Alibaba Sales Disappoint While Beijing Tries to Revive Consumers
3 hours ago · By Bloomberg News. November 15, 2024 at 6:41AM EST ... Alibaba and JD.com formed an unlikely alliance to during the downturn. Starting with Singles’ Day, the duo have opened up their in-house logistic services to each other’s shopping platform. JD.com also welcomed Alipay as a new payment option, just as Alibaba deepens collaboration with ...
Alibaba, JD.com claim big win in Singles' Day sales as consumer ...
3 days ago · Taobao and Tmall Group (TTG), Alibaba's domestic e-commerce business unit, on Tuesday said its Singles' Day campaign had "a record number of active buyers", while JD.com reported a more than 20 ...
Alibaba, JD Tout Singles’ Day Highs While China Economy Sags
3 days ago · Smaller rival JD reported customers increased by more than 20%. And Xiaomi co-founder Lei Jun said sales over the four-week promotional period hit a record 31.9 billion yuan ($4.4 billion).
Alibaba, Tencent, JD.com Report After China Unveils Debt Swap …
Nov 8, 2024 · Alibaba Group Holding Ltd., Tencent Holdings Ltd. and JD.com Inc. will shed more light on the growth momentum of Chinese economy, after investors were disappointed by the lack of large-scale ...
Alibaba, JD Tout Singles’ Day Highs While China Economy Sags
3 days ago · Bloomberg News. November 12, 2024 at 5:13 AM ... Alibaba’s shares slid 3.8% while JD’s stock dived 5% in Hong Kong, mirroring a broader market decline. “Singles’ Day, once a very ...
Alibaba, JD and Meituan Surge After China Stimulus Announcement
Sep 27, 2024 · Meituan and JD rose more than 20% in Hong Kong trading across Thursday and Friday, marking each firm’s best two-day performance since 2022, while Alibaba rose as much as 15% over the period.
Alibaba and JD reveal two ways to cope in downturn | Reuters
Aug 16, 2024 · Alibaba is investing in initiatives to boost activity on its Taobao and Tmall shopping sites and apps, including live-streaming and new marketing tools for merchants, as part of an effort to fend...
JD.com wins antimonopoly lawsuit against Alibaba | Reuters
BEIJING, Dec 29 (Reuters) - Chinese online retailer JD.com (9618.HK) said on Friday that it won a lawsuit against rival Alibaba (9988.HK), which was fined 1 billion yuan ($140.68 million) for...
Alibaba and JD miss earnings estimates as China consumption …
3 hours ago · HONG KONG -- Alibaba Group reported a disappointing quarterly performance on Friday amid weak consumption in China. Revenue grew 5% on the year to 236.5 billion yuan ($33.7 billion) in July ...
Alibaba, JD.com Awaken China Tech’s Long-Dormant IPO Machine
Mar 31, 2023 · (Bloomberg) -- Alibaba Group Holding Ltd. and JD.com Inc. have begun preparations for a trio of the year’s biggest Chinese debuts, heralding a wave of initial public offerings that promise to...