Amazon admits defeat against Chinese e-commerce rivals like Alibaba and JD.com [The Verge]
JD.com, Inc. - American Depositary Shares (JD)
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Source: The Verge
Amazon admits defeat against Chinese e-commerce rivals like Alibaba and JD.com is shutting down its Chinese domestic e-commerce business, it told sellers on Thursday. By July 18th, .cn will no longer be open to third-party sellers, meaning it won’t compete with the massive e-commerce giants of China, including Alibaba and JD.com. still plans to let Chinese customers shop at international versions of the site, including the company’s American, British, German, and Japanese marketplaces. says it’s reevaluating its fulfillment strategy in the country to meet those needs. tells The Verge It notes that the business will continue in China in the form of its cloud computing division Web Services, sales of Kindle devices and ebook content, and accessibility to third-party sellers in China who want to reach global buyers. will also continue to operate a limited, cheaper version of its Prime subscription in China that does not include its on-demand video benefits. quietly entered China i
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JD
News
- JD.com, Inc. (NASDAQ: JD) is now covered by analysts at The Goldman Sachs Group, Inc.. They set a "buy" rating and a $37.00 price target on the stock.MarketBeat
- JD.com: Profitable Growth On Sale [Seeking Alpha]Seeking Alpha
- Morning Bid: Tanking Tesla reports, Europe business beats [Yahoo! Finance]Yahoo! Finance
- Morning Bid: Tanking Tesla reports, Europe business beats [Reuters]Reuters
- Why Chinese Stocks Tencent, PDD Holdings, and JD.com Surged Today [Yahoo! Finance]Yahoo! Finance
JD
Earnings
- 3/6/24 - Beat
JD
Sec Filings
- 4/18/24 - Form 6-K
- 4/18/24 - Form 6-K
- 4/18/24 - Form 20-F
- JD's page on the SEC website