Markets

JD.com soars after reporting a surprise profit

Shares of JD.com rose as much as 8% in early trading on Tuesday after the company posted a surprising profit. Analysts had projected a quarterly loss. The company also reported a 23% jump in revenue from the same period last year. The sales growth was driven by new brand partnerships […]
JD.com soars after reporting a surprise profit
Tech

The billionaire founder of Chinese tech giant JD.com is locked in a bitter lawsuit over a rape allegation by a college student: Here’s everything we know about the case

Richard Liu, the billionaire founder of China’s JD.com and one of the richest men in China, is facing a rape accusation in a civil court from a University of Minnesota college student. He denies the allegations. Liu was arrested last summer but was released shortly after. Minneapolis prosecutors also decided […]
The billionaire founder of Chinese tech giant JD.com is locked in a bitter lawsuit over a rape allegation by a college student: Here’s everything we know about the case
Markets

College student files lawsuit against the Chinese billionaire founder of JD.com after US prosecutors declined to charge him over rape accusation

The billionaire founder and CEO of the Chinese e-commerce giant JD.com was arrested in Minneapolis last August after an accusation of rape. Minnesota authorities released Richard Liu Qiangdong without charge the day after the arrest and declined to press charges in December, citing insufficient evidence. His accuser, 21-year-old Liu Jingyao, […]
College student files lawsuit against the Chinese billionaire founder of JD.com after US prosecutors declined to charge him over rape accusation
News

China’s biggest retailer is coming to America with the help of Google

China’s JD.com will soon have a flagship online store on Google. It will be the first time the Chinese e-commerce giant can sell directly to US customers. The partnership was announced in June, when Google invested $US550 million in JD.com. The partnership comes as rising trade tensions threaten to derail […]
China’s biggest retailer is coming to America with the help of Google
Markets

JD.com keeps sliding on reports its CEO could face a first-degree felony

JD.comCEO Liu Qiangdong could face a first-degree felony over a sexual-misconduct allegation, according to the Associated Press and South China Morning Post. Liu returned to China and appeared at an event in Beijing on Tuesday after being detained in Minneapolis, Minnesota on sexual-misconduct allegations over the weekend. JD.com shares trade […]
JD.com keeps sliding on reports its CEO could face a first-degree felony
Markets

China’s largest retailer, JD.com, is opening in Australia

JD.com, China’s largest retailer by revenue, is opening a local business office in Australia. The Australia and New Zealand regional headquarters of the NASDAQ-listed company will be in Melbourne’s Collins Street. “Our customers are demanding more and more high-quality products from Australia and New Zealand, and this move is a […]
China’s largest retailer, JD.com, is opening in Australia