of mobile instant messaging service WeChat appear to be well founded, with word that Tencent’s (HKEx: 700) wildly popular platform will create an exclusive shopping channel for Alibaba’s chief rival JD.com. This kind of deal must certainly be Ma’s biggest nightmare, as it will instantly link JD, China’s second largest e-commerce company, with the hundreds of millions of young Chinese who regularly use WeChat to communicate. What’s more, WeChat has shown itself quite capable of converting its users into shoppers who could easily become JD customers. Read Full Post…
The following press releases and media reports about Chinese companies were carried on April 19-21. To view a full article or story, click on the link next to the headline.
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McDonalds (NYSE: MCD) To Double Franchised Restaurant Ratio In China By 2015 (Chinese article)
Everyone’s buzzing today about the trading debut of Weibo (Nasdaq: WB), following a performance by the Sina (Nasdaq: SINA) microblogging unit that was filled with mixed signals. Potential investors in the company will inevitably have many questions about Weibo’s future, as it seeks to carve out a secure and profitable place for itself in China’s competitive social networking (SNS) space. But from the bigger perspective, this mixed performance is the latest sign that the window of positive sentiment towards Chinese Internet IPOs is closing fast in New York, though it could remain open for perhaps another few weeks.
The following press releases and media reports about Chinese companies were carried on April 18. To view a full article or story, click on the link next to the headline.
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Sina Weibo (Nasdaq: WB) Shares Jump 19 Pct In US Debut (English article)
China Unicom (HKEx: 762) Confident Of Getting FDD-LTE License Within Year (Chinese article)
Three of China’s shyest tech CEOs have made rare appearances on their microblogs over the past week, emerging from the shadows after difficult periods for at least 2 of their firms. Liu Qingdong, CEO of e-commerce giant JD.com, was the first to come out of his shell, ending a 19 month self-imposed silence. He was followed by NQ Mobile’s (NYSE: NQ) CEO Lin Yu, whose microblog had gone silent since a scandal last year that saw the security software maker came under a short seller attack. Tencent’s (HKEx: 700) CEO Pony Ma also made a relatively rare posting on his microblog, though in this case his appearance was mostly promotional as he trumpeted another major milestone for his company’s popular social networking services. Read Full Post…
There’s a flurry of news out today on China’s 2 leading e-commerce firms, led by a new IPO filing and major boardroom adjustment at JD.com as the nation’s second largest player prepares to raise up to $1.5 billion through a New York listing. Meantime, industry leader Alibaba has reported impressive earnings for the fourth quarter of 2013, as it also heads towards a major New York listing as soon as later this year. JD’s boardroom change looks most interesting to me, as it’s a bit unusual to see such major movement in a company’s top ranks so close to an IPO. That leads me to wonder if this is the first in a series of moves leading to the eventual marginalization of JD founder and CEO Liu Qiangdong. Read Full Post…
The following press releases and media reports about Chinese companies were carried on April 16. To view a full article or story, click on the link next to the headline.
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Nike Shoemaker Yue Yuen (HKEx: 551) Says 1,000 China Workers On Strike (English article)
JD.com Submits New Forms To SEC, To Trade Under Symbol JD (Chinese article)
Alibaba Profit Grows Ahead of Initial Public Offering (English article)
Online Recruitment Firm Lietou.com Lands $70 Mln Series C Funding (English article)
Private Aircraft Operator NetJets Nearing Official Launch In China (Businesswire)
Tencent cash pile to double with new mega bond plan
In writing my final post of the week, I’ve just come to the realization that all 3 of my daily posts this Friday mention leading Internet firm Tencent (HKEx: 700), which has just announced a massive bond issuing program almost certainly aimed at future M&A. Perhaps it’s not surprising that Tencent’s name is showing up in almost everything related to the Internet in China these days, since the company is quickly becoming the nation’s dominant online company alongside leading e-commerce firm Alibaba and search leader Baidu (Nasdaq: BIDU). Read Full Post…
