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JD.com

Hong Kong stocks hit by geopolitics as China’s biotech companies in US lawmakers’ cross hairs

by Anas Siddiqui
Hong Kong stocks hit by geopolitics as China’s biotech companies in US lawmakers’ cross hairs

Hong Kong stocks slipped amid heightened geopolitical tensions after a US Senate committee advanced a bill targeting Chinese biotech companies. Wuxi Biologics and Wuxi AppTec plunged following the proposal. The …

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JD.com’s fourth-quarter revenue beats estimates helped by focus on lower prices

by Anas Siddiqui
JD.com’s fourth-quarter revenue beats estimates helped by focus on lower prices

JD.com reported revenue of 306.1 billion yuan (US$43.1 billion) for the fourth quarter, an increase of 3.6 per cent from the same period a year ago and above expectations, bolstered …

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Alibaba tests generative AI tools for Taobao and Tmall merchants as new tech arms race heats up China’s e-commerce sector

by Anas Siddiqui
Alibaba tests generative AI tools for Taobao and Tmall merchants as new tech arms race heats up China’s e-commerce sector

The generative AI tools provided by Huiwa, operated by Alibaba subsidiary Hangzhou Lianfan Information Technology, enable merchants to create both text and graphics content. Alibaba owns the South China Morning …

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JD.com considers takeover bid for UK electronics retailer Currys as China’s e-commerce giants look overseas

by Walter Watson
JD.com considers takeover bid for UK electronics retailer Currys as China’s e-commerce giants look overseas

JD.com, founded by Chinese billionaire Richard Liu Qiangdong in 1998, is considering a bid for UK electronics retailer Currys as China’s e-commerce giants continue to look for overseas growth amid …

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China’s internet giants must step up opening their ‘walled gardens’, state media says, ahead of Tencent flagship game’s return to Douyin

by Anas Siddiqui
China’s internet giants must step up opening their ‘walled gardens’, state media says, ahead of Tencent flagship game’s return to Douyin

“In the future, internet companies need to be more open-minded and inclusive to promote truly win-win cooperation in the industry,” the Securities Times article said. Increased collaboration between China’s major …

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Apple gets deeper into China’s smartphone price wars with widening iPhone discounts, but rival Huawei stays above the fray

by Anas Siddiqui
Apple gets deeper into China’s smartphone price wars with widening iPhone discounts, but rival Huawei stays above the fray

Apple’s atypical discount drive on the mainland shows the US tech giant’s focus to gain ground in the world’s second-biggest economy amid sluggish global iPhone sales, which has seen the …

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China price wars help spark US$157 billion rout in mainland consumer stocks, as firms including Alibaba, Yum China and BYD drag the market

by Anas Siddiqui
China price wars help spark US7 billion rout in mainland consumer stocks, as firms including Alibaba, Yum China and BYD drag the market

Gauges of consumer stocks have been the worst performers on the MSCI China Index since the end of September, after the real estate measure. The aggregate market value of companies …

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China’s Big Tech firms from Tencent to Alibaba cut external investments further in 2023 amid troubled economy

by Anas Siddiqui
China’s Big Tech firms from Tencent to Alibaba cut external investments further in 2023 amid troubled economy

China’s internet giants from Alibaba Group Holding to Tencent Holdings slashed external investments last year amid an economic slowdown, regulatory headwinds and geopolitical tensions, according to data compiled by a …

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China rich list compiler Hurun clarifies Tsinghua graduate Zhang Zetian’s ranking to quell online controversy

by Anas Siddiqui
China rich list compiler Hurun clarifies Tsinghua graduate Zhang Zetian’s ranking to quell online controversy

The Hurun Research Institute, a rich list compiler run by Rupert Hoogewerf, has clarified its decision to list Zhang Zetian, wife of Chinese tech billionaire Richard Liu Qiangdong, as the …

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Alibaba’s Taobao and Tmall Group pushes new AI tools to boost merchants’ service to consumers in first major move after leadership reshuffle

by Anas Siddiqui
Alibaba’s Taobao and Tmall Group pushes new AI tools to boost merchants’ service to consumers in first major move after leadership reshuffle

The Taobao and Tmall Group (TTG) unveiled the new AI features, which are designed to improve services and attract new customers, at its “sellers’ conference” held on Tuesday in Hangzhou, …

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