Months after it landed a major $550 million investment from Google, China’s JD.com — the country’s second highest-profile investor behind Alibaba — has teamed up with another U.S. tech giant: Intel. JD and Intel said today that they will set up a “lab” focused on bringing internet-of-things technology into the retail process. That could include […]
View More China’s JD.com teams up with Intel to develop ‘smart’ retail experiencesCategory: JD.com
Tencent-backed fleet manager G7 racks up $320M in funding
A sizable funding round is poised to heat up a race to automate China’s logistics infrastructure. Beijing-based fleet management company G7 announced on Monday that it has banked $320 million to drive technological development, bringing its total capital raised to around $500 million. G7, which runs a proprietary connected platform for trucks, shippers, fleet manager and […]
View More Tencent-backed fleet manager G7 racks up $320M in fundingMogu’s long journey: From rejecting Alibaba’s advances to US IPO
Mogu, a Tencent-backed service that offers fashion content and products to young women, has joined a string of Chinese tech companies pressing ahead to sell their shares through initial public offerings in the U.S. before year’s end. Mogu priced its sale at $14 per share on Wednesday, toward the lower end of a marketed range. […]
View More Mogu’s long journey: From rejecting Alibaba’s advances to US IPOAlibaba and Amazon move over, we visited JD.com connected grocery store in China
The arms race to build the future of grocery stores is heating up in China. To no one’s surprise, the main contestants are the country’s ecommerce titans Alibaba and JD.com, which are turning offline for growth. Online retail has flourished in China, but it still accounts for less than 20 percent of the nation’s overall consumption, according […]
View More Alibaba and Amazon move over, we visited JD.com connected grocery store in ChinaAlibaba rival JD sees Singles’ Day revenue jump 27% thanks to offline push
Alibaba may have pioneered the concept of Singles’ Day, the world’s largest shopping day based on sales, but it very much not the only e-commerce giant involved. JD.com, Alibaba’s biggest rival in China, just announced that it sold RMB 159.8 billion ($23 billion) in goods for its Singles’ Day campaign. Unlike Alibaba, which racked up $31 billion […]
View More Alibaba rival JD sees Singles’ Day revenue jump 27% thanks to offline pushAlibaba sets new Singles’ Day record with $31B in sales, but growth is slowing
Alibaba scored another blockbuster Singles’ Day after customers around the world shopped in stores and online on the tenth edition of its November 11 shopping festival. That puts this year’s gross merchandise volume – a measure for the dollar value of total transactions – at a staggering $30.8 billion, although the company recorded its lowest-ever […]
View More Alibaba sets new Singles’ Day record with $31B in sales, but growth is slowingGo-Jek plans to raise $2B more for Southeast Asia ride-hailing battle
Indonesia’s Go-Jek is planning to raise $2 billion from investors to fuel its ride-hailing battle with Grab in Southeast Asia. Go-Jek raised $1.5 billion earlier this year from investors that include Chinese trio Tencent, Meituan and JD.com, as well as Google, Allianz and Singapore sovereign fund Temasek. Now it is planning to raise a further […]
View More Go-Jek plans to raise $2B more for Southeast Asia ride-hailing battleAfrican experiments with drone technologies could leapfrog decades of infrastructure neglect
Jake Bright Contributor Jake Bright is a writer and author in New York City. He is co-author of The Next Africa. More posts by this contributor Harley-Davidson is opening a Silicon Valley R&D center to power EV production With a $10 million round, Nigeria’s Paga plans global expansion Samantha Stein Contributor More posts by this […]
View More African experiments with drone technologies could leapfrog decades of infrastructure neglectChina is beating the US on AI, says noted investor Kai-Fu Lee
America may have created AI, but China is taking the ball and running when it comes to one of the world’s most pivotal technology innovations. That’s according to Kai-Fu Lee, a world-renowned AI expert who founded Sinovation, a China-U.S. fund that raised its fourth fund worth $1 billion earlier this year. Speaking at TechCrunch Disrupt […]
View More China is beating the US on AI, says noted investor Kai-Fu LeeJD.com’s CEO was arrested, then released, by Minneapolis police this weekend on suspicion of alleged sexual misconduct
JD.com’s billionaire CEO Richard Liu was arrested by Minneapolis police late Friday night on suspicion of alleged sexual misconduct. He was released yesterday afternoon around 4 p.m. Today, JD.com, one of China’s largest online retailers, issued the following statement: “During a business trip to the United States, Mr. Liu was questioned by police in Minnesota in […]
View More JD.com’s CEO was arrested, then released, by Minneapolis police this weekend on suspicion of alleged sexual misconductWalmart co-leads $500M investment in Chinese online grocery service Dada-JD Daojia
Walmart sold its China-based e-commerce business in 2016, but the U.S. retail giant is very much involved in the Chinese internet market through a partnership with e-commerce firm JD.com. Alibaba’s most serious rival, JD scooped up Walmart’s Yihaodian business and offered its own online retail platform to help enable Walmart to products in China, both on […]
View More Walmart co-leads $500M investment in Chinese online grocery service Dada-JD DaojiaThere’s more: Google is also said to be developing a censored news app for China
Can Google’s week get any worse? Less than a day after the revelation that it is planning a censored search engine for China, so comes another: the U.S. firm is said to be developing a government-friendly news app for the country, where its search engine and other services remain blocked. That’s according to The Information which reports […]
View More There’s more: Google is also said to be developing a censored news app for China