Platform Industry: Tencent logo at an event

Tencent hands shareholders $16.4 billion windfall in the form of JD.com stake

Chinese gaming and social media company Tencent will pay out a $16.4 billion dividend by distributing most of its JD.com stake, weakening its ties to the e-commerce firm and raisin...

Alibaba Office Building

China fines tech giants for failing to report 43 old deals

China’s market regulator said it was fining companies including Alibaba, Baidu and JD.com for failing to declare 43 deals that date as far back as 2012 to authorities, saying...

Platform Industry: ByteDance China company building

Tech workers bemoan China’s crackdown on compulsory overtime

The Chinese communist government’s campaign to improve conditions for workers has spurred companies, particularly some of its tech giants, to cut down on long hours of compul...


JD.com adds record new users in Q2 amid regulatory tightening

Chinese e-commerce giant JD.com Inc told investors it does not expect any business impact from a wave of regulations hitting Chinese industry, after beating analysts’ expecta...


Used electronics trading platform Aihuishou to raise up to $1 billion

Chinese electronics trading platform Aihuishou is aiming to raise between $500 million and $1 billion in a US IPO by early June, two people with direct knowledge of the situation h...

Platform News: Ant Group and the FinTech sector in China

China to push its tech giants to share consumer credit data

China intends to push tech giants including Ant Group, Tencent and JD.com to share consumer loan data to prevent excess fraud and borrowing, two individuals with knowledge of the i...

Platform Industry: Tencent logo at an event

China to crank up anti-trust heat on Big Tech after unprecedented fines

China’s unprecedented anti-trust squeeze onto its technology giants isn’t only just beginning.


JD.com becomes first online platform to accept China’s digital currency

Chinese e-commerce company JD.com Inc said on Saturday it has become the nation’s first digital platform to accept Beijing’s homegrown digital currency.

Platform News: China's Weibo listing on the NYSE

Sina to go private in $2.6 billion deal with CEO-led business

Sina Corp, the owner of social media platform Weibo, will be taken private in a $2.6 billion agreement with CEO Charles Chao, the Chinese internet business said on Monday.


JD.com posts upbeat results as online orders surge

China’s JD.com beat analysts’ estimates for quarterly earnings, as the firm benefited from a change in shopping habits of domestic customers who have mostly moved to on...


China’s JD.com raises $3.87 billion in Hong Kong secondary listing

Chinese e-commerce retailer JD.com has priced its shares at HK$226 (approximately $29.16) each and raised about $3.87 billion in its Hong Kong secondary listing, according to peopl...

Platform Industry: Wall Street, IPO's and stock performance

China’s Dada targets IPO on the Nasdaq exchange amid US-China tensions

Chinese online grocery firm Dada Nexus has stated it aims to raise up to $280.5 million in a US initial public offering, attempting a listing on New York’s Nasdaq at a time o...


JD.com to apply for $3 billion Hong Kong secondary listing?

Beijing-based e-commerce giant JD.com is pressing ahead with plans for a secondary listing in Hong Kong within the next few months despite the COVID-19 pandemic still playing havoc...

Platform News: Alibaba online marketplace

Chinese e-commerce giants Alibaba and JD offer bookings for coronavirus tests

Chinese e-commerce giants Alibaba Group Holding and JD have each launched booking services for coronavirus tests, the companies have announced. 


JD.com hires banks for a Hong Kong listing as early as mid-year – sources

Chinese e-commerce retailer JD.com Inc has hired Bank of America and UBS to work on a second listing in Hong Kong, the latest to join the queue of Chinese companies expected to fol...