Alibaba shares drop 5% as its slashes guidance and earnings plunge on China’s slowdown

Post published:November 18, 2021
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[ad_1] Signage for Alibaba Group Holding Ltd. displayed at the company's headquarters in Hangzhou, China, on Wednesday, Nov. 10, 2021. Alibaba's annual 11.11 Singles' Day online shopping bonanza, one that…

Alibaba, JD smash Singles Day record with $139 billion of sales and focus on ‘social responsibility’

Post published:November 12, 2021
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[ad_1] GUANGZHOU, China — Chinese e-commerce giants Alibaba and JD.com set new sales records across their platforms on Singles Day, the largest shopping event in the world.Shares of both companies…

China’s JD.com smashes through its Singles Day record with $48.7 billion in sales and counting

Post published:November 11, 2021
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[ad_1] GUANGZHOU, China — Chinese e-commerce giant JD.com has racked up 311.4 billion yuan ($48.6 billion) in sales across its platforms as of 14:09 p.m. Beijing time during the Singles…

E-commerce giant JD starts accepting China’s digital currency on Singles Day for the first time

Post published:November 11, 2021
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[ad_1] GUANGZHOU, China — JD.com is accepting China's digital yuan for payment on its e-commerce platform during Singles Day for the first time.While China's digital currency, the e-CNY, has not…

JD.com plans to boost overseas investment as China’s e-commerce giants look to challenge Amazon

Post published:November 11, 2021
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[ad_1] GUANGZHOU, China — JD.com plans to increase investment overseas, one of its top executives told CNBC, as Chinese e-commerce giants look to tap international users.The technology giant has been…