China’s JD.com said net revenues for the second quarter totalled RMB 287.9 billion (USD 139.7 billion), an increase of 7.6 percent, with the tech and e-commerce giant revealing it has inked a ne…
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JD.com sales up 11 percent on new luxury brand partnerships
JD.com announced its unaudited financial results for the three months ended September 30, 2022. In the third quarter, Fendi, a luxury fashion brand under LVMH, launched a flagship store on […]…
A Cheatsheet: Everything you need to know about the 11.11 Festival
Two of the world’s biggest sales events – Black Friday and Cyber Monday – usually pale in comparison to Singles Day. Known as ‘Double 11’, the festival celebrates singlehood, an […]…
Chinese resale site Plum raises USD 100 million in funding round
Chinese luxury fashion resale platform Plum, also known as Hongbulin, has inked USD 100 million in a series C funding round backed by second-hand trading platform, ZhuanZhuan Group, the company [̷…
What will be the key focus of 11.11 this year?
Alibaba’s 11.11 Global Shopping Festival 2022 kicked off the first check-out period at 8pm Beijing time on October 31. According to the Chinese e-commerce giant,building brand loyalty is a key focus t…
JD. com revenues up 5 percent on strong ‘618’ sales
Chinese e-commerce giant JD.com announced on August 23 its revenues for the second quarter increased 5.4 percent to RMB 267.6 billion (USD 40 billion), on the back of strong sales growth during its an…
Lululemon to launch on JD. com
Lululemon made its formal debut as a digital retailer in the J Shop, a section of JD.com dedicated to fashion and lifestyle that sells both casual and athletic clothing.…
Tmall Hong Kong is reportedly to be shuttered by Alibaba
Alibaba plans to shut down Tmall in Hong Kong on October 30, 2022, according to Technode.com. In May 2021, Alibaba launched the service in partnership with Adidas in the city to sell fresh produce and…
The J Shop Launches First Flagship Store in Chengdu
The J Shop, JD’s upgrade of its Fashion and Lifestyle business, officially launched the first flagship store in Chengdu, one of the largest cities in southwest China. The store offers local customers …
JD.com shows slowest growth ever in 618 mid-year sale
Beginning in 2004 to commemorate JD.com’s founding anniversary, the 618 event is China’s second largest shopping festival after Singles Day in November. However, recent reports show since the COVID-19…