Carriers
JD.com begins 3x weekly China-US cargo service
Chinese e-commerce company JD.com launches its first cargo flight between China and the US on June 7, Nanjing Lukou International Airport (NKG) and Los Angeles International Airport (LAX). ➤
JD.com
Asia Pacific
JD Logistics aims for $3b Hong Kong IPO next year
JD Logistics, a subsidiary of China’s second-largest e-commerce platform, JD.com, is looking to launch a USD 3.0 billion Hong Kong initial public offering (IPO). ➤
Asia Pacific
JD.com pushes on for $3 billion HK secondary listing
Chinese e-commerce retailer JD.com is proceeding with a secondary listing in Hong Kong within the next few months despite the coronavirus-induce turmoil in the financial markets. The Nasdaq-listed company has confidentially made an application to ➤
Asia Pacific
China e-commerce giant JD.com donate medical supplies to UK
Richard Liu, chairman and CEO of Nasdaq-listed, e-commerce giant JD.com, and his wife, Nancy Zhang, have donated medical supplies to the UK, which is struggling with the COVID-19 outbreak. This donation, facilitated by China Charity ➤
Asia Corner
Coronavirus to peak by end-February UK scientists say
The coronavirus outbreak in Wuhan will peak in mid- to late-February, according to a study by scientists affiliated with the London School of Hygiene and Tropical Medicine. The non-peer-reviewed findings were posted Friday on repository ➤
Asia Pacific
JD Logistics eying overseas IPO with $30 billion valuation
JD Logistics, the logistics unit of China’s second largest e-commerce platform JD.com, is eyeing a potential overseas IPO that could raise between USD 8–10 billion. Reuters is reporting, citing two insiders, that JD Logistics is ➤
Asia Pacific
Richard Liu quietly shuffles roles at China’s JD.com
China’s second largest e-commerce company, JD.com, has been quietly astir with major changes at the top after its founder and chief executive Richard Liu Qiangdong, has discreetly stepped down from a number of key roles. ➤
Asia Pacific
Fresh food e-commerce becoming very big business in China
Fresh food e-commerce in China is forecast to hit a total gross merchandise value (GMV) of CNY 495 billion (USD 72 billion) by the end of 2021, as cool chains improve and hybrid online/offline models ➤
Asia Pacific
Amazon concedes in China e-commerce battle
Amazon will close its domestic marketplace in China in July, ending a rough 15-year battle against Alibaba, JD.com and other up-and-comers in what is soon to become the world’s biggest e-commerce market. The company will ➤
Asia Pacific
Chinese e-commerce platform JD.com to cut 10% of executives
E-commerce group JD.com plans to cut 10 per cent of high-level executive jobs this year, as it struggles with sluggish sales in the wake of a slowing Chinese economy. “The move is part of our ➤