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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)
Two of China’s older Internet names, e-commerce firm Dangdang (NYSE: DANG) and leading video sharing site Youku Tudou (NYSE: YOKU), are showing just how important profits have become for their investors, with shares of each posting big gains after reporting moves into the black after years of losses. In the case of Youku Tudou, the company didn’t actually report a net profit, but said it moved into the profit column on an operating basis in last year’s fourth quarter. Dangdang was more definitive, posting its first net profit since sinking into the red 2 years ago when competition in China’s e-commerce sector first began heating up. Read Full Post…
The following press releases and media reports about Chinese companies were carried on February 28. To view a full article or story, click on the link next to the headline.
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I don’t usually write about the same news twice in a single week, but in this case reports with new details on looming tie-ups involving 4 of China’s top e-commerce firms seem to justify an update. In the larger of the deals, the latest reports say top Internet firm Tencent (HKEx: 700) is nearing a deal that would see it buy 6-20 percent of JD.com, forging a partnership that would create a major new e-commerce contender to rival industry leader Alibaba. In the second update, 2 smaller e-commerce firms, Yihaodian and Dangdang (NYSE: DANG), have confirmed earlier reports that they will announce a major alliance early next month. Read Full Post…
Earlier this week I made a disclaimer about personal ties when I wrote about the latest privatization of a US-listed Chinese firm, and now I’ll make a similar disclaimer for this post about the latest talk of a strategic investment by Yale University in home appliance maker Gree (Shenzhen: 000651). My personal interest in the story comes from the fact that I graduated from Yale many years ago, so anytime I see news of its activities in China I’m naturally interested. But if it’s true, this case could also hint that conservative big western institutional buyers may be eying more direct investments in China. Word of this deal follows news of a similar investment last year by a major western pension fund in JD.com, China’s second largest e-commerce company. Read Full Post…
The following press releases and media reports about Chinese companies were carried on February 21. To view a full article or story, click on the link next to the headline.
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Tencent (HKEx: 700) In Talks For 6 Pct Of JD.com, No Agreement Yet (Chinese article)
InterDigital (Nasdaq: IDCC) Says Won’t Charge High Royalty Fees To Chinese Firms (Chinese article)
Genetically Modified Ingredients Found In KFC (NYSE: YUM) Soy Milk (Chinese article)
Tie-up talk swirls around Tencent-JD.com, Dangdang-Yihaodian
It’s a new day on the Chinese Internet, which is as good an excuse as any to talk about rumors of the latest tie-ups in the overheated e-commerce space. One of the latest pieces of gossip has a partnership taking shape between JD.com and Tencent (HKEx: 700), China’s second and third largest e-commerce operators. The other has an alliance forming between Dangdang (NYSE: DANG) and Yihaodian, 2 smaller players at the bottom of the list of the country’s top 10 e-commerce firms. I’ll offer my own guess that there’s a 50-50 chance the first rumor is true, while chances of Dangdang-Yihaodian tie-up look much smaller, perhaps around 20 percent. Read Full Post…
The pace of new Internet IPOs coming out of China continues to build up steam, with word that yet another e-commerce company has hired investment banks for a mega offering to raise up to $600 million. The move by Jumei.com, an online seller of cosmetics, comes just a week after JD.com, China’s second largest e-commerce firm, made its first public filing for a New York IPO to raise up to $1.5 billion. A new separate report is now saying that JD.com founder and chief executive Liu Qiangdong could enter the realm of China’s richest men following the offering, with his stake in the company expected to give him a net worth of up to $7 billion. Read Full Post…
The following press releases and media reports about Chinese companies were carried on February 14. To view a full article or story, click on the link next to the headline.
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China Auto Market Growth Slows Sharply In January (English article)
Cosmetics Retailer Jumei.com Hires Banks For $600 Mln US IPO (English article)
China Telecom (HKEx: 728), Unicom (HKEx: 762) Plan Q1 4G Launch – Source (English article)
Liu Qiangdong To Be Worth 7 Bln Yuan After JD.com IPO (Chinese article)
Lenovo (HKEx: 992) Projects End to Motorola Losses With China Phone (English article)
The latest earnings season for US-listed Chinese Internet firms has begun with a big yawn, hinting at a looming wave of investor fatigue after a surge in positive sentiment at the end of 2013. I’ve been writing about these companies for quite a while now, and can truthfully say it’s quite common to see their stocks rise or fall by 3 percent or more after they announce their quarterly results. It’s much rarer for shares to remain unchanged after such announcements, though that’s largely what has happened after web portal Sohu (Nasdaq: SOHU) and online real estate services firm Soufun (NYSE: SFUN) kicked off the latest earnings season with release of their fourth-quarter results. Read Full Post…
China was closed for much of last week, but that didn’t some of its top tech executives from emitting a steady stream of tweets on their microblogs regaling followers with tales of their travels over the Lunar New Year holiday. The US emerged as the travel destination of choice for many who favored a destination that has been quite generous towards their sector over the last few months.
Regular tech readers will know I’m talking about the huge success of 5 major Chinese Internet IPOs in New York, many of which have nearly doubled in value since their trading debuts in the last 2 months of 2013. Executives at JD.com, China’s second largest e-commerce company, are hoping to ride that wave of positive sentiment with another New York IPO this year. That pending deal saw one JD.com executive complain of having to take part in a late-night teleconference during the Lunar New Year holiday that I suspect was connected to that upcoming listing. Read Full Post…
I previously predicted that e-commerce giant Jingdong would try to make a IPO in the first half of this year, and now we’re hearing that the company has come out galloping in the Year of the Horse by filing a plan for a major New York listing. Word of the plan comes after a year-end boom for Chinese Internet IPOs in New York, most of which have soared since theirdebuts. Jingdong undoubtedly wants to try to seize some of that momentum, but equally important is keen to make its offering before the highly anticipated IPO of its much larger rival Alibaba expected later this year. Alibaba itself was also in the headlines over the Lunar New Year holiday, with the latest financials on the company adding further froth to its soaring valuation. Read Full Post…
