JD.com Inc (JD.O)
15 Dec 2017
HONG KONG (Reuters Breakingviews) - Alibaba's deal suggests grocery stores are queuing up to check out. The e-commerce goliath agreed to buy 36 percent of Chinese supermarket operator Sun Art Retail for $2.9 billion. To land the stake at a massive discount implies brick-and-mortar store owners see the writing on the wall.
BEIJING China's second biggest e-commerce company, JD.com, reported an unexpected profit in the third quarter, though it lost about 100 merchants to fierce competition in the run-up to this month's Singles' Day shopping extravaganza.
* CFO says "coercive" tactics from rival hurt sales (Adds details from analyst call, context)
* Provides update on further cooperation with Daiso via JD.com
* Q3 revenue RMB 83.7 billion versus i/b/e/s view RMB 83.55 billion
Nov 13 JD.com Inc, China's second largest e-commerce firm, reported a 39.2 percent rise in third-quarter revenue on Monday, beating analyst estimates, as the firm attracted more shoppers.
BEIJING JD.com, China's e-commerce behemoth, said on Sunday that sales for Singles' Day - and its run-up - reached 127.1 billion yuan ($19.14 billion), up 50 percent from a year ago.
BEIJING, Nov 12 JD.com, China's e-commerce behemoth, said on Sunday that sales for Singles' Day - and its run-up - reached 127.1 billion yuan ($19.14 billion), up 50 percent from a year ago.
* JD.COM COMMITS TO PURCHASING MORE THAN $2 BILLION OF U.S. GOODS OVER NEXT THREE YEARS
* JD.com plans to import $2 billion worth of U.S. beef and other food products over three years - WSJ, citing source Source text - http://on.wsj.com/2hbEGqo Further company coverage: (Bengaluru Newsroom)