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Monday, September 28


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Chinese Retailer JD.com’s Health-Care Business Plans Hong Kong IPO

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JD Health International Inc., an online health-care business controlled by Chinese online retailing giant JD.com Inc., filed an application to go public in Hong Kong, in a deal that people familiar with the situation said could raise at least $3 billion.The Beijing-based company said it operates China’s largest online retail pharmacy by revenue, and provides health-related services including online consultations with doctors and medical-appointment scheduling. Alibaba Health Information Technology Ltd. , a Hong Kong-listed online health provider controlled by internet giant Alibaba Group Holding Ltd. , has also chalked up large gains. Revenue for the six-month period rose 76% to 8.8 billion yuan, the bulk of which came from sales of pharmaceutical and health-care products that include over-the-counter medicines, prescription drugs, contact lenses and medical devices. U.S.-listed ZTO Express (Cayman) Inc., a Chinese courier backed by Alibaba, will start trading in Hong Kong on Sept. 29, after selling nearly $1.3 billion of stock.

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Tuesday, September 22


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JD.com to Build Apps for China’s Digital Yuan Project: Report

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JD.com to Build Apps for China’s Digital Yuan Project: Report. Chinese e-commerce giant JD.com is reportedly to help the nation’s central bank develop infrastructure for its cash-equivalent digital currency. Reported by local media on Monday, the People’s Bank of China has reached a strategic cooperation agreement with JD.com to co-develop mobile and blockchain technology platforms for the digital yuan initiative. The news comes as the latest instance of the People’s Bank working with commercial enterprises on the digital yuan project, more formally dubbed “digital currency electric payment” (DCEP).

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Monday, August 17


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JD.com Buys $432 Million Majority Stake In Express Delivery Giant

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Chinese e-commerce giant JD.com Inc (NASDAQ: JD) has acquired a controlling stake in Chinese express transport company Kuayue Express Group for 3 billion yuan ($432 million). JD Logistics, the logistics arm of JD.com, will now work with Kuayue Express, a firm regarded as a front-runner in "limited-time express service" — integral to JD.com's idea of same- and next-day delivery. "Kuayue Express is a reliable delivery services provider and industry leader in express courier services with innovative technology and advanced operations," said Wang Zhenhui, CEO of JD Logistics. "The cooperation between Kuayue Express and JD Logistics is expected to rewrite the current competitive pattern of China's logistic market," Kuayue Express said in a statement on WeChat. For JD.com, this acquisition would build on its idea of scaling up from an e-commerce company to one that can exercise control over end-to-end supply chain operations.

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JD.com Sales Beat, Scores $830 Million Hillhouse Investment

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JD.com Inc. unveiled better-than-expected revenue and a major investment from Hillhouse Capital, after China’s second-biggest e-commerce firm rode a bounce-back in spending across its online malls. Shares in JD rose 7.9% in New York after it reported a 34% jump in sales to 201.05 billion yuan ($29 billion) in the June quarter, its fastest pace of revenue growth since 2017. The company also disclosed its JD Health division would get more than $830 million from Hillhouse -- the investment firm founded by Zhang Lei with money from Yale University -- through the purchase of Series B preference shares. Operations in 2Q benefited from pent-up consumer demand due to China’s 1Q lockdown, and strong sales at the company’s “6.18” anniversary promotion, which won’t recur in 3Q. However, the rapid gain of users from lower-tier cities could drive a sustained increase in long-term demand in categories such as consumer goods, fresh produce, household and health-care products.

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JD.com Announces 2020 Second Quarter and Interim Financial Results

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In the second quarter, JD Logistics launched a new Asia No.1 warehouse in Langfang, Hebei province, near Beijing, equipped with the first automated storage and retrieval system for bulky items in Asia’s e-commerce industry, greatly improving efficiency in handling items including air conditioners, refrigerators and furniture. On June 25, 2020, JD.com announced that it has entered into agreements with JD Digits, pursuant to which JD.com will acquire a 36.8% equity interest in JD Digits by converting its profit sharing rights with respect to JD Digits as set forth in the Framework Agreement entered into between the two parties in 2017, and investing an additional RMB1.78 billion in cash in JD Digits to satisfy the minimum capital registration requirement under the PRC laws. In the second quarter of 2020, the company acquired 54% equity interest in Jiangsu Five Star Appliance Co., Ltd. (“Jiangsu Five Star”) from the shareholder of Jiangsu Five Star (the “Seller”) by converting a loan of approximately RMB1.03 billion owed by the Seller to the company and assuming the Seller’s RMB0.4 billion debt owed to Jiangsu Five Star. Since then, Jiangsu Five Star has become the company’s wholly-owned subsidiary. The company defines non-GAAP net income/(loss) attributable to ordinary shareholders as net income/(loss) attributable to ordinary shareholders excluding share-based compensation, amortization of intangible assets resulting from assets and business acquisitions, effects of business cooperation arrangements and non-compete agreements, gain/(loss) on disposals/deemed disposals of investments, reconciling items on the share of equity method investments, loss/(gain) from fair value change of long-term investments, impairment of goodwill, intangible assets and investments, gain and foreign exchange impact in relation to sale of development properties and tax effects on non-GAAP adjustments.

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Thursday, August 13


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New Businesses Strength to Aid JD.com's (JD) Q2 Earnings

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Also, strengthening logistics network in these cities is anticipated to have contributed to the second-quarter performance.Further, the company’s constant focus toward enhancing fast delivery services might get reflected in the to-be-reported quarter’s performance.Additionally, expanding external order volume may have benefited JD.com’s economies of scale in the to-be-reported quarter.Further, growing technology initiatives of the company is expected to have favoured the segment’s user momentum and operational efficiency in the second quarter.Notably, the integration of Artificial Intelligence technology into its warehouse network is anticipated to have continued accelerating the delivery of the company’s direct sales orders services during the quarter under review. All the three stocks sport a Zacks Rank #1 (Strong Buy). Right now, investors in these companies have a shot at serious profits. For example, Zoom jumped 108.5% in less than 4 months while most other stocks were sinking.Our research shows that 5 cutting-edge stocks could skyrocket from the exponential increase in demand for “stay at home” technologies. Click to get this free reportAutoNation, Inc. (AN) : Free Stock Analysis ReportPapa Johns International, Inc. (PZZA) : Free Stock Analysis ReportAt Home Group Inc. (HOME) : Free Stock Analysis ReportJD.com, Inc. (JD) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research View more on Yahoo Finance.

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First Eagle Investment Exits JD,com, Cuts Broadcom

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The trade had an impact of -1.87% on the portfolio. The Chinese e-commerce company has a market cap of $95.14 billion and an enterprise value of $90.09 billion. The largest guru shareholder of the company is Lee Ainslie (Trades, Portfolio)'s Maverick Capital with 1.39% of outstanding shares, followed by T Rowe Price Equity Income Fund (Trades, Portfolio) with 0.82% and Mason Hawkins (Trades, Portfolio) with 0.67%. The return on equity of -3.54% and return on assets of -1.13% are underperforming 71% of companies in the aerospace and defense Industry.

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Wednesday, August 12


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JD.com (JD) to Report Q2 Earnings: What's in the Offing?

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JD.com (JD) to Report Q2 Earnings: What's in the Offing? JD.com, Inc. price-eps-surprise | JD.com, Inc. Quote. JD.com’s strong efforts toward offering services at best price on the back of its scale and lowerprocurement costs from suppliers are expected to have benefited the second-quarter performance.Moreover, its deepening focus toward ensuring supply and fulfillment of essential products to customers during the ongoing pandemic situation might have contributed significantly to the to-be-reported quarter’s results.Further, the company’s JD Retail segment that comprises e-commerce businessis expected to have performed well in the quarter to be reported courtesy of boom in the online retail market as a result of coronavirus induced shelter-in-place restrictions.Additionally, strengthening momentum across lower-tier cities may have driven revenue growth in the JD Retail segment.Strengthening omnichannel offerings of the company are also expected to get reflected in JD Retail’s second-quarter revenues. Here are someother stocks you may consider, as our proven model shows that thesetoo have the right combination of elements to post an earnings beat this quarter.Agilent Technologies, Inc. A has an Earnings ESP of +5.00% and a Zacks Rank #2.

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Thursday, July 16


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Messaging App WeChat Launches 'Minishop' To Compete With Alibaba, JD In China's e-Commerce Sector

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Business owners and merchants on Tencent Holding Ltd's (OTC: TCEHY) messaging application WeChat will be able to build virtual stores using a new tool called "WeChat Minishop" on a trial basis. Jacob Cooke, CEO of WPIC, an e-commerce and marketing company, told CNBC that the Chinese technology giant would be able to harness the treasure trove of consumer data it holds and be able to "recommend e-commerce products similar to what they see in offline purchases that consumers make via WeChat Pay." The messaging platform's users are already exposed to e-commerce while using the app, as they can purchase flight tickets and make payments within the platform. Incorporating e-commerce with the app is likely to present a challenge to Alibaba Group Holding Limited (NYSE: BABA) and JD.com, Inc (NASDAQ: JD), which currently dominate the sector in the country.

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Wednesday, July 08


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The Zacks Analyst Blog Highlights: JD.com, Tencent, Alibaba and Sohu.com

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Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Ma Ting Ting, an analyst for China securities firm Guosheng Securities, added that “the signal from the regulators is clear: They are pushing for the development of margin trading and short selling business in China, and we expect regulators to continue to boost stock market activity and try to guide even more funding from banks and insurers into the stock market.”. Thus, much like Amazon continues to be one of America’s top investments, JD.com is one of best China-based stocks you can own. Lest we forget, Tencent’s shares have gained 41.6% year to date. Sohu.com. Sohu.com Inc. is a leading provider of online advertising, search, media and gaming services in China. Sohu is well poised to benefit from the growth potential of the China online gaming market.

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