A logo of Chinese e-commerce giant JD. [Photo/IC] Chinese e-commerce giant JD announced on Tuesday night that it has approved plans to repurchase up to $5 billion of shares from September 2024 through the end of August 2027, a move industry insiders said will shore up investor sentiment and market confidence. The share buyback plan … Continue reading JD approves $5b share buyback plan
Tag: e-commerce
Emirates SkyCargo to support trade across BRI routes
Emirates SkyCargo currently operates 43 cargo flights per week in China, apart from the 63 passenger flights to or from Chinese cities every week, and each can carry between 15 and 20 metric tons of cargo. [Photo/VCG] Emirates SkyCargo, the airfreight division of Dubai-based Emirates Airline, is mulling further exploration of the China market and … Continue reading Emirates SkyCargo to support trade across BRI routes
AI-powered livestreaming rivalries heating up
A seller promotes products through livestreaming in Haian, Jiangsu province, during this year’s June 18 shopping gala. GU HUAXIA/FOR CHINA DAILY Competition in China’s booming livestreaming e-commerce sector has intensified during this year’s June 18 shopping carnival as major online retailers ramped up efforts to promote sales and entice a more diversified customer base via livestreaming … Continue reading AI-powered livestreaming rivalries heating up
Tutor firm chief not satisfied with unit
The products are on display at the exhibition area for East Buy (Dongfang Zhenxuan) platform during China International Fair for Trade in Services in Beijing on Sept 3, 2022. [Photo/VCG] Yu Minhong, founder and chairman of Chinese private tutoring company New Oriental Education and Technology Group, has expressed his dissatisfaction over East Buy, the livestreaming … Continue reading Tutor firm chief not satisfied with unit
Virtual humans helping spur e-commerce
Digital human technologies used for livestreaming sessions are displayed at the 4th China International Consumer Products Expo in Haikou, Hainan province, in April. LUO YUNFEI/CHINA NEWS SERVICE An artificial intelligence-powered digital doppelganger of Liu Qiangdong, Chinese e-commerce giant JD’s founder and chairman, appeared in two of the firm’s livestreaming rooms in April to promote a variety … Continue reading Virtual humans helping spur e-commerce
Forum set to deepen BRI ties and promote infrastructure
The Digital Silk Road Development Forum of the World Internet Conference aims to build a platform for exchanges and cooperation among countries and regions involved in the Belt and Road Initiative, promote the construction of network infrastructure, reduce the digital divide and create a better digital future, according to a senior WIC official. “It is … Continue reading Forum set to deepen BRI ties and promote infrastructure
Upside seen to Alibaba’s scrapped Cainiao IPO
An employee arranges packages at a Cainiao storage facility in Yiwu, Zhejiang province, in July. [Photo/Xinhua] Alibaba Group Holding Ltd’s latest move to scrap a planned initial public offering for its unit Cainiao Smart Logistics Network will help strengthen synergy between its logistics services and e-commerce businesses and expand its presence in overseas markets by … Continue reading Upside seen to Alibaba’s scrapped Cainiao IPO