“Chinese eCommerce giant JD.com said on Wednesday (March 31) that it had officially sold its JD Cloud and artificial intelligence (AI) business to its FinTech unit for a combined valuation of $2.4 billion” https://www.google.com/amp/s/www.pymnts.com/news/acquiring/2021/jd-sells-off-cloud-ai-units-to-fintech-arm/amp/
Tag: JD.com
JD.com racks up $38B in sales in annual online shopping fest
“JD.com’s annual “618” online shopping extravaganza racked up a total of 269.2 billion yuan ($38 billion) worth of transactions, as consumers splurged during China’s first major e-commerce sale since the pandemic began. This year’s tally was 33% higher than last year’s 201.5 billion yuan in sales. It reflects an increasing shift to online shopping as…
Retails “New Normal” under COVID-19 – Observations from JD.com
“JD.com teamed up with international liquor brands…to host a three hour live show and introduce liquor products for viewers to buy with a single click. During a single show, sales of whiskey products from a single partner increased eight times compared to the previous day.” https://www.essentialretail.com/comments/retails-new-normal-covid19-jdcom/
China’s Alibaba, JD report booming Singles Day sales
“Chinese e-commerce giants Alibaba and JD.com reported nearly $60 billion in sales Monday part way through Singles Day Alibaba said sales by merchants on its platforms totaled 221.6 billion yuan ($31.7 billion) by 6 p.m., passing last year’s total of $30.8 billion. Online sales of goods rose 16.8% over a year earlier in the first…
AI Investments Are Going to Keep Paying off for JD Stock
“According to eMarketer, retail eCommerce sales in China will increase from $1.52 trillion in 2018 to $4.10 trillion by 2023. Therefore, it is entirely likely that JD.com will continue to witness 20% plus top-line growth in the next 3-5 years. Drone deliveries will enable eCommerce to reach relatively remote areas. Approximately 577 million people still…