Chinese E-commerce Giant JD to Issue First HKD Stablecoin on Public Blockchain
Hong Kong is one of the most crypto-friendly countries in the world, with a comprehensive regulatory framework for the issuance and usage of digital assets.
JD.com Launches New Groceries Unit to Compete with Alibaba’s Freshippo
While JD.com’s revenue rose 22.9% year-over-year to 150.28 billion yuan from 122.29 billion yuan, Alibaba’s revenue rose 3% year-over-year to 29.1 billion yuan.
Tencent Q1 2023 Earnings Statement Rides High on Increased Payment Volumes, Ad Sales, Gaming
By Tolu Ajiboye
Chinese tech giant Tencent saw its Q1 2023 revenue jump 11% YoY to $21.4 billion amid relaxed industrial regulations.
‘The Big Short’ Investor Michael Burry Bets Big on Regional Banks amid Ongoing Crisis
By Tolu Ajiboye
Burry increased his stakes in several regional banks in Q1, including NYCB, PacWest, Western Alliance, and First Republic.
China Welcomes Tech IPO Endeavors from Alibaba, JD.com, & Others after Lengthy Spell on Sidelines
By Tolu Ajiboye
Following two years of crackdowns and sanctions, China appears ready to unlock private sector potential via tech IPO developments.
Chinese E-Commerce Giant JD.com Stock Slump amid Subsidy Report
Should JD.com be operating in a whole new niche, the prediction of its ability to bounce back might be somewhat difficult.
JD.com Announces ChatJD Similar to ChatGPT
The new ChatJD by JD.com is applicable in “content generation” and “man-machine dialogue”. It can also be used for “user intent understanding”, “information extraction”, and “emotion classification”.
Chinese Tech Stocks Surge with Approval of Ant Group Capital Plan
Investors celebrated over the hope of a positive regulatory environment for private tech companies in China going ahead.
JD Tech Revives IPO Plans as China Eases Regulatory Crackdown
By permitting companies to seek targeted growth, the expectation is that the economy will become more functional and that it may attract other global players to its shores.
Chinese Tech Giants Buckle in Their Revenue Growth as COVID-19 Policies Weigh In
The first onset of the COVID-19 pandemic was adjudged to be very beneficial to tech giants as many people resorted to the services they provide to survive and get entertainment during the lockdowns. Today, the narrative seems to be changing across the board.
JD.com Beats Expectations in Q2 2022 but Reports Lowest Annual Revenue Growth on Record
By Darya Rudz
For Q3 2022, JD.com is predicting a decline in the revenue. But it is too early now to say how it will go, as the company’s performance will partially depend on the economic situation in China.
Pinduoduo Looks to Expand Its Business to US
Pinduoduo is still one of the few Chinese companies that have its shares traded on a public bourse in America.
Chinese Tech Stocks Rebound as Alibaba, Tencent and Others Release Strong Quarterly Performance
The robust reports on Chinese tech stocks came in the midst of the strict Covid policy in China that has been choking the nation’s economy.
Tencent to Pay $16B of Its JD.com Stake to Shareholders as Dividend
By John K. Kumi
An expert disclosed that Tencent has no plans to exit from other investments since they are not as developed as JD.com.
Hang Seng Set to Remove Evergrande From Its China Enterprise Index
By Tolu Ajiboye
Hang Seng announced that it is pulling beleaguered Chinese property developer Evergrande from one of its indexes, while adding some new companies onboard.