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August 15, 2024August 16, 2024Business, China

JD.com Reports 92% Surge in Quarterly Net Income Amidst Intense E-Commerce Competition

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JD.com profit increase soared by 92% year-on-year in the quarter ending June 30, reaching 12.6 billion yuan (US$1.7 billion). Despite slight revenue growth, this profit surge was due to enhanced operational efficiencies. These efficiencies helped the company navigate the competitive domestic e-commerce landscape. JD.com’s net revenues for the quarter rose by 1.2% to 291.4 billion yuan...

Chinese E-commerce Giant Eyes UK Expansion: JD.com Considers Currys Takeover Bid
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February 21, 2024March 1, 2024Business, China, Tech

Chinese E-commerce Giant Eyes UK Expansion: JD.com Considers Currys Takeover Bid

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As China’s e-commerce titans continue their global expansion, JD.com has set its sights on the UK with a potential takeover bid for electronics retailer Currys. This move could mark a significant shake-up in the British retail landscape, raising questions about competition, consumer benefits, and China’s growing influence in the international marketplace. Currys, currently the UK’s...