∗JD.com Archives

JD.com Announces Significant Salary Increase, Frontline Employees’ Remuneration to Double Next Year

On December 27th, JD.com announced that starting from January 1st, 2024, the annual fixed salary for front-line employees in procurement and sales departments will increase by nearly 100%.

JD.com Changes Leadership, CEO Xu Lei Will Retire for Personal Reasons

Chinese e-commerce giant JD.com announced on May 11th that its current CEO, Xu Lei, has resigned from his position due to personal reasons. The company's CFO, Sandy Xu, will take over as the new CEO and Xu Lei will smoothly hand over his responsibilities before retiring in June.

Tencent’s Investment Vehicle Distributes Kuaishou Shares

Parallel Nebula Investment Limited (PNI) has distributed approximately 51 million Class B shares of Kuaishou at the request of certain external capital partners. PNI is an investment vehicle indirectly controlled by Tencent Plus Partners (TPP), which is under Tencent.

JD.com to Launch ChatGPT-style Product This Year

He Xiaodong, the Vice President of JD.com, which is one of China's largest e-commerce companies, announced on April 8 at a summit that the company will be launching an "industrial version" of ChatGPT called ChatJD this year.

Two Subsidiaries under JD.com to Debut in Hong Kong

Chinese e-commerce firm JD.com announced on March 30 that it is planning to spin off its property and industrial units and list them on the Hong Kong stock exchange. JD.com would hold more than 50% of Jingdong Property Inc and Jingdong Industrials Inc after the completion of the spinoffs.

JD.com Sees Stock Price Drop 11% after Releasing Financial Report

On March 9, Chinese e-commerce giant JD.com released its financial results for the fourth quarter and the whole year of 2022. Although the report shows that its overall profitability has improved, its share price fell 11.28% to close at $41.68.

JD.com Begins Largest Ever Promotion to Restore Low-price Reputation

Xin Lijun, CEO of e-commerce giant JD.com's retail arm, on March 7 explained some of the details regarding the the recent discounts across the platform to tap new users.

Former JD.com Technology Head Seeks Talent for Chinese Version of ChatGPT

The call to develop the Chinese version of ChatGPT has resulted in urgent and fierce competition between Chinese tech giants for top AI talent. Zhou Bowen, former chairman of the JD.com's technical committee, lately published a post to recruit R&D and algorithm scientists.

Tesla’s Flagship Store on JD.com Attracted 530K Followers in Three Days

After Tmall, a Chinese e-commerce giant, welcomed Tesla, rival e-commerce platform JD.com also launched an official flagship store for the EV giant and attracted over 530K followers in only three days.

Who Will Be the First Successful Developer of Chinese Version of ChatGPT?

As the discussion caused by artificial intelligence chat robot ChatGPT continues to heat up, the science and technology circle is welcoming the new buzz. Many Chinese tech giants have made great efforts to seize the opportunity to create the first "Chinese version of ChatGPT".

JD.com Founder Richard Liu Returns to China

Richard Liu, the founder and chairman of Chinese e-commerce giant JD.com, was recently spotted arriving at Beijing Capital International Airport.

JD.com Shrinks E-Commerce Business and Strengthens Logistics in Southeast Asia

Chinese e-commerce giant JD.com has reportedly closed its sites in Thailand and Indonesia. In response to a request for comment by Pandaily, the company's spokesperson said that it will continue to serve global markets, including Southeast Asia, through its supply chain infrastructure.

ByteDance’s Douyin App Launches Supermarket Business

Chinese users from all over the country can now access online supermarket shopping services on ByteDance's short video app Douyin.

JD.com to Cut Executive Salary by 10-20%

Richard Liu, the founder of Chinese e-commerce giant JD.com, announced in an email to all employees on November 22 that starting from January 1, 2023, the cash salary of senior managers will be reduced by between 10% and 20%.

Tencent Distributes Meituan Shareholding Worth of $20B

On November 16, Tencent released its financial report for the third quarter of 2022, and announced its decision to distribute most of its shares in Meituan, which will be completed in March next year. Tencent President Martin Lau has resigned as a non-executive director of Meituan.