Online retailer JD has struck a new strategic partnership deal with Sina Corp dubbed “京浪计划” (the JD-Sina Program; our translation) local media is reporting. Sina is the newest member of the JD alliance, joining other big-name members including Jinri Toutiao, Baidu, Qihoo 360, NetEase and Sougou. Both JD and Sina are expecting to get a … More JD forms new strategic partnership with Sina
Retail investments benefit Tencent in three ways: mobile payment and related financial services, cloud development and advertisement, according to the tech giant’s Founder and CEO Pony Ma. Ma’s comments come as Tencent accelerates its investments in the retail sector, a move seen to rival and take market share from China’s largest retailer Alibaba Group. “People … More Tencent’s Pony Ma Says Retail Investment Grows Online Advertising, Mobile Payment
Chinese investment banking firm China International Capital Corporation Limited (CICC) and China National Cereals, Oils and Foodstuffs Corporation (COFCO) are in talks to lead a RMB13 billion (US$2 billion) round in Chinese e-commerce giant JD.com Inc.’s financial services spin-out, JD Finance, according to China Securities Journal, a Xinhua News Agency-controlled newspaper. CICC, COFCO and JD.com … More CICC, COFCO Said To Invest $2B In JD Finance At $26B Valuation
JD has been aggressively entering offline stores keeping pace with its biggest rival Alibaba. Its newest deal is with FamilyMart, Japan’s second largest convenience store chain after 7-Eleven. JD’s new cooperation deal means that users will be able to order goods through JD’s O2O service Jing Dong Dao Jia (京东到家 or “Door-to-Door JD”). Goods will … More JD’s O2O service inks new deal with brick-and-mortar store chain FamilyMart
JD.com, one of China’s largest e-commerce companies, is launching a new Beijing-based accelerator program for artificial intelligence and blockchain startups. Called AI Catapult, its first batch includes six companies: Bankorus, CanYa, Bluezelle, Nuggets, Republic Protocol and Devery. In an announcement, JD.com said startups will work with its operational teams to “test real-world applications of their … More JD.com’s new accelerator focuses on blockchain startups
Chanel has teamed up with Farfetch to develop new digital initiatives, the famously techno-cautious brand announced last week. Chanel has stopped short of selling its items on Farfetch, but the collaboration nevertheless brings the luxury brand much closer to one of Farfetch’s major shareholders, JD.com and its luxury e-commerce platform, Toplife. While other luxury brands … More Chanel Teams Up With Farfetch. Will China’s Toplife Be Next?
JD.com, the Chinese e-commerce giant that is Alibaba’s closest rival, is raising giving its logistics spin-out business a huge boost after it announced that the unit is raising $2.5 billion. JD Logistics, which became a standalone business last April, is raising the investment capital from a range of backers who include Hillhouse Capital, Sequoia China, China … More JD.com’s logistics business raises $2.5B from Hillhouse, Sequoia China and others
JD.com, Chinese leading e-commerce company, on Monday announced it had opened an office in Paris “to develop its French brand portfolio and …ramping up its European presence.” Calling the Paris office as “an important milestone,” the Chinese firm said “a French presence will give the company an in-depth understanding of the development ambitions of its … More Chinese E-commerce Giant JD.com Launches Paris Office to Recruit French Brands
Chinese e-commerce platform JD.com will collaborate with Meili on a new fashion e-tail venture, which will reportedly be run as a WeChat mini-program. The venture is set to make its debut after Chinese New Year. Meili (美丽联合集团) is a company that formed when social e-commerce site Mogujie (蘑菇街) bought out rival Meilishuo (美丽说) in 2016. … More JD.com Partners with “China’s Pinterest” on New WeChat Sales Venture
The competition between luxury brands has been intensified. Whether you are in online or offline the situation is pretty much the same. Some of global brands are pretty nicely in both channels and even know the tricks to use in WeChat. However, the question is should you use your own ecommerce site or use the … More Should luxury brands open their own ecommerce sites or use major third-party marketplaces? What you think?