JD.com unit makes $513 million controlling bid in China Logistics

JD Property Group, a subsidiary of JD.com Inc, has made a controlling bid of HK$3.99 billion ($513.45 million) for a 26.38% stake in China Logistics. The offer price of HK$4.35 per share includes a 7.4% premium over the last closing price. Trading of China Logistics shares was halted pending this announcement, with plans to resume trading soon.

JD.com, Inc.

JD.com to Issue Hong Kong Dollar Stablecoin

Chinese E-commerce Giant JDcom to Issue Hong Kong Dollar Stablecoin

Chinese E-commerce Giant JD to Issue First HKD Stablecoin on Public Blockchain

JD.com has announced plans to issue a stablecoin pegged to the Hong Kong dollar, named JD Stablecoin, through its subsidiary JD Coinlink. This move marks JD.com's entry into the digital currency landscape, with the stablecoin maintaining a 1:1 peg with the HKD. The Hong Kong Monetary Authority has included JD Coinlink in its stablecoin sandbox program, indicating governmental support for fintech innovation. However, concerns about transparency in the program have been raised by local lawmakers.

JD Taps into Hong Kong’s Digital Asset Hub with New Stablecoin

Jingdong Coinlink Technology, a subsidiary of JD.com, Inc., has announced plans to launch a stablecoin pegged to the Hong Kong dollar at a 1:1 ratio. This stablecoin aims to provide high liquidity with verifiable reserves and regular disclosures, and will be issued on public blockchains such as Ethereum and Solana. JD.com is among the stablecoin issuers recognized by the Hong Kong Monetary Authority, which is enhancing its focus on digital assets and Web3 projects. This move could significantly influence the digital asset industry.

Michael Burry Invests in JD.com's Stablecoin

Michael Burry just became a crypto investor thanks to this stock position

Investor Michael Burry has gained exposure to the crypto markets through JD.com's stablecoin, despite previously critical views on cryptocurrencies. JD.com remains his largest holding, indicating confidence in the company's direction amidst China's evolving stance on digital assets.

Airstar Bank Partners with JD.com for Payment Solutions

Airstar Bank partners with JINGDONG Coinlink to explore cross-border payment solutions

Airstar, JD.com team up for stablecoin sandbox

Airstar Bank has partnered with JD.com’s subsidiary, JINGDONG Coinlink Technology Hong Kong, to explore new cross-border payment solutions utilizing the upcoming HKD stablecoin. This collaboration aims to address challenges in the cross-border payment sector, leveraging the strengths of both entities to innovate in financial services.

JD.com Initiates 618 Festival, China's Second-Largest Online Shopping Event

How is this year's 618 different for brands? Initial pre-sales results and trends

JD.com initiated the 618 festival, China's second-largest online shopping event after Alibaba's Singles' Day, with major e-commerce platforms including Tmall, JD.com, Douyin, and Pinduoduo collectively recording over $111 billion in gross merchandise volume (GMV) during 618 last year.

JD.com Partners with Inditex to Launch Massimo Dutti Flagship Store

Inditex to launch Massimo Dutti flagship on JD

Inditex partners with JD.com to launch a Massimo Dutti flagship store on JD.com, aiming to establish JD as a platform for international brands, with Massimo Dutti featured during JD's 618 Grand Promotion.

JD.com Stock Price Rises Amid Gains in Hong Kong Stocks

Hong Kong stocks jump amid gains in Alibaba, Tencent driven by service data lift

JD.com's stock price added 2.5% to HK$116.70, driven by service data lift, along with gains in Alibaba and Tencent, contributing to a surge in Hong Kong stocks.

JD.com has partnered with Inditex, the parent company of Massimo Dutti, to launch a flagship store on JD.com's marketplace, offering nearly 1,000 products. This partnership aims to cater to China's digital consumer base, with JD.com's 600 million users, including 36 million paid members. The collaboration will enable Inditex to expand its digital presence in the Chinese market, while JD.com will provide high-quality products to its customers.

JD.com Sees Robust Sales During 618 Festival

Early results of 618 festival signal robust consumption outlook

JD.com's brands saw their GMV quickly surpass 100 million yuan, with livestreaming viewership increasing by 460% and orders surging by 300% compared to the Double 11 sales event, signaling a robust consumption outlook.

JD.com, Inc., also known as Jingdong, is a Chinese e-commerce company that has evolved into a leading technology and service provider with a focus on supply chain innovation and excellence. It operates in sectors including retail, technology, logistics, healthcare, industrial solutions, private label products, insurance, and international ventures.

JD.com, Inc. provides supply chain-based technologies and services in the People's Republic of China. The company offers computers, communication, and consumer electronics products, as well as home appliances; and general merchandise products comprising food, beverage and fresh produce, baby and maternity products, furniture and household goods, cosmetics and other personal care items, pharmaceutical and healthcare products, books, automobile accessories, apparel and footwear, bags, and jewelry. It also provides online marketplace services for third-party merchants; marketing services; and omni-channel solutions to customers and offline retailers, as well as online healthcare services. In addition, the company develops, owns, and manages its logistics facilities and other real estate properties to support third parties; and provides asset management services for logistics property investors. Further, it provides integrated data, technology, business, and user management industry solutions to support the digitization of enterprises and institutions. The company was formerly known as 360buy Jingdong Inc. and changed its name to JD.com, Inc. in January 2014. JD.com, Inc. was incorporated in 2006 and is headquartered in Beijing, the People's Republic of China.

COM:JD

JD.com, Inc.

Last Close

35.19

20/11 21:00

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36.62B

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134.05K

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