Category China

Alibaba (+56%) Grew Faster Than JD.com (+44%), and Has Better Gross Margins

Compare JD.com‘s Q2 numbers to Alibaba‘s. Alibaba‘s revenues jumped 56 percent to 50.1 billion yuan ($7.51 billion) (with profits nearly doubling). Meanwhile, JD.com had in Q2 2017 revenues grow 44% year-over-year (YoY) to 93.2 billion yuan ($13.7 billion). The Street on the differences between Alibaba and JD.com: [Alibaba] reported 56% year-over-year growth in revenue to […]

JD.com Grows Orders by 41% and Customers by 37%, Fulfillment Costs Rise by 39% YoY in Q2

The highlights from JD.com‘s Q2 2017 numbers: Orders rose by +41% YoY Customer accounts increased to 258.3 million (+37% YoY) Mobile orders now make up 80%, an increase of +42% YoY More at China Internet Watch: JD’s GMV for Q2 2017 increased by 46% to 234.8 billion yuan (US$34.6 billion) from 160.4 billion yuan in […]

Why JD.com Needs Those Cooperations With Baidu, WeChat & Toutiao

Baidu is the latest company JD.com is cooperating with on mobile. Bloomberg: Under the arrangement, users browsing for product information on Baidu’s mobile search app can now access a dedicated section to buy items directly from JD, China’s second-largest e-commerce provider. By encouraging users to stay within its app and make purchases, the search giant […]

China’s Hottest Internet Sector Is Food Delivery

Last week, we reported that Ele.me is in talks to merge with Baidu’s Waimai. This would create a giant in the space. Ele.me already has 28 million monthly active users as of May. Here is Bloomberg with the market context: The population of people who rang up meals from phones and computers surged 41.6 percent […]

Alibaba Leads $300M Round in Yiguo, China’s Largest B2C Food Marketplace

Alibaba is, again, investing in Yiguo. The newest $300 million round, led by Alibaba, is the fourth round Alibaba is investing with into Yiguo. From Alibaba’s Alizila Magazine: Alibaba Group said Thursday it led a $300 million, D-round investment in Yiguo.com, China’s largest B2C fresh produce online marketplace. Yiguo delivers perishable goods, such as fruits, […]

A Chinese Food Delivery Giant in the Making: Ele.Me in Talks to Merge With Baidu Waimai

Ele.me is China’s largest food delivery service, and the company is about to get significantly larger soon. China Money Network: As of last December Ele.me and Baidu Waimai were ranked as the first and third largest food delivery apps in China, with 36.5% and 17.3% market shares respectively. Meituan Waimai was ranked second with 33%, […]

This Chinese Startup‘s Stores Are Like a Mashup of Amazon Go and the Treasure Truck

Tech in Asia is reporting on Bingobox, a Chinese startup building Amazon Go like technology. Bingobox is already operating a handful of stores in Zhongshan, where Bingobox is also based, and recently launched the first one in Shanghai. Bingobox stores look a little less ‚glamourful‘ than Amazon Go and run, expectedly, on WeChat. Customers have […]