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JD.com Records RMB 169 bln GMV During 18-day Anniversary Promotion
JD.com, 6/19/20
Chinese B2C e-commerce platform operator and retail infrastructure service provider JD.com (Nasdaq: JD; 9618.HK) announced today that transaction volume on the platform during the company's 618 Grand Promotion anniversary sale (held June 1-18) exceeded RMB 269.2 bln, up 33.6% YoY. Read More
Pinduoduo Subscribes to USD 200 Mln in Gome Convertible Bonds in Strategic Partnership
Pinduoduo, 4/19/20
Chinese e-commerce platform operator Pinduoduo (Nasdaq: PDD) today announced it will subscribe to USD 200 mln in convertible bonds ("CBs") issued by Chinese household appliance and electronics retailer GOME Retail Holdings Limited (0493.HK) as part of a strategic partnership to bring more value-for-money merchandise to Pinduoduo's 585.2 mln users. Read More
JD.com's JoyBuy Starts Trial Operations of Korean-language Version
JD.com, 3/31/20
Chinese B2C e-commerce platform operator and retail infrastructure service provider JD.com (Nasdaq: JD) has announced that Joybuy.com, its outbound B2C e-commerce site, began trial operations of a Korean-language version of the platform on March 23. Read More
E-commerce Software and Services Provider ShopEx Wins RMB 700 Mln Series D
36Kr.com, 7/27/17
Shanghai-based e-commerce software and services provider ShopEx Network Technology recently secured RMB 700 mln in Series D funding led by Joy Capital. Read More
Huawei, Midea Cooperate on Smart Home Industry
CWW, 7/13/16
Chinese telecom equipment and terminal manufacturer Huawei Technologies and consumer appliances manufacturer Midea Group (000333.SZ) have signed a strategic cooperation framework, outlining a close partnership in the smart home industry. Read More
Suning Logistics Begins Limited Delivery Services for Tmall Supermarket
Ebrun, 9/21/15
Suning Logistics, a service run by Chinese consumer electronics and home appliance retailer Suning (002024.SZ), has begun handling deliveries for Alibaba Group's (NYSE: BABA) online supermarket platform Tmall Supermarket. Read More
WeChat Launches Smart Hardware Management Solutions Platform
Tencent Tech, 8/26/15
Chinese Internet and mobile services firm Tencent (0700.HK) yesterday unveiled the "WeChat Hardware Solutions" platform for its mobile messaging app WeChat, which will provide WeChat integration for smart hardware devices including air conditioners, routers, home appliances, televisions, toys, battery chargers, health products, and wearables. Read More
Chinese Regulator Approves Xiaomi Investment in Appliance Maker Midea
Yicai, 5/22/15
The China Securities Regulatory Commission (CSRC) has approved Beijing-based Android device maker Xiaomi's plan to acquire 55 mln shares in consumer appliances and air conditioning systems manufacturer Midea Group (000333.SZ) for no more than RMB 1.27 bln. Read More
TMall, Ant Financial to Offer Interest-free Singles Day Loans
Sina Tech, 11/04/14
Alibaba Group's (NYSE: BABA) B2C e-commerce site Tmall announced today a promotion coinciding with China's November 11 "Singles Day" e-commerce holiday. Read More
Alibaba, Midea Partner on Smart Appliances
Sina Tech, 3/17/14
Chinese e-commerce conglomerate Alibaba Group and Chinese home appliance maker Midea have signed a partnership agreement through which the two sides will jointly construct an internet-of-things (IOT) open platform based on Alibaba's AliCloud cloud service, allowing users to communicate with and remotely control their home appliances. Read More
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