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Deutsche Post Tests Deliveries With Drones

China's JD.com to Open 150 Drone Delivery Operation Sites by 2020

Apr 10, 2017 04:27 AM EDT

Chinese e-commerce giant JD.com revealed on Thursday its plan to build 150 operation sites for unmanned aerial vehicle delivery in the southwestern province of Sichuan. JD.com CEO Richard Liu said the airports are expected to open in 2020.

Lotte World Tower Under Construction Previewed

Lotte's China Website Hacked as Protest Against THAAD Deal

Prei Dy |

Mar 02, 2017 12:00 AM EST

The Lotte Group admitted on Wednesday that anonymous Chinese hackers have attacked its website in China, a day after it signed a deal to sell its land for a US missile defense system in South Korea. The retail giant's official website www.lotte.cn has remained inaccessible to visitors since late Tuesday afternoon.

China's JD.com launched its drone delivery program to cater to customers living in rural China.

China’s JD.com Unveils Drone Delivery Program for Rural China

S. Rina |

Nov 15, 2016 08:19 PM EST

Chinese tech company JD.com unveiled a trial run for its drone delivery program in rural China. The company carried out the tests in Jiangsu, Sichuan, and Shaanxi provinces as well as outside of Beijing during the Singles Day event last Friday.

The company reported that it processed $18 billion worth of trade during the day

Alibaba Posts Record Turnover for Singles Day

S. Rina |

Nov 13, 2016 01:48 PM EST

Chinese e-commerce behemoth Alibaba broke records on Singles Day. The company reported that it processed $18 billion worth of trade on the day, showing a 32 percent increase over the previous year figure of $14.3 billion. The company also reported that 82 percent of the purchases were made from mobile devices.

China Cautions Online Retailers Against Suspicious Singles Day Sales Tactics

S. Rina |

Nov 09, 2016 04:12 PM EST

Chinese business regulators have issued a stern warning to online retailers. Major e-commerce companies such as JD, Amazon, and Alibaba Group Holding have been told to refrain from adopting dubious sales practices during the upcoming Singles Day festival on November 11.

Marks & Spencer CEO Steve Rowe is scheduled to provide an update to the investors on the company’s plans for its international ventures on November 8.

Marks & Spencer Mulls Closing Stores in China to Cut Losses

S. Rina |

Nov 04, 2016 03:48 PM EDT

Marks & Spencer Group Plc may close some of its stores in China as the company looks to trim its loss-making outlets.

Walmart is looking to strengthen its foothold in China food market with new $50 million investment.

Walmart Boosts Investment in China Delivery Service

S. Rina |

Oct 21, 2016 10:55 PM EDT

Walmart is looking to strengthen its foothold in China food market with its new $50 million investment.

Chinese delivery and logistics giant ZTO Express has announced terms for its IPO.

China’s ZTO Express Aims for Biggest Chinese IPO Since Alibaba

S. Rina |

Oct 16, 2016 09:24 AM EDT

Chinese delivery and logistics giant ZTO Express has announced terms for its IPO. The Shanghai-based company is looking to raise up to $1.3 billion worth of funds from the market. It is likely to be the biggest US IPO for 2016. The logistics firm plans to sell 72.1 million shares in the price bond of $16.50 and $18.50.

JD.com’s online resources will help Wal-Mart to increase online shoppers.

Wal-Mart Increases Investment in China's JD.com

Ellie Froilan |

Oct 10, 2016 06:24 AM EDT

Wal-Mart has increased its investment in China's JD.com, boosting its stake in the Chinese e-commerce giant.

JD CEO Announces Departure, Will Move to the United States

Phenny Lynn Palec |

Aug 15, 2016 04:57 PM EDT

Chinese e-commerce giant JD has announced that its current chief executive officer is leaving for the United States. Current JD CEO Shen Haoyu is moving to the US due to family reasons, and once he has relocated, he will take a lesser position within the company.

JD.com Second Quarter Result Meets Market Expectation

Girish Shetti |

Aug 11, 2016 03:03 PM EDT

JD.com Inc, China's second-biggest e-commerce company, succeeded in trimming its net loss substantially while posting a solid growth in its net profit in the second quarter.

Bitauto’s Subsidy Yixin Capital Raises US$550 From Tech Consortium

Girish Shetti |

Aug 04, 2016 10:30 AM EDT

Bitauto Holdings Limited has announced that it has led a consortium to raise funds for its subsidiary unit Yixin Capital.

Lenovo Partners with JD.com to Push Online Sales

Christian George Acevedo |

Jul 28, 2016 02:15 PM EDT

Lenovo Group, the world's biggest supplier of PCs, has inked a deal with e-commerce website JD.com in a bid to boost its online sales. JD.com, China's second-largest online retailer, recently debuted in Forbes 500 as the first Chinese online e-commerce firm to make it to the prestigious list.

Chinese Online Retailer JD.com debuts on Forbes 500.

JD.com Makes it to Fortune 500; Alibaba, Tencent and Baidu Fail to Land a Spot

Christian George Acevedo |

Jul 27, 2016 10:59 AM EDT

E-commerce website JD.com has debuted as the first Chinese internet firm on the Fortune 500 list. Surprisingly, China's top three Internet companies, Tencent, Alibaba and Baidu, failed to make it to the list, a proof that the list favors revenue over the company's actual value. In fact, a company's business model may have a significant effect on its revenue generation and in the valuation of its true worth.

Temasek Raises Stake in JD.com

Charissa Echavez |

Jul 11, 2016 10:14 AM EDT

Investment firm Temasek Holdings has increased its stake in China's JD.com by 19.84 percent, according to a latest regulatory filing with the Securities Exchange Commission (SEC).

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