China
Alibaba invests $4.8b in share repurchase program to boost shareholder returns
Alibaba invests $4.8b in share repurchase program to boost shareholder returns
The group also acquired 1.249 billion ordinary shares, totaling $12.5b for fiscal year 2024.
Gen-Z favours quality over brand origins: JD chief economist
Advanced digital supply chains offer brands deep insights into consumer behaviour, he said.
JD Super and Quinta do Noval partner to bring premium Portuguese wines to China
It will expand the selection of Portuguese wines on JD Super’s platform.
JD Super partners with leading F&B brands to form Healthy Food Industry Alliance
The alliance involves over a hundred renowned brands in the F&B sector.
Alternative payments lead China's e-commerce with 67.3% share
Bank transfers and payment cards hold a 14.9% share of e-commerce transactions.
China Jo-Jo Drugstores meets Nasdaq's minimum bid price requirement
This follows the company's failure to maintain a $1.00 minimum bid price for 30 consecutive trading days.
China leads US apparel market despite shipment decline
The Asian country's shipment volume was down by 18%.
Alibaba Group to invest $1.1b in South Korea for business expansion
It intends to invest $200m for the logistics hub and $100m to support South Korean SMEs.
JD.com's net income surges 132.8% YoY to $3.4b in 2023
The company’s revenue reached $152.8b, up by 3.7% from 2022.
AS Watson Group names Watsons China co-managing directors
They will replace CEO Kulvinder Birring.
Douyin surpasses JD marketplace in health product sales
It is the second largest platform for consumer health products behind Tmall.
JD.com upgrades ‘Spring Dawn Initiative’ with AI services
It now includes a store launch AI assistant, AI-driven content creation tools, and a digital presenter live streaming service.
JD.com expands free shipping offer
The minimum order value for free shipping is $8.2.
Teddy bear inventor Steiff, Melchers ink partnership for China expansion
Both companies will establish a supply chain and distribution centre in Shanghai.
Omani perfume brand Amouage opens first pop-up boutique in China
The luxury fragrance brand opened its first flagship online store on Tmall Global.
JD.com introduces free at home return service
The “Free At-Home Return” option will be featured on 90% of products on the site.
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