JD.com seeks place at China’s massive takeout dining table
The e-commerce giant is working with major chains and ‘high-quality’ restaurants as it prepares to challenge the duopoly of Meituan and Ele.me Key Takeaways: JD.com has signaled it’s preparing to…
NEWS WRAP: JD.com completes Dada Nexus takeover with privatization bid
The e-commerce giant has gradually boosted its stake in Dada since the intra-city delivery company’s 2020 IPO, and currently holds 63% of Dada’s shares By Doug Young E-commerce giant…
BRIEF: Dada’s margins improve as user base grows
Dada Nexus Ltd. (DADA.US), a logistics company owned by JD.com (JD.US; 9618.HK), on Wednesday reported its revenue fell 7.3% year-on-year to 2.43 billion yuan ($340 million) in the third quarter…
BingEx delivers profitable IPO option for U.S. investors
The intracity courier’s $100 million listing could be the largest by a Chinese company in New York since Zeekr listed in May Key Takeaways: With $388 million in mezzanine financing…
BRIEF: Walmart sells Dada Nexus stake, finalizing divorce with JD.com
Walmart Inc. (WMT.US) has sold its 9.3% stake in Chinese intracity delivery company Dada Nexus Ltd. (DADA) to Dada’s majority stakeholder JD.com (JD.US; 9618.HK), according to a U.S. stock exchange…
Qudian’s latest identity delivers big costs, scant rewards
The former online lender is trying its hand at last-mile delivery services in Australia and New Zealand, but a heavy cost structure raises questions about the business model’s viability Key…
NEWS WRAP: Dada’s loss narrows as it cleans house
The intra-city delivery arm of JD.com said its revenue rose slightly in last year’s fourth quarter, as it seeks to get back on track after a recent accounting scandal …
