Category Asia

JD.com CEO Says AI Will Cut Staff by 1/3, Grow Revenue by 1,000% in 10 Years

That‘s quite the quote from JD.com‘s CEO via China Money Network: Chinese e-commerce leader JD.com Inc will see revenue expand by 1,000%, while its employee head count will fall by one third over the next ten years due to the use of artificial intelligence technology, says company founder and CEO Richard Liu. ​Those cuts will […]

Alibaba, Chinese VCs & Chinese Startups Are Working on Amazon Go-Like Stores

We recently talked about Bingobox, the Chinese startup working on more low-tech version of an Amazon Go-like store for China. Bingobox is not the only startup in China working on this. China Money Network: Just two months after Amazon Go’s debut in December, there were four or five Chinese copycat companies in operation. Two have […]

JD.com Is Going Against Alibaba’s Lazada in Indonesia, May Do Local Acquisitions

Great piece at Business of Fashion (by Bloomberg) on JD.com going into Indonesia: To foretell where JD.com Inc. is going to expand in Indonesia, follow the cell phone towers. Wider mobile coverage means more consumers starting to shop online, so the Chinese e-commerce company tracks their construction to decide where to market its web store […]