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JD.com pledges $3.12 billion housing support for couriers [Yahoo! Finance]
Last jd.com, inc. - american depositary shares earnings: 3/2 05:03 am
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US:NASDAQ Investor Relations: ir.jd.com
JD.com's move, announced in ?a post on its official WeChat account on Friday, follows a similar promise from food delivery firm ?Meituan. Last month, Meituan said it would invest 10 billion yuan over the next five years to build a more comprehensive welfare system for its delivery riders. JD.com and Meituan, along with Alibaba, have this year been locked in a battle for market ?share in the instant retail ?space, which refers to goods delivered within one hour. This rivalry has pushed companies to allocate billions of dollars toward consumer subsidies and ?discounts, squeezing profit margins and prompting regulatory scrutiny. The Chinese authorities have summoned Meituan, JD, and Alibaba, urging them to scale back their rivalry and engage in 'rational competition'. The battle has intensified ?pressure on China's estimated 12 million couriers who zip around on bikes wearing ?their signature bright yellow, red, orange and blue uniforms of their respective employers delivering e
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- JD.com promises $3.12B housing support for riders amid fierce retail rivalry [Seeking Alpha][Seeking Alpha]
- Italy ties JD.com's Ceconomy deal to strict data safeguards [Yahoo! Finance][Yahoo! Finance]
- JD.com buys into Hong Kong Central tower as Lai Sun offloads US$450 million stake [Yahoo! Finance][Yahoo! Finance]
- Is JD.com Offering Value After a 59% Five Year Share Price Slide? [Yahoo! Finance][Yahoo! Finance]
- JD.com (NASDAQ:JD) was downgraded by analysts at Arete from a "buy" rating to a "neutral" rating. They now have a $32.00 price target on the stock.[MarketBeat]
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