JD PROFIT
Rahul demands JPC on stock market 'Scam'
Rahul Gandhi demands JPC probe into ₹30 lakh crore stock scam involving PM Modi and Amit Shah giving investment advice. The scam led to a massive stock market crash on election result day, causing losses to investors.
Chinese ecommerce giants face delicate balance between discounts, profit
Alibaba's earnings reports are crucial indicators for China's consumer sentiment, influenced by competition from Pinduoduo and Douyin. The demand for discounts affects revenue and profit margins, posing challenges for selling premium products.
China's JD posts higher Q3 profit as supply snarls ease, revenue misses estimates
The company has seen challenges in China's rapidly changing ecommerce landscape, with the joining of livestream players and short video social networking service providers such as Douyin, which is China's TikTok, and Xiaohongshu.
H&M profits impress despite September sales slowdown
H&M, whose biggest rival is Zara owner Inditex, said September sales would fall by 10% year-on-year measured in local currencies. That compares with Inditex reporting a 14% rise in sales between Aug. 1 and Sept. 11.
H&M blames warm weather for September sales slide
The company also said it had this month returned to JD.com, one of China's biggest e-commerce marketplaces, after a prolonged absence due to criticism over its stance on alleged human rights abuses in China's Xinjiang region.
ETtech Exclusive: Tiger trail at Flipkart ends with $3.5 billion profits; fund sells remaining stake to Walmart
The US fund exits online retailer with a 4% stake sale to Walmart in final deal of phased selloff.
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Brands focus on stories in refining China livestreaming to boost profits
When tech giant Apple joined China's livestreaming frenzy, a major driving force of the e-commerce boom in the world's second biggest economy, it launched without deep discounts or a celebrity host to pull millions of viewers.
China’s JD.com promotes finance chief to CEO role as Xu Lei resigns
Xu Lei, who has officially been CEO for a year, said on a call with analysts after the company reported first quarter earnings that he had resigned to spend more time with his family.
China's JD.com reports higher fourth-quarter adjusted profit
Revenue rose 7.1% to 295.4 billion yuan in the three months ended December, missing analysts' estimates of 296.17 billion yuan, according to Refinitiv data.
Wall St dips after Goldman profit miss, China concerns weigh
The Dow Jones Industrial Average fell 80.29 points, or 0.23%, at the open to 34,222.32
CMA fines three firms for fixing Rangers FC merchandise price
The Competition and Markets Authority has fined many firms like Elite Sports, JD Sports and Rangers for trying to fix the prices of several Rangers FC merchandise. The total fine imposed by the CMA has been estimated at over £2 million.
Tencent plans to divest $24 billion Meituan stake: sources
Tencent, which owns 17% of Meituan, has been engaging with financial advisers in recent months to work out how to execute a potentially large sale of its Meituan stake
Alibaba slashes sales outlook as competition bites, demand slows
For the quarter ended Sept. 30, Alibaba earned 11.20 yuan per share on an adjusted basis, missing an average estimate of 12.36 yuan. Revenue climbed 29%, the smallest rise in six quarters, to 200.7 billion yuan ($31.4 billion).
Reliance dials 8888888888 to shop for Justdial
Just Dial has called for a board meeting on Friday July 16 to “evaluate” fund raising proposals. A formal announcement is expected today.
Congress claims vaccination drive not going on properly, JD-U praises PM's leadership
However, BJP ally JD-U's Rajiv Ranjan Singh strongly refuted the charge and commended Prime Minister Narendra Modi for controlling the pandemic.
Chinese regulators to push tech giants to share consumer credit data: Sources
Chinese regulators, including the central bank, plan to instruct internet platforms to feed their vast loan data to some of the nationwide credit agencies.
Alibaba Q1 results: Beats estimates as pandemic fuels online, cloud computing demand
Sales from Alibaba's core commerce business jumped 34% to 133.32 billion yuan ($19.27 billion) in the first quarter ended June.
Buy Just Dial, target price Rs 575: Edelweiss
Just Dial Ltd., incorporated in the year 1993, is a Mid Cap company (having a market cap of Rs 2376.99 Crore) operating in Services sector.
Mukesh Ambani's Jio listing can profit from US-China tech war
Will Wall Street be so hospitable as to give Ambani, say, a $100 billion valuation?
Alibaba revenue, profit beat as online sales surge during lockdown
Alibaba's overall revenue rose to 114.31 billion yuan ($16.02 billion) in the quarter ended March 31 from about 93.50 billion yuan a year earlier.
Dear Alibaba, thank you for the $10 trillion gift
Alibaba has raised about $11-bn in Hong Kong's largest issuance of stock since 2010.
Trade war and censors blow chill wind through China's giant tech scene
Now the market is feeling the pinch. Hiring numbers are down, company margins are thinner and tumbling technology stocks have wiped nearly half a trillion dollars this year.
Mother of all sales: Alibaba goes international to hit new singles' day record
Alibaba Group Holding Ltd. is looking beyond borders to turn its annual Singles’ Day shopping celebration into a global phenomenon.
INC-JD(S) alliance to pip BJP drags Sensex into the red after 400-pt rally
Disappointing macroeconomic numbers and mixed global cues also weighed on the market.
Walmart may get four seats on Flipkart's ten-member board
Walmart is aiming for at least a 55-60% stake in Flipkart in a deal likely to value the company between $18-20 billion.
Valuation crunches don't have to be e-commerce industry's poison pill
Risk capital chases growth and the pullback has triggered a series of valuation markdowns beginning at the top of the industry leader board.
Flipkart investor Tiger Global reduces its stake in Amazon by 67%
Amazon was Tiger Global's second-largest public holding, after it had picked up 2.44 million shares for about $1 billion in September last year.
Looking at scaling up operations and getting more people to use JD Omni: VSS Mani, JustDial
"We thank ourselves that we had the patience to build this product for 14 months and we got something which is really loved by the market."
China's JD.com values its IPO at $23 billion
Jd.com's $23 billion is far behind the $100 billion-plus price tag attached to rival Alibaba. But it leaves room for a decent performance.
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