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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 following press releases and media reports about Chinese companies were carried on October 31. To view a full article or story, click on the link next to the headline.
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In the absence of big company news so far this week, I’ve decided tolook at the scorecard for the flood of technology IPOs over the last 12 months and what it might say about what’s ahead into next year. The record so far looks quite good in general, especially for companies that made a flurry of New York offerings at the end of last year and whose shares have mostly doubled or more since then.
But one notable exception to the trend is mobile games, as 2 of the 3 major players to make recent listings are now squarely in negative territory. That doesn’t bode well for a 3 upcoming similar listings, 1 in New York and 2 in Hong Kong, which appear to be stalling due to the cool investor sentiment. Read Full Post…
Beijing’s notorious smog was thick in the blogosphere this past week, with tech executives sending out a flurry of cautionary messages as the city held its annual marathon. This particular issue shines an important spotlight on the fact that many of China’s top tech firms are clustered in the Chinese capital, running the range from search leader Baidu (Nasdaq: BIDU) to top portal Sina (Nasdaq: SINA) and PC giant Lenovo (HKEx: 992).
Meantime, other interesting buzz in the blogosphere was coming from security software specialist Qihoo 360 (NYSE: QIHU), which finally admitted defeat in its anti-monopoly lawsuit against Tencent (HKEx: 700) after the case was denied a final appeal by China’s highest court. One final interesting tidbit came from several executives at Lenovo, which unleashed a flurry of buzz after the company’s announcement of vague plans to set up a separate unit dedicated to smart devices. Read Full Post…
I’ll admit that I’m somewhat skeptical of e-commerce leader Alibaba (NYSE: BABA) due to its excessive hype and increasing lack of focus, even though the company regularly seems to defy gravity with a sky-high valuation that has made it China’s biggest Internet company. But despite my doubts, I’m actually somewhat upbeat on a new report that says the company aims to export its premier annual sales event as part of a much-needed global expansion to justify its high valuation. At the same time, another report saying the company will spend more than $1 billion on a rural expansion also looks like a smart move, coming a year after a similar expansion by its closest rival JD.com (Nasdaq: JD). Read Full Post…
Senior and mid-level executives from a wide range of Chinese tech firms were on the move this past week, crossing the Pacific to tour some of the top US tech names in Silicon Valley. Stops on the tour, co-organized by a Chinese outfit with the colorful name of Geek Park, included such Internet giants as Google (Nasdaq: GOOG), Twitter (NYSE: TWTR), as well as newer companies like Airbnb and Pinterest, and electric car powerhouse Tesla (Nasdaq: TSLA). But certainly the biggest and most intriguing stop on this Silicon Valley tech tour was a visit to the global headquarters of Facebook (Nasdaq: FB), which also happens to be in the process of opening a China office. Read Full Post…
The headlines are buzzing today about the latest Hurun Report listing the richest people in China, which has a decidedly tech flavor this year that hints at trouble ahead for the overcharged Internet sector. The report has become a gold standard for gauging the latest business trends in China, but is also famous for focusing on industries that have become overheated. That’s not too surprising, since it’s often such overheating that leads to huge surges in company share prices, which are most often the main foundation for calculating individuals’ wealth. This year half of the top 10 richest men in China come from the tech sector. Read Full Post…
With Alibaba’s (NYSE: BABA) blockbuster IPO nearly in the history books, I wanted to take this opportunity to explore what’s ahead for the company as it gets set to break numerous records with its New York listing. One good indicator of what lies ahead would be the performance for shares of other Chinese tech firms that have listed over the last 12 months. But such comparisons have limited value, since Alibaba is clearly in a far different class from all these other companies, following a pricing of its shares that makes it more valuable than such global corporate giants as Amazon (Nasdaq: AMZN) and Disney (NYSE: DIS). Read Full Post…
Conspiracy talk was buzzing through the microblogging realm this past week, as numerous executives weighed in on 2 major news events in the China tech world. One of those saw Apple (Nasdaq: AAPL) finally unveil its new iPhone 6, only to mysteriously yank China from its global launch map without any explanation. The other saw executives speculating on the significance of and reasons behind the surprise defection of Zhang Yaqin, a longtime China-based Microsoft (Nasdaq: MSFT) executive who abruptly left the company for a job at leading Internet search company Baidu (Nasdaq: BIDU). Read Full Post…
The following press releases and media reports about Chinese companies were carried on September 18. To view a full article or story, click on the link next to the headline.
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China’s Wanda Commercial Properties Plans Up To $6 Bln HK IPO (English article)
Two new strikes, one in Shanghai and another in Guangdong, are shining a spotlight once more on the constant challenge of labor unrest in China, following a similar wave of such strikes earlier this year. One of the latest strikes saw thousands of workers go off the job at Wintek (Taipei: 2384), a Taiwanese maker of touch screens and a supplier to gadget giant Apple (Nasdaq: AAPL). The other saw employees walk off the job at a warehouse owned by recently listed e-commerce JD.com (Nasdaq: JD) in Shanghai. Read Full Post…
The following press releases and media reports about Chinese companies were carried on September 12. To view a full article or story, click on the link next to the headline.
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China Misses Out On First Wave Of New iPhone Releases (English article)
Tech Factory Workers Strike In China Over Mooncakes, Benefits (English article)
FAW, Volkswagen (Frankfurt: VOWG) Fined 248 Mln Yuan After Antitrust Probe Of Audi (Chinese article)
McDonald’s (NYSE: MCD) August Sales Metric Hurt By China Scandal (English article)
JD.com (Nasdaq: JD) Responds To Reports Of Strike, Says Has Made Necessary Preparations (Chinese article)
