JD Group announced that it has raised $2.5 billion by selling stake in JD Logistics. After the transaction completes, JD Group will hold 81.4 percent of JD Logistics equity.
After a chilling 2016, the capital markets became more rational in 2017. The overall trend remains unclear, but investors seem willing to back projects that show clear rewards. This has led to broad heavy investment, creating more unicorns than previous years.
2017 was a year of great changes in China’s retail industry. New retail methods, new industry definitions, new categories and new technologies emerged.
Richard Liu, founder and CEO of JD.com, said the company plans to challenge Amazon in Europe in 2019 and to spread across the continent within a few years. Liu said the JD.com would launch its ecommerce platform and distribution services in France, then expand to the UK and Germany.
Shares of JD.com hit a record high on Janary 27 after rising steadily since December 2017. The price started at $48.23, broke through the $50 mark and closed at a record high of $50.5 a share.
French President Macron is on a state visit to China. Under his witness, JD.com group signed memorandums of understanding with Business France and the French industrial engineering group Fives.
Missfresh partner Xiao-hui Xu announced at the Third A20 New Agricultural Festival on December 24 that Missfresh would complete a new round of financing next week. The capital obtained will be used for unmanned convenience sales.
Idlefish is teaming with 50 organizations, including CACE (China Association of Circular Economy), Igooma, Youdemai, Aihuishou, Huishoubao, Yxianypin, Yueren, Souche, Zhima Credit and Ant Forest, in a movement toward an “idle-free society.”
Xiaomi may be the most shining Internet company of 2017. Relying on Mi MIX 2 and eco-chain, the brand has won back fans and cultivated a good reputation. Xiaomi‘s mobile phone sales are back in the world’s Top 5 and it met a sales target of hundreds of billions yuan two months ahead of schedule. […]
Tencent, JD.com and Vipshop announced that Tencent and JD.com would invest US $863 million in Vipshop. After investment, JD.com is making a leap toward its goal of “selling clothes on JD.com”.
Media were impressed with the 80-million-yuan lavish launch event for the ES8 in Wukesong Venue. There is no doubt NIO raised more investment and spent more money than any other automotive start-up in China. Since its establishment, NIO has raised more than US $2 billion.
Tensor Flow, Google AI learning system, had significant security flaws. When using this system to edit the AI scenarios, it is likely to suffer malware attacks, according to Tencent’s Blade Team, the company’s security platform department.
At the annual staff meeting on December 15, Tencent chairman and CEO Pony Ma, President Martin Lau, COO Ren Yuxin and Senior VP Zhang Xiaolong spoke about the company’s performance and the year ahead.
SF Express Holding announced its wholly owned subsidiary Shenzhen SF Tyson Holdings had signed a cooperation agreement with the Hubei Provincial Government. SF will build the world’s fourth and Asia’s first professional freight airport in Ezhou.
Xiaomi‘s CEO Lei Jun announced that Youpin, once belonging to Xiaomi Internet of Things (MIoT) team, will become an independent e-commerce department in an internal letter on the night of December 12.
According to official website of the State Post Bureau, monitoring data showed that postal enterprises received 243 million packages on December 12, a 38 percent increase from last year.
Ant Financial announced in Hong Kong that four local wallets in Hong Kong, Thailand, India and the Philippines – Alipay HK, Paytm, GCash, and Truemoney – participated in the Double 12 Shopping Festival for the first time.
JD.com logistics CEO Wang Zhen-hui said at 2017 NewGen Logistics World Summit on December 11 that due to consumption, industrial upgrades and technological advancements, the logistics industry is entering a new era defined by short chains, smartness and symbiosis.
China (Changsha) Intelligent Manufacturing Summit witnessed the signings of 14 major project contracts with a total investment of 34.3 billon yuan, on December 6. Among the investments was 10 billion yuan from JD.com for the Changsha Economic and Technological Development Zone.
JD Group and Central announced the launch of a new online retail platform to serve consumers in Thailand and Southeast Asia on November 2. The platform is branded JD Central and available online at JD.co.th. Richard Liu said Thailand’s resources and location will allow the platform to serve most of southeast Asia.
