ZDNet — If you still think Chinese tech companies are only about replicating the innovations that others have made, then you’ve got some catching up to do. Today’s Chinese tech sector is filled with a number of disruptive companies that are not only competing but leaping ahead in the race to build better products and use tech to solve important problems.
JD Worldwide, the cross-border online shopping platform of JD.com, reached a strategic cooperation agreement with Japanese daily commodity and cosmetics group Kao. Kao’s official flagship store owned by JD Worldwide will be formally launched in early May 2016 and all the products will be directly supplied by Kao Group. Full financial terms of the deal were not released.
China Tech News — JD and Letv signed a strategic cooperation agreement under which JD.com aims to sell six million Letv smartphones, including three million Le 2 smartphones. Meanwhile, the two parties reached consensus in various sectors, including exclusive sales, product debuts, and policy support. Financial teerms of the deal were not released.
China Tech News — B2C e-commerce giant JD.com announced that they will develop opportunities in the huge Chinese rural market and plan to open physical specialty stores in 10,000 towns in 2016. According to reports in Chinese local media, Yan Xiaobing, JD Group’s vice president and president of the home appliances business unit, said that JD achieved a large growth by developing in the rural market and its home appliances business held nearly 30% share of the Chinese rural market.
Enterprise Innovation — DHL and China’s online direct sales company JD.com are collaborating on a range of cross-border supply chain initiatives that will utilize their respective expertise in logistics and e-commerce. The two companies announced in July 2015 an agreement that would make DHL the preferred logistics service provider for moving American products ordered on JD.com’s US Mall to and from China.
Victor Xu, JD’s president for international business unit, said during an interview that the company will soon launch a brand in Russia. According to reports in Russian local media, Xu said JD plans to develop online video stream media services in Russia. He said they are seeking close cooperation with partners to form development opportunities.
Enterprise Innovation — China will lead the Asia-Pacific region in online spending this holiday season with $150 billion in sales forecast, new research from Adobe Digital Index reveals. China’s booming economy has led to the highest anticipated online spend in the region (55 percent), with nearly half of the country’s consumers surveyed (49 percent) predicting an increase in their online spend for the period.
Nasdaq — BEIJING: JD.com, Inc. China’s largest online direct sales company, today announced its unaudited financial results for the quarter ended September 30, 2015. GMV for the third quarter of 2015 was RMB115.0 billion (US$218.1 billion), an increase of 71% compared with the third quarter of 2014. GMV excluding Paipai.com (“Core GMV”) for the third quarter of 2015 increased by 76% year-over-year to RMB111.0 billion (US$17.5 billion).
Tech In Asia — With Singles Day now fully in the rearview mirror, the folks at JD have finally released the company’s final order count, and it’s impressive. Having collected more than 30 million orders over the 24-hour period, JD has more than doubled its 2014 sales record (last year it wound up at 14 million orders). Like Alibaba, JD had a great day for mobile sales. The company says more than 70 percent of its orders came via mobile.
Omni Channel Media — This week on the 11th of the 11th, shoppers spent $14 billion online in China’s ‘Singles’ Day’ online sales. For comparison’s sake, leader US online retailer Amazon did $18 billion in sales in its most recent quarter. In 2009 ecommerce retail monolith, Alibaba, began to market 11th November – which is not a traditional Chinese festival day – as the anti-Valentine’s Day offering discounts and specials. With an online population of 668 million – the world’s largest – Alibaba’s local competitors have embraced Singles’ Day too.
Times of India — BEIJING: China’s online retail sales fired by firms like Alibaba are expected to rise to $1.6 trillion by 2020 emerging as one of the main growth engines for the Chinese economy, a report said. The e-commerce sales will have penetration rate doubling from the 2014 level to 22%, a report by Bain&Company and Alibaba said.
Deal Street Asia — China plans to crack down on the sale of fake goods online by using cloud computing, big data and tighter rules on user identity in its latest moves to quash counterfeiting. China has been trying to reign in its counterfeiters, who have copied everything from Apple iPhones to Louis Vuitton handbags, since it joined the World Trade Organization in 2001 and was required to adhere to global standards on intellectual property rights.
Times of India — SHANGHAI: China plans to crackdown on the sale of fake goods online by using cloud computing, big data and tighter rules on user identity in its latest moves to quash counterfeiting. China has been trying to reign in its counterfeiters, who have copied everything from Apple iPhones to Louis Vuitton handbags, since it joined the World Trade Organization in 2001 and was required to adhere to global standards on intellectual property rights.
Channel News Asia — SHANGHAI: China plans to crack down on the sale of fake goods online by using cloud computing, big data and tighter rules on user identity in its latest moves to quash counterfeiting. China has been trying to reign in its counterfeiters, who have copied everything from Apple iPhones to Louis Vuitton handbags, since it joined the World Trade Organization in 2001 and was required to adhere to global standards on intellectual property rights.
Times of India — BEIJING: China has over taken the US to become the world’s largest online retail market as its e-commerce revenues grossed $439 million last year constituting 7% of its GDP, according to a new report. The internet has become a critical element of China’s economic progress in the past five years, accounting for 7% of the world’s second largest economy’s gross domestic product (GDP) in 2014, a percentage point higher than the US, state-run Global Times reported, citing a report issued by China Internet Network Information Centre (CNNIC).
China Tech News — Liu Qiangdong, founder of JD, said that considering the extensive influence of American brands, products and market, America is the first choice for JD to build its first branch outside Asia. This new R&D center will help American retailers, business partners and various brands to establish and enlarge their influence in China via the shopping platform of JD.
Venture Beat — JD.com, China’s second largest ecommerce company by sales behind leader Alibaba, on Monday announced the opening of its first U.S. office — a research and development center located in Silicon Valley. The focus is expected to be on cloud computing, mobile applications, and big-data infrastructure.
With news this week of malware infesting Apple mobile apps and a new mobile virus infecting Chinese users’ smartphones, more scrutiny is being placed on Chinese technology firms to help protect netizens. Tencent has taken the lead with the announcement of its Thunder Action. This is the company’s special initiative against Internet phishing, pornography, and malicious information.
Business Insider — Some of the most powerful tech leaders got together in Seattle to greet Chinese President Xi Jinping on his visit to the US Wednesday. And based on the group photo tweeted out by Seattle Times reporter Matt Day, it was a star-studded event:
China Tech News — American beverage provider PepsiCo Inc. and Chinese B2C e-commerce website JD.com have reached a strategic cooperation under which PepsiCo will sell its Quaker high-fiber oat dairy drinks in China for the first time on JD.com. This is reportedly the first time for PepsiCo to launch a product debut via an e-commerce platform outside America. Financial terms of the deal were not released.
WSJ — In late April, Jack Ma, the founder of Chinese electronic-commerce company Alibaba Group Holding Ltd., made a personal pitch to Tadashi Yanai, the head of Asia’s largest apparel maker. Fast Retailing Co. had recently started selling its popular Uniqlo line of clothing on Alibaba’s biggest rival site, JD.com, and sales were brisk. If Uniqlo increased its loyalty to Alibaba’s platform, Mr. Ma and his team told Mr. Yanai, Alibaba would drive more traffic and sales to Uniqlo’s shop there, according to people familiar with the discussions.
Want Chinat Tmes — China’s largest online direct sales company, JD.com, on Monday announced launch of a “US Mall,” where Chinese customers can buy authentic products that are imported from the United States. At the launch event held on Monday, JD.com founder and CEO Richard Liu made a special mention that his company will feature authentic products from Taylor Swift, including a line of clothes that the artist is designing exclusively for JD.com customers.
China Topics — InfoQ’s CNUT meeting with technology leaders in China was considered successful after it was attended by big technology companies such as Alibaba, Tencent, Baidu, Huawei, Ctrip, Meituan, JD and other tech companies in the country. The focus of the meeting, which was held in Beijing Babbitt Internet themed tea house, is about the possible effect of container technologies for cloud computing and its local role in domestic distribution.
Many internet enterprises have begun accelerating their expansion into China’s interior since the second half of last year mainly by developing internet and big data businesses in the region, according to Guangzhou’s 21st Century Business Herald. Major e-commerce player Jingdong Mall set up a direct sales channel for agricultural products in Sichuan province, while the country’s two leading internet firms Alibaba and Tencent have ventured into the big data sector.
The Chinese government says it is allowing foreign companies to fully own some e-commerce businesses in the country, as it looks to bolster overseas investment and boost market competition. Effective immediately, the new ruling applied to “online data handling and trade handling services, though, no details were provided on how existing e-commerce operators would be impacted, reported Reuters.
JD.com , China’s second largest e-commerce site, has agreed to invest HK$1.3 billion ($171million) for a 10% stake in Kingdee International Software Group, as the e-commerce powerhouse forays into software businesses. JD.com purchased shares of Hong Kong-listed Kingdee at HK$ 4.60 each, an almost 10% discount to Kingdee’s closing price of HK$5.11 on Friday.
Cainiao Network, Alibaba’s subsidiary providing logistics services, announced its logistics data on Cuntao, Alibaba’s e-commerce site for villages in rural regions, saying that 13% of Cuntao orders can be delivered on the day they were ordered or the next day, reports Shanghai’s National Business Daily. Since being established in May 2013, Cainiao Network has built up a network that covers 7,600 county-level internet areas, 26,000 town-level internet areas and 190,000 village-level areas, according to Wan Lin, vice CEO of Cainiao Network.
China’s government-run online train ticket sales site 12306 has been causing problems since pretty much the moment it was launched. It broke during its first Spring Festival rush back in 2011, and since then has been the source of a litany of complaints: not processing refunds, cheating customers, promising an app that didn’t materialize for years and then sucked when it finally showed up, breaking again, listing nonsensical departure/arrival times, being associated with corruption, facilitating ticket scalping, shutting down third-party services that fix its bugs, and more.
Chinese B2C e-commerce website JD.com signed a letter of intent with the government of Mayong in Dongguan for JD Group to invest CNY2 billion to build a modern service industrial park in Mayong. By locating itself in Mayong, JD will make Dongguan its important business support point in the South China region and about 50% of the company’s business in this region will be covered by this new industrial park.
Singles Day – November 11 – is right around the corner. And these days in China that means one thing: massive sales on virtually every ecommerce site you can think of. But with massive sales also comes the opportunity for vendors to mislead and swindle consumers into thinking they’re getting a good deal when they’re not. And according to Techweb, China’s State Administration for Industry and Commerce (SAIC) recently held a meeting with ten of China’s top ecommerce companies, including Alibaba and JD, to send a clear message: platforms must take steps before sales are publicized to ensure the deals are legit.