Tagged: jd.com

Bankorus Partners with New Blockchain Accelerator AI Catapult, Part of JD.com

Bankorus (formerly MiCai), a provider of Robo-advisor solutions to wealth management companies and individuals with a combined AUM of $30 billion, is partnering with AI Catapult, the new Blockchain and AI accelerator created by JD.com. JD.com is one of the largest digital commerce platforms in… Read More

China: WeiyangX Fintech Review

China Financial Stability Committee established in Beijing On November 8th, the China Financial Stability Committee was officially launched. This is a subordinated department under the State Council, of which Vice Premier Ma Kai will serves as the head. To be specific, the committee will be… Read More

JD.com, Central Group & Provident Capital Agree to $500M Joint Venture on Fintech & Ecommerce

JD.com, (NASDAQ:JD), China’s largest retailer, and JD Finance, along with Thailand’s largest retail conglomerate Central Group, and Provident Capital have announced an investment of up to $500 million to establish two joint ventures in Thailand covering e-commerce and fintech services, respectively. According to company representatives, the terms of the agreement indicate… Read More

China: WeiyangX Fintech Review

There May Come the JD Bank JD.com Inc., China’s second-biggest e-commerce player, announced its financial arm was about to launch its own direct bank. After acquiring the banking license, this internet giant announced to cooperate with a domestic traditional bank to open a direct bank,… Read More

China: WeiyangX Fintech Review

Highlights of China’s central bank’s briefing on financial reform & development Last Friday, the People’s Bank of China briefed media on China’s financial reform and developments on the sidelines of the Two Sessions in Beijing.‍ Officials attending the press conference included: Zhou Xiaochuan: Governor of… Read More

Accenture/CB Insights Report: Asia-Pacific Fintech Financing Eclipsed North American Investment in 2016

Global investment in fintech ventures grew 10% in 2016, to US$23.2 billion, driven primarily by a wave of blockbuster deals in China, according to Accenture (NYSE:ACN) analysis of data from CB Insights, a global venture-finance data and analytics firm. Fintech financing in Asia-Pacific in 2016 eclipsed… Read More

China: WeiyangX Fintech Review

JD & UnionPay Cooperate to Create a “Wall Street + Silicon Valley” Fintech Mode On January 4th, China UnionPay and JD jointly announced a new partnership that JD would become a new member of UnionPay’s acquirer team. Both sides will give full play to their… Read More

China: WeiyangX Fintech Review

JD Finance Has Been Carved Out of JD.COM On November 15th, JD.COM announced it would transfer/sell all the shares it held in JD Finance. In other words, JD.COM will no longer be the legitimate owner of JD Finance. This corporate reorganization was said to make… Read More

China: WeiyangX Fintech Review

PowerEgg Drone: Most crowdfunded campaign in the drone industry ever! Up to 30th September, 2016, PowerEgg Drone from PowerVision has raised more than ¥86.3 million (USD $12.87 million), becoming the most funded campaign on JD.com’s crowdfunding platform. The previous record belonged to Niu.com which raised… Read More

China Update: Guidelines, Not Rules Quite Yet for Alternative Finance

  China is the largest market for alternative finance in the world. According to the Cambridge Centre for Alternative Finance (CCAF), China delivered over $100 billion in alternative finance, including peer to peer lending and crowdfunding, in 2015.  This was more than a 3X jump… Read More

Are Chinese Platforms Abandoning the Peer-to-Peer Model?

Following in the footsteps of Chinese internet giants such as Alibaba, Tencent, and JD.com, leading Chinese P2P platforms have begun evolving into one-stop wealth management platforms. Alibaba’s Ant Financial, Tencent’s WeBank, and JD.com’s JD Finance (for some background on these platforms, please refer to a… Read More

Brief: New Android Smartphone Pepsi P1 Debuts on Chinese Crowdfunding Platform JD.com

Just one month after information about PepsiCo China’s smartphone, Pepsi P1, was reportedly leaked to the public, the popular beverage brand announced that it is not only working with a licensing partner to develop a line of mobile phones and accessories, but it has also… Read More

JD.com & ZestFinance Partner on Consumer Credit in China

One of China’s largest direct sales platforms JD.com (Nasdaq:JD), and US based ZestFinance, a have formed an agreement to launch a joint venture called JD-ZestFinance Gaia.  This new partnership is designed to support the development of consumer credit in China.  The combined initiative will incorporate ZestFinance’s… Read More

Global Hardware Platform HWTrek Secures $4M During Series A Funding Round

HWTrek, a platform that provides an ecosystem for digital electronics, announced this week that it has successfully raised $4 million during its series a funding round, which was led by WI Harper and ITIC. According to its description, HWTrek pairs manufacturing experts with project creators to help navigate the… Read More

Cogobuy Implements Strategic Cooperation with JD.com to Create Intelligent Hardware Ecosystem

Cogobuy Group, an e-commerce company dedicated to serving China’s electronics manufacturing industry, announced it has implemented a strategic cooperation with JD.com, Inc. to jointly build out an intelligent hardware ecosystem. Last month, JD.com announced its crowdfunding platform’s official launch while pulling together domestic enterprises to jointly build an Internet ecosystem…. Read More

JD.com Launches Equity Crowdfunding Platform with 11 New Campaigns: Promotes Chinese Entrepreneurship

JD.com, Inc. (Nasdaq:JD), China’s leading online direct sales company, today announced its launch of a series of initiatives to help finance, develop and promote the creation of start-ups in China. The new JD Equity Crowdfunding platform, which builds upon JD.com’s success in the area of Internet finance, is expected to… Read More

JD.com & Grameen Trust Partner Up on Micro-loans for Entrepreneurs

JD.com is moving quickly to leverage their new crowdfunding platform initially titled  “Coufenzi” by signing an agreement to partner with Grameen China, a non-profit and non-governmental group dedicated to eliminating poverty.  JD Crowdfunding will be used to raise money to establish “ground operations” and then… Read More

Xiaomi, JD.COM, GVV Invest in Misfit, Creator of Activity Tracker Shine

Misfit Shine is a wearable activity tracker that successfully raised funding on Indiegogo in early 2013.  The company went the crowdfunding route not for the money but for the marketing exposure for the sleek device.  The product closed its crowdfunding campaign with just shy of… Read More

China Ecommerce Site JD.com Announces Q3 Results

JD.com or JingDong has announced third quarter financial results today delivering a 111% increase in year over year results in Gross Merchandise Volume (GMV) totaling $11 billion (RMB 29 billion).  Net revenues came  in at $4.7 billion an increase of 61% versus Q3 of 2013…. Read More

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