On May 11th, Dada Group released its Q1 2023 financial results. In the first quarter, Dada Group's total revenue reached RMB 2.6 billion (about USD 370 million), a year-on-year increase of 27%. The adjusted net loss rate narrowed by over 16 percentage points compared to the same period last year.
On April 22nd, JD Logistics announced that it will gradually introduce 1.5 million units of reusable express packaging and promote a shared recycling model for such packaging.
Dada Group, China's local on-demand delivery and retail platform, announced Tuesday that it is set to advance an autonomous delivery operation open system to normalize the scalable use of unmanned delivery vehicles.
Baidu said on Monday its flagship Baidu App has reached 558 million monthly active users (MAU) in March, with more than 75% of users logging onto the platform every day.
JD.com opened its first fully automated robotics restaurant named “XCafe” on Nov. 10 at the Sino-Singapore Tianjin Eco-city, an emerging environmentally friendly and resource-conserving area of Tianjin City.
JD Logistics successfully made its first unmanned delivery using a company-designed delivery robot at the Chengdu Industry and Trade College (CITC) of Sichuan Province On Oct. 22.
Gucci expressed reluctance on the topic of cooperating with Chinese e-commerce platforms led by Alibaba and JD.com due to concerns of counterfeiting scandals, according to Financial Times.
On the afternoon of Sept. 27, JD.com Inc. announced that the online retail platform JD CENTRAL, built together with Thai conglomerate Central Group of Companies, will officially launch on Sept. 28 in Thailand.
The sexual misconduct allegation against Richard Liu, founder and CEO of China’s e-commerce giant JD.com, has now been handed over for prosecution, according to a statement released by the U.S. Minneapolis police on September 20.
Intel and Nanjing University announced the joint establishment of an Intel Parallel Computing Center (IPCC) at Nanjing University on Sept. 12. The new artificial intelligence (AI) research center will focus on deepening cooperation in the areas of AI research and AI talent cultivation.
Mary Meeker published the 23rd edition of the annual “Internet Trends Report” on May 31, predicting that China and US will both lead the world’s AI technology in five years.
“Alibaba and JD.com have established offices to compete with Pinduoduo.” said Bin Huang, an e-commerce merchant. Relying on WeChat traffic, Pinduoduo has become a black horse within the e-commerce industry.
Beijing-based media group Caixin Global reported that the list of companies issued China Depositary Receipts (CDR) has been released. The companies include BATJ (Baidu, Alibaba, Tencent, and JD.com), Ctrip, Sina Weibo, NetEase and Sunny Optical Technology.
On February 23, JD presented its unmanned intelligent distribution station to be used in the National Civil Aerospace Industry Base in Xi’an, Shaanxi Province.
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.