China $47 Billion e-Commerce Giant JD.com (Jasmine Investment Development) Buys 50% of Hong Kong 27-Storey Office Building (China Construction Bank Tower) for $450 Million (HKD 3.5 Billion) from Hong Kong Lai Sun Group Listed Companies (Lai Sun Garment International & Lai Sun Development), JD.com Will Own Rights to 12 Floors Including First-Floor Lobby
13th December | Hong Kong
China e-commerce giant JD.com ($47 billion market value) via Jasmine Investment Development has announced to buy 50% of Hong Kong 27-storey office building (China Construction Bank Tower) for $450 million (HKD 3.5 billion) from Hong Kong Lai Sun Group listed companies (Lai Sun Garment International & Lai Sun Development), with JD.com to own rights to 12 floors including the first-floor lobby of China Construction Bank Tower. In 2025 December, JD.com spinoff JingDong Industrials (JDi) Hong Kong IPO share price unchanged on day 1 trading (11/12/25 IPO Price: HKD 14.1, Closing HKD 14.1) at $4.8 billion market value, raising $383 million (HKD 2.8 billion) in the IPO. In 2025 December, JingDong Industrials (JDi) Hong Kong IPO was raising $412 million (CNY 3.3 billion) at $5.5 billion valuation, with expected listing on 11th December 2025. In 2025 November, JingDong Industrials (JDi) received approval for Hong Kong IPO and reported to be raising $500 million at $5.5 billion valuation 2025 December. In 2025 October, JD.com was reported to received an insurance brokerage license in Hong Kong. In 2025 October, China JD Logistics ($10 billion market value) announced to buy China instant delivery business (Dajiang & Dasheng) from parent JD.com ($53 billion market value) for $270 million. In 2025 October, China e-commerce giant JD.com ($58 billion market value) spinoff JingDong Industrials (JDi) filed for a Hong Kong IPO and reported to be raising $500 million at $5.5 billion valuation in 2025 Q4. JD.com was founded in 1998 by Richard Liu Qiangdong who is a billionaire with $6 billion fortune. In 2025 August, JD.com property unit JD Property was planning for a REIT IPO with more than $1 billion portfolio value on Singapore Exchange (SGX) in 2026, in partnership with $152 billion Partners Group (Switzerland private markets asset manager) & EZA Hill Property (Singapore-based investment manager). In 2025 August, China e-commerce giant JD.com bought Hong Kong Kai Bo Food Supermarket, and integrated under JD.com Innovative Retail business group with Kai Bo Food Supermarket founder Lam Hiu-nga appointed as unit head. In 2025 July, JD.com was reported to be not buying 70% stake in Hong Kong Kai Bo Food Supermarket for $509 million, after reports of JD.com buying 70% stake in Hong Kong Kai Bo Food Supermarket for $509 million. Kai Bo Food Supermarket was founded in 1991 in Hong Kong by Lam Hiu-nga & a friend as Zaak Hing Meat Shop. In 2025 June, JD.com announced to launch new projects including securing Stablecoin licenses in major currency jurisdictions to enable instant & low-cost foreign exchange (FX) settlements between businesses, and expecting to reduce cross-border payment costs by 90%. In 2024 December, JD.com ($55 billion) announced to buy 65% of Home Credit Consumer Finance (China) for $454 million (CNY 3.3 billion). Home Credit (China) was established in 2010 as 1 of 4 consumer finance firms licensed to operate in China. Home Credit Vietnam is part of Home Credit Group founded in 1997 in Czech Republic, operating in Asia & Europe and is owned by PPF Group. Home Credit China has served more than 84 million customers in more than 300 cities in China. In 2024 March, Thailand largest bank SCB X has announced to buy the consumer finance business of Home Credit Vietnam for $860 million. Home Credit Vietnam has 15 million customers & 14,000 point-of-sales locations in Vietnam. In 2024 August, Walmart ($599 billion market value) has been reported to be selling its stake in China e-Commerce Giant JD.com ($41 billion market value) for $3.7 billion after a 8-year partnership, with the share sale reported to be priced between $24.85 to $25.85. In 2024 May, Shanghai court has ruled China e-Commerce Giant JD.com not liable to pay China wealth manager Noah Holdings, with JD.com accusing Noah of engaging in malicious lawsuit & misleading public in $4.2 billion fraud during Shanghai court trial. In 2024 March, JD.com listed neighbourhood & delivery platform Dada Nexus has confirmed overstating revenue by $79 million (CNY 568 million) from Q4 2022 to Q3 2023 (1 year), with President He Huijian to resign after the independent review is completed. In January 2024, Dada Nexus was reported to have overstated revenue by $140 million (CNY 1 billion) for 2023 discovered during routine audit (disclosed on 5th January 2024). Dada Nexus share price has decreased -29.7% year-to-date and -74.1% from last 12 months. JD.com current market value is $37 billion (8/3/24) and Dada Nexus market value is $605 million (8/3/24). In January 2024, JD.com had won a $140.7 million (CNY 1 billion) compensation anti-monopoly lawsuit against Alibaba Group filed 6 years ago. Alibaba Taobao & Tmall had required online vendors to sell only using Alibaba platforms. In December 2023, JD.com had accused China wealth manager Noah Holdings of engaging in a malicious lawsuit & misleading public in $4.2 billion fraud (CNY 30 billion) during a Shanghai court trial. Noah Holdings subsidiary Gopher Asset Management had provided financing to Lui Jing (providing Noah with false JD.com documents) & causing over $1.1 billion of losses, and was sentenced to life for fraud. Gopher Asset Management Executive Fang Jianhua had also been sentenced to jail for accepting bribes from Luo Jing. JD.com cited Noah Holdings had been involved in more than 10 similar incidents and had been warned & punished by authorities.
“ China $47 Billion e-Commerce Giant JD.com (Jasmine Investment Development) Buys 50% of Hong Kong 27-Storey Office Building (China Construction Bank Tower) for $450 Million (HKD 3.5 Billion) from Hong Kong Lai Sun Group Listed Companies (Lai Sun Garment International & Lai Sun Development), JD.com Will Own Rights to 12 Floors Including First-Floor Lobby “
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China $47 Billion e-Commerce Giant JD.com Spinoff JingDong Industrials (JDi) Hong Kong IPO Share Price Unchanged on Day 1 Trading (11/12/25 IPO Price: HKD 14.1, Closing HKD 14.1) at $4.8 Billion Market Value & Raised $383 Million (HKD 2.8 Billion) in IPO
12th December – China e-commerce giant JD.com ($47 billion market value) spinoff JingDong Industrials (JDi) Hong Kong IPO share price unchanged on day 1 trading (11/12/25 IPO Price: HKD 14.1, Closing HKD 14.1) at $4.8 billion market value, raising $383 million (HKD 2.8 billion) in the IPO. In 2025 December, JingDong Industrials (JDi) Hong Kong IPO was raising $412 million (CNY 3.3 billion) at $5.5 billion valuation, with expected listing on 11th December 2025. In 2025 November, JingDong Industrials (JDi) received approval for Hong Kong IPO and reported to be raising $500 million at $5.5 billion valuation 2025 December. In 2025 October, JD.com was reported to received an insurance brokerage license in Hong Kong. In 2025 October, China JD Logistics ($10 billion market value) announced to buy China instant delivery business (Dajiang & Dasheng) from parent JD.com ($53 billion market value) for $270 million. In 2025 October, China e-commerce giant JD.com ($58 billion market value) spinoff JingDong Industrials (JDi) filed for a Hong Kong IPO and reported to be raising $500 million at $5.5 billion valuation in 2025 Q4. JD.com was founded in 1998 by Richard Liu Qiangdong who is a billionaire with $6 billion fortune. In 2025 August, JD.com property unit JD Property was planning for a REIT IPO with more than $1 billion portfolio value on Singapore Exchange (SGX) in 2026, in partnership with $152 billion Partners Group (Switzerland private markets asset manager) & EZA Hill Property (Singapore-based investment manager). In 2025 August, China e-commerce giant JD.com bought Hong Kong Kai Bo Food Supermarket, and integrated under JD.com Innovative Retail business group with Kai Bo Food Supermarket founder Lam Hiu-nga appointed as unit head. In 2025 July, JD.com was reported to be not buying 70% stake in Hong Kong Kai Bo Food Supermarket for $509 million, after reports of JD.com buying 70% stake in Hong Kong Kai Bo Food Supermarket for $509 million. Kai Bo Food Supermarket was founded in 1991 in Hong Kong by Lam Hiu-nga & a friend as Zaak Hing Meat Shop. In 2025 June, JD.com announced to launch new projects including securing Stablecoin licenses in major currency jurisdictions to enable instant & low-cost foreign exchange (FX) settlements between businesses, and expecting to reduce cross-border payment costs by 90%. In 2024 December, JD.com ($55 billion) announced to buy 65% of Home Credit Consumer Finance (China) for $454 million (CNY 3.3 billion). Home Credit (China) was established in 2010 as 1 of 4 consumer finance firms licensed to operate in China. Home Credit Vietnam is part of Home Credit Group founded in 1997 in Czech Republic, operating in Asia & Europe and is owned by PPF Group. Home Credit China has served more than 84 million customers in more than 300 cities in China. In 2024 March, Thailand largest bank SCB X has announced to buy the consumer finance business of Home Credit Vietnam for $860 million. Home Credit Vietnam has 15 million customers & 14,000 point-of-sales locations in Vietnam. In 2024 August, Walmart ($599 billion market value) has been reported to be selling its stake in China e-Commerce Giant JD.com ($41 billion market value) for $3.7 billion after a 8-year partnership, with the share sale reported to be priced between $24.85 to $25.85. In 2024 May, Shanghai court has ruled China e-Commerce Giant JD.com not liable to pay China wealth manager Noah Holdings, with JD.com accusing Noah of engaging in malicious lawsuit & misleading public in $4.2 billion fraud during Shanghai court trial. In 2024 March, JD.com listed neighbourhood & delivery platform Dada Nexus has confirmed overstating revenue by $79 million (CNY 568 million) from Q4 2022 to Q3 2023 (1 year), with President He Huijian to resign after the independent review is completed. In January 2024, Dada Nexus was reported to have overstated revenue by $140 million (CNY 1 billion) for 2023 discovered during routine audit (disclosed on 5th January 2024). Dada Nexus share price has decreased -29.7% year-to-date and -74.1% from last 12 months. JD.com current market value is $37 billion (8/3/24) and Dada Nexus market value is $605 million (8/3/24). In January 2024, JD.com had won a $140.7 million (CNY 1 billion) compensation anti-monopoly lawsuit against Alibaba Group filed 6 years ago. Alibaba Taobao & Tmall had required online vendors to sell only using Alibaba platforms. In December 2023, JD.com had accused China wealth manager Noah Holdings of engaging in a malicious lawsuit & misleading public in $4.2 billion fraud (CNY 30 billion) during a Shanghai court trial. Noah Holdings subsidiary Gopher Asset Management had provided financing to Lui Jing (providing Noah with false JD.com documents) & causing over $1.1 billion of losses, and was sentenced to life for fraud. Gopher Asset Management Executive Fang Jianhua had also been sentenced to jail for accepting bribes from Luo Jing. JD.com cited Noah Holdings had been involved in more than 10 similar incidents and had been warned & punished by authorities.
China $47 Billion e-Commerce Giant JD.com Spinoff JingDong Industrials (JDi) Hong Kong IPO to Raise $412 Million (HKD 3.3 Billion) at $5.5 Billion Valuation with Expected Listing on 11th December 2025
4th December – China e-commerce giant JD.com ($47 billion market value) spinoff JingDong Industrials (JDi) Hong Kong IPO is raising $412 million (CNY 3.3 billion) at $5.5 billion valuation, with expected listing on 11th December 2025. In 2025 November, JingDong Industrials (JDi) received approval for Hong Kong IPO and reported to be raising $500 million at $5.5 billion valuation 2025 December. In 2025 October, JD.com was reported to received an insurance brokerage license in Hong Kong. In 2025 October, China JD Logistics ($10 billion market value) announced to buy China instant delivery business (Dajiang & Dasheng) from parent JD.com ($53 billion market value) for $270 million. In 2025 October, China e-commerce giant JD.com ($58 billion market value) spinoff JingDong Industrials (JDi) filed for a Hong Kong IPO and reported to be raising $500 million at $5.5 billion valuation in 2025 Q4. JD.com was founded in 1998 by Richard Liu Qiangdong who is a billionaire with $6 billion fortune. In 2025 August, JD.com property unit JD Property was planning for a REIT IPO with more than $1 billion portfolio value on Singapore Exchange (SGX) in 2026, in partnership with $152 billion Partners Group (Switzerland private markets asset manager) & EZA Hill Property (Singapore-based investment manager). In 2025 August, China e-commerce giant JD.com bought Hong Kong Kai Bo Food Supermarket, and integrated under JD.com Innovative Retail business group with Kai Bo Food Supermarket founder Lam Hiu-nga appointed as unit head. In 2025 July, JD.com was reported to be not buying 70% stake in Hong Kong Kai Bo Food Supermarket for $509 million, after reports of JD.com buying 70% stake in Hong Kong Kai Bo Food Supermarket for $509 million. Kai Bo Food Supermarket was founded in 1991 in Hong Kong by Lam Hiu-nga & a friend as Zaak Hing Meat Shop. In 2025 June, JD.com announced to launch new projects including securing Stablecoin licenses in major currency jurisdictions to enable instant & low-cost foreign exchange (FX) settlements between businesses, and expecting to reduce cross-border payment costs by 90%. In 2024 December, JD.com ($55 billion) announced to buy 65% of Home Credit Consumer Finance (China) for $454 million (CNY 3.3 billion). Home Credit (China) was established in 2010 as 1 of 4 consumer finance firms licensed to operate in China. Home Credit Vietnam is part of Home Credit Group founded in 1997 in Czech Republic, operating in Asia & Europe and is owned by PPF Group. Home Credit China has served more than 84 million customers in more than 300 cities in China. In 2024 March, Thailand largest bank SCB X has announced to buy the consumer finance business of Home Credit Vietnam for $860 million. Home Credit Vietnam has 15 million customers & 14,000 point-of-sales locations in Vietnam. In 2024 August, Walmart ($599 billion market value) has been reported to be selling its stake in China e-Commerce Giant JD.com ($41 billion market value) for $3.7 billion after a 8-year partnership, with the share sale reported to be priced between $24.85 to $25.85. In 2024 May, Shanghai court has ruled China e-Commerce Giant JD.com not liable to pay China wealth manager Noah Holdings, with JD.com accusing Noah of engaging in malicious lawsuit & misleading public in $4.2 billion fraud during Shanghai court trial. In 2024 March, JD.com listed neighbourhood & delivery platform Dada Nexus has confirmed overstating revenue by $79 million (CNY 568 million) from Q4 2022 to Q3 2023 (1 year), with President He Huijian to resign after the independent review is completed. In January 2024, Dada Nexus was reported to have overstated revenue by $140 million (CNY 1 billion) for 2023 discovered during routine audit (disclosed on 5th January 2024). Dada Nexus share price has decreased -29.7% year-to-date and -74.1% from last 12 months. JD.com current market value is $37 billion (8/3/24) and Dada Nexus market value is $605 million (8/3/24). In January 2024, JD.com had won a $140.7 million (CNY 1 billion) compensation anti-monopoly lawsuit against Alibaba Group filed 6 years ago. Alibaba Taobao & Tmall had required online vendors to sell only using Alibaba platforms. In December 2023, JD.com had accused China wealth manager Noah Holdings of engaging in a malicious lawsuit & misleading public in $4.2 billion fraud (CNY 30 billion) during a Shanghai court trial. Noah Holdings subsidiary Gopher Asset Management had provided financing to Lui Jing (providing Noah with false JD.com documents) & causing over $1.1 billion of losses, and was sentenced to life for fraud. Gopher Asset Management Executive Fang Jianhua had also been sentenced to jail for accepting bribes from Luo Jing. JD.com cited Noah Holdings had been involved in more than 10 similar incidents and had been warned & punished by authorities.
China $47 Billion e-Commerce Giant JD.com Spinoff JingDong Industrials (JDi) Receives Approval Hong Kong IPO to Raise $500 Million at $5.5 Billion Valuation in 2025 December
27th November – China e-commerce giant JD.com ($47 billion market value) spinoff JingDong Industrials (JDi) has received approval for Hong Kong IPO and reported to be raising $500 million at $5.5 billion valuation 2025 December. In 2025 October, JD.com was reported to received an insurance brokerage license in Hong Kong. In 2025 October, China JD Logistics ($10 billion market value) announced to buy China instant delivery business (Dajiang & Dasheng) from parent JD.com ($53 billion market value) for $270 million. In 2025 October, China e-commerce giant JD.com ($58 billion market value) spinoff JingDong Industrials (JDi) filed for a Hong Kong IPO and reported to be raising $500 million at $5.5 billion valuation in 2025 Q4. JD.com was founded in 1998 by Richard Liu Qiangdong who is a billionaire with $6 billion fortune. In 2025 August, JD.com property unit JD Property was planning for a REIT IPO with more than $1 billion portfolio value on Singapore Exchange (SGX) in 2026, in partnership with $152 billion Partners Group (Switzerland private markets asset manager) & EZA Hill Property (Singapore-based investment manager). In 2025 August, China e-commerce giant JD.com bought Hong Kong Kai Bo Food Supermarket, and integrated under JD.com Innovative Retail business group with Kai Bo Food Supermarket founder Lam Hiu-nga appointed as unit head. In 2025 July, JD.com was reported to be not buying 70% stake in Hong Kong Kai Bo Food Supermarket for $509 million, after reports of JD.com buying 70% stake in Hong Kong Kai Bo Food Supermarket for $509 million. Kai Bo Food Supermarket was founded in 1991 in Hong Kong by Lam Hiu-nga & a friend as Zaak Hing Meat Shop. In 2025 June, JD.com announced to launch new projects including securing Stablecoin licenses in major currency jurisdictions to enable instant & low-cost foreign exchange (FX) settlements between businesses, and expecting to reduce cross-border payment costs by 90%. In 2024 December, JD.com ($55 billion) announced to buy 65% of Home Credit Consumer Finance (China) for $454 million (CNY 3.3 billion). Home Credit (China) was established in 2010 as 1 of 4 consumer finance firms licensed to operate in China. Home Credit Vietnam is part of Home Credit Group founded in 1997 in Czech Republic, operating in Asia & Europe and is owned by PPF Group. Home Credit China has served more than 84 million customers in more than 300 cities in China. In 2024 March, Thailand largest bank SCB X has announced to buy the consumer finance business of Home Credit Vietnam for $860 million. Home Credit Vietnam has 15 million customers & 14,000 point-of-sales locations in Vietnam. In 2024 August, Walmart ($599 billion market value) has been reported to be selling its stake in China e-Commerce Giant JD.com ($41 billion market value) for $3.7 billion after a 8-year partnership, with the share sale reported to be priced between $24.85 to $25.85. In 2024 May, Shanghai court has ruled China e-Commerce Giant JD.com not liable to pay China wealth manager Noah Holdings, with JD.com accusing Noah of engaging in malicious lawsuit & misleading public in $4.2 billion fraud during Shanghai court trial. In 2024 March, JD.com listed neighbourhood & delivery platform Dada Nexus has confirmed overstating revenue by $79 million (CNY 568 million) from Q4 2022 to Q3 2023 (1 year), with President He Huijian to resign after the independent review is completed. In January 2024, Dada Nexus was reported to have overstated revenue by $140 million (CNY 1 billion) for 2023 discovered during routine audit (disclosed on 5th January 2024). Dada Nexus share price has decreased -29.7% year-to-date and -74.1% from last 12 months. JD.com current market value is $37 billion (8/3/24) and Dada Nexus market value is $605 million (8/3/24). In January 2024, JD.com had won a $140.7 million (CNY 1 billion) compensation anti-monopoly lawsuit against Alibaba Group filed 6 years ago. Alibaba Taobao & Tmall had required online vendors to sell only using Alibaba platforms. In December 2023, JD.com had accused China wealth manager Noah Holdings of engaging in a malicious lawsuit & misleading public in $4.2 billion fraud (CNY 30 billion) during a Shanghai court trial. Noah Holdings subsidiary Gopher Asset Management had provided financing to Lui Jing (providing Noah with false JD.com documents) & causing over $1.1 billion of losses, and was sentenced to life for fraud. Gopher Asset Management Executive Fang Jianhua had also been sentenced to jail for accepting bribes from Luo Jing. JD.com cited Noah Holdings had been involved in more than 10 similar incidents and had been warned & punished by authorities.
China $52 Billion e-Commerce Giant JD.com Receives Insurance Brokerage License in Hong Kong
23rd October – China e-commerce giant JD.com ($52 billion market value) is reported to have received an insurance brokerage license in Hong Kong. In 2025 October, China JD Logistics ($10 billion market value) announced to buy China instant delivery business (Dajiang & Dasheng) from parent JD.com ($53 billion market value) for $270 million. In 2025 October, China e-commerce giant JD.com ($58 billion market value) spinoff JingDong Industrials (JDi) filed for a Hong Kong IPO and reported to be raising $500 million at $5.5 billion valuation in 2025 Q4. JD.com was founded in 1998 by Richard Liu Qiangdong who is a billionaire with $6 billion fortune. In 2025 August, JD.com property unit JD Property was planning for a REIT IPO with more than $1 billion portfolio value on Singapore Exchange (SGX) in 2026, in partnership with $152 billion Partners Group (Switzerland private markets asset manager) & EZA Hill Property (Singapore-based investment manager). In 2025 August, China e-commerce giant JD.com bought Hong Kong Kai Bo Food Supermarket, and integrated under JD.com Innovative Retail business group with Kai Bo Food Supermarket founder Lam Hiu-nga appointed as unit head. In 2025 July, JD.com was reported to be not buying 70% stake in Hong Kong Kai Bo Food Supermarket for $509 million, after reports of JD.com buying 70% stake in Hong Kong Kai Bo Food Supermarket for $509 million. Kai Bo Food Supermarket was founded in 1991 in Hong Kong by Lam Hiu-nga & a friend as Zaak Hing Meat Shop. In 2025 June, JD.com announced to launch new projects including securing Stablecoin licenses in major currency jurisdictions to enable instant & low-cost foreign exchange (FX) settlements between businesses, and expecting to reduce cross-border payment costs by 90%. In 2024 December, JD.com ($55 billion) announced to buy 65% of Home Credit Consumer Finance (China) for $454 million (CNY 3.3 billion). Home Credit (China) was established in 2010 as 1 of 4 consumer finance firms licensed to operate in China. Home Credit Vietnam is part of Home Credit Group founded in 1997 in Czech Republic, operating in Asia & Europe and is owned by PPF Group. Home Credit China has served more than 84 million customers in more than 300 cities in China. In 2024 March, Thailand largest bank SCB X has announced to buy the consumer finance business of Home Credit Vietnam for $860 million. Home Credit Vietnam has 15 million customers & 14,000 point-of-sales locations in Vietnam. In 2024 August, Walmart ($599 billion market value) has been reported to be selling its stake in China e-Commerce Giant JD.com ($41 billion market value) for $3.7 billion after a 8-year partnership, with the share sale reported to be priced between $24.85 to $25.85. In 2024 May, Shanghai court has ruled China e-Commerce Giant JD.com not liable to pay China wealth manager Noah Holdings, with JD.com accusing Noah of engaging in malicious lawsuit & misleading public in $4.2 billion fraud during Shanghai court trial. In 2024 March, JD.com listed neighbourhood & delivery platform Dada Nexus has confirmed overstating revenue by $79 million (CNY 568 million) from Q4 2022 to Q3 2023 (1 year), with President He Huijian to resign after the independent review is completed. In January 2024, Dada Nexus was reported to have overstated revenue by $140 million (CNY 1 billion) for 2023 discovered during routine audit (disclosed on 5th January 2024). Dada Nexus share price has decreased -29.7% year-to-date and -74.1% from last 12 months. JD.com current market value is $37 billion (8/3/24) and Dada Nexus market value is $605 million (8/3/24). In January 2024, JD.com had won a $140.7 million (CNY 1 billion) compensation anti-monopoly lawsuit against Alibaba Group filed 6 years ago. Alibaba Taobao & Tmall had required online vendors to sell only using Alibaba platforms. In December 2023, JD.com had accused China wealth manager Noah Holdings of engaging in a malicious lawsuit & misleading public in $4.2 billion fraud (CNY 30 billion) during a Shanghai court trial. Noah Holdings subsidiary Gopher Asset Management had provided financing to Lui Jing (providing Noah with false JD.com documents) & causing over $1.1 billion of losses, and was sentenced to life for fraud. Gopher Asset Management Executive Fang Jianhua had also been sentenced to jail for accepting bribes from Luo Jing. JD.com cited Noah Holdings had been involved in more than 10 similar incidents and had been warned & punished by authorities.
China $10 Billion JD Logistics Buys China Instant Delivery Business (Dajiang & Dasheng) from Parent JD.com for $270 Million
19th October – China JD Logistics ($10 billion market value) has announced to buy China instant delivery business (Dajiang & Dasheng) from parent JD.com ($53 billion market value) for $270 million. In 2025 October, China e-commerce giant JD.com ($58 billion market value) spinoff JingDong Industrials (JDi) filed for a Hong Kong IPO and reported to be raising $500 million at $5.5 billion valuation in 2025 Q4. JD.com was founded in 1998 by Richard Liu Qiangdong who is a billionaire with $6 billion fortune. In 2025 August, JD.com property unit JD Property was planning for a REIT IPO with more than $1 billion portfolio value on Singapore Exchange (SGX) in 2026, in partnership with $152 billion Partners Group (Switzerland private markets asset manager) & EZA Hill Property (Singapore-based investment manager). In 2025 August, China e-commerce giant JD.com bought Hong Kong Kai Bo Food Supermarket, and integrated under JD.com Innovative Retail business group with Kai Bo Food Supermarket founder Lam Hiu-nga appointed as unit head. In 2025 July, JD.com was reported to be not buying 70% stake in Hong Kong Kai Bo Food Supermarket for $509 million, after reports of JD.com buying 70% stake in Hong Kong Kai Bo Food Supermarket for $509 million. Kai Bo Food Supermarket was founded in 1991 in Hong Kong by Lam Hiu-nga & a friend as Zaak Hing Meat Shop. In 2025 June, JD.com announced to launch new projects including securing Stablecoin licenses in major currency jurisdictions to enable instant & low-cost foreign exchange (FX) settlements between businesses, and expecting to reduce cross-border payment costs by 90%. In 2024 December, JD.com ($55 billion) announced to buy 65% of Home Credit Consumer Finance (China) for $454 million (CNY 3.3 billion). Home Credit (China) was established in 2010 as 1 of 4 consumer finance firms licensed to operate in China. Home Credit Vietnam is part of Home Credit Group founded in 1997 in Czech Republic, operating in Asia & Europe and is owned by PPF Group. Home Credit China has served more than 84 million customers in more than 300 cities in China. In 2024 March, Thailand largest bank SCB X has announced to buy the consumer finance business of Home Credit Vietnam for $860 million. Home Credit Vietnam has 15 million customers & 14,000 point-of-sales locations in Vietnam. In 2024 August, Walmart ($599 billion market value) has been reported to be selling its stake in China e-Commerce Giant JD.com ($41 billion market value) for $3.7 billion after a 8-year partnership, with the share sale reported to be priced between $24.85 to $25.85. In 2024 May, Shanghai court has ruled China e-Commerce Giant JD.com not liable to pay China wealth manager Noah Holdings, with JD.com accusing Noah of engaging in malicious lawsuit & misleading public in $4.2 billion fraud during Shanghai court trial. In 2024 March, JD.com listed neighbourhood & delivery platform Dada Nexus has confirmed overstating revenue by $79 million (CNY 568 million) from Q4 2022 to Q3 2023 (1 year), with President He Huijian to resign after the independent review is completed. In January 2024, Dada Nexus was reported to have overstated revenue by $140 million (CNY 1 billion) for 2023 discovered during routine audit (disclosed on 5th January 2024). Dada Nexus share price has decreased -29.7% year-to-date and -74.1% from last 12 months. JD.com current market value is $37 billion (8/3/24) and Dada Nexus market value is $605 million (8/3/24). In January 2024, JD.com had won a $140.7 million (CNY 1 billion) compensation anti-monopoly lawsuit against Alibaba Group filed 6 years ago. Alibaba Taobao & Tmall had required online vendors to sell only using Alibaba platforms. In December 2023, JD.com had accused China wealth manager Noah Holdings of engaging in a malicious lawsuit & misleading public in $4.2 billion fraud (CNY 30 billion) during a Shanghai court trial. Noah Holdings subsidiary Gopher Asset Management had provided financing to Lui Jing (providing Noah with false JD.com documents) & causing over $1.1 billion of losses, and was sentenced to life for fraud. Gopher Asset Management Executive Fang Jianhua had also been sentenced to jail for accepting bribes from Luo Jing. JD.com cited Noah Holdings had been involved in more than 10 similar incidents and had been warned & punished by authorities.
China $58 Billion e-Commerce Giant JD.com Spinoff JingDong Industrials (JDi) Files for Hong Kong IPO to Raise $500 Million at $5.5 Billion Valuation in 2025 Q4
2nd October – China e-commerce giant JD.com ($58 billion market value) spinoff JingDong Industrials (JDi) has filed for a Hong Kong IPO and reported to be raising $500 million at $5.5 billion valuation in 2025 Q4. JD.com was founded in 1998 by Richard Liu Qiangdong who is a billionaire with $6 billion fortune. In 2025 August, JD.com property unit JD Property was planning for a REIT IPO with more than $1 billion portfolio value on Singapore Exchange (SGX) in 2026, in partnership with $152 billion Partners Group (Switzerland private markets asset manager) & EZA Hill Property (Singapore-based investment manager). In 2025 August, China e-commerce giant JD.com bought Hong Kong Kai Bo Food Supermarket, and integrated under JD.com Innovative Retail business group with Kai Bo Food Supermarket founder Lam Hiu-nga appointed as unit head. In 2025 July, JD.com was reported to be not buying 70% stake in Hong Kong Kai Bo Food Supermarket for $509 million, after reports of JD.com buying 70% stake in Hong Kong Kai Bo Food Supermarket for $509 million. Kai Bo Food Supermarket was founded in 1991 in Hong Kong by Lam Hiu-nga & a friend as Zaak Hing Meat Shop. In 2025 June, JD.com announced to launch new projects including securing Stablecoin licenses in major currency jurisdictions to enable instant & low-cost foreign exchange (FX) settlements between businesses, and expecting to reduce cross-border payment costs by 90%. In 2024 December, JD.com ($55 billion) announced to buy 65% of Home Credit Consumer Finance (China) for $454 million (CNY 3.3 billion). Home Credit (China) was established in 2010 as 1 of 4 consumer finance firms licensed to operate in China. Home Credit Vietnam is part of Home Credit Group founded in 1997 in Czech Republic, operating in Asia & Europe and is owned by PPF Group. Home Credit China has served more than 84 million customers in more than 300 cities in China. In 2024 March, Thailand largest bank SCB X has announced to buy the consumer finance business of Home Credit Vietnam for $860 million. Home Credit Vietnam has 15 million customers & 14,000 point-of-sales locations in Vietnam. In 2024 August, Walmart ($599 billion market value) has been reported to be selling its stake in China e-Commerce Giant JD.com ($41 billion market value) for $3.7 billion after a 8-year partnership, with the share sale reported to be priced between $24.85 to $25.85. In 2024 May, Shanghai court has ruled China e-Commerce Giant JD.com not liable to pay China wealth manager Noah Holdings, with JD.com accusing Noah of engaging in malicious lawsuit & misleading public in $4.2 billion fraud during Shanghai court trial. In 2024 March, JD.com listed neighbourhood & delivery platform Dada Nexus has confirmed overstating revenue by $79 million (CNY 568 million) from Q4 2022 to Q3 2023 (1 year), with President He Huijian to resign after the independent review is completed. In January 2024, Dada Nexus was reported to have overstated revenue by $140 million (CNY 1 billion) for 2023 discovered during routine audit (disclosed on 5th January 2024). Dada Nexus share price has decreased -29.7% year-to-date and -74.1% from last 12 months. JD.com current market value is $37 billion (8/3/24) and Dada Nexus market value is $605 million (8/3/24). In January 2024, JD.com had won a $140.7 million (CNY 1 billion) compensation anti-monopoly lawsuit against Alibaba Group filed 6 years ago. Alibaba Taobao & Tmall had required online vendors to sell only using Alibaba platforms. In December 2023, JD.com had accused China wealth manager Noah Holdings of engaging in a malicious lawsuit & misleading public in $4.2 billion fraud (CNY 30 billion) during a Shanghai court trial. Noah Holdings subsidiary Gopher Asset Management had provided financing to Lui Jing (providing Noah with false JD.com documents) & causing over $1.1 billion of losses, and was sentenced to life for fraud. Gopher Asset Management Executive Fang Jianhua had also been sentenced to jail for accepting bribes from Luo Jing. JD.com cited Noah Holdings had been involved in more than 10 similar incidents and had been warned & punished by authorities.
China $42 Billion e-Commerce Giant JD.com Property Unit JD Property Plans REIT IPO with $1 Billion Portfolio Value on Singapore Exchange (SGX) in 2026, Partnership with $152 Billion Partners Group (Switzerland Private Markets Asset Manager) & EZA Hill Property (Singapore-Based Investment Manager)
28th August – China e-commerce giant JD.com ($42 billion market value) property unit JD Property is planning for a REIT IPO with more than $1 billion portfolio value on Singapore Exchange (SGX) in 2026, in partnership with $152 billion Partners Group (Switzerland private markets asset manager) & EZA Hill Property (Singapore-based investment manager). JD.com was founded in 1998 by Richard Liu Qiangdong who is a billionaire with $6 billion fortune. In 2025 August, China e-commerce giant JD.com bought Hong Kong Kai Bo Food Supermarket, and integrated under JD.com Innovative Retail business group with Kai Bo Food Supermarket founder Lam Hiu-nga appointed as unit head. In 2025 July, JD.com was reported to be not buying 70% stake in Hong Kong Kai Bo Food Supermarket for $509 million, after reports of JD.com buying 70% stake in Hong Kong Kai Bo Food Supermarket for $509 million. Kai Bo Food Supermarket was founded in 1991 in Hong Kong by Lam Hiu-nga & a friend as Zaak Hing Meat Shop. Kai Bo Food Supermarket (Google Translate) – Kai Bo Food Supermarket was established in 1991. With branches spread all over Hong Kong, the company has more than 1,000 employees and plays an important role in the local food retail market. In order to meet the needs of customers, in addition to the frozen poultry meat and seafood we mainly sell, we also introduce all kinds of grains, oils, groceries, fresh vegetables and fruits to achieve our consistent purpose of “cheap and good quality”. Peace of mind, safety and health are our promises to customers. In 2025 June, JD.com announced to launch new projects including securing Stablecoin licenses in major currency jurisdictions to enable instant & low-cost foreign exchange (FX) settlements between businesses, and expecting to reduce cross-border payment costs by 90%. In 2024 December, JD.com ($55 billion) announced to buy 65% of Home Credit Consumer Finance (China) for $454 million (CNY 3.3 billion). Home Credit (China) was established in 2010 as 1 of 4 consumer finance firms licensed to operate in China. Home Credit Vietnam is part of Home Credit Group founded in 1997 in Czech Republic, operating in Asia & Europe and is owned by PPF Group. Home Credit China has served more than 84 million customers in more than 300 cities in China. In 2024 March, Thailand largest bank SCB X has announced to buy the consumer finance business of Home Credit Vietnam for $860 million. Home Credit Vietnam has 15 million customers & 14,000 point-of-sales locations in Vietnam. In 2024 August, Walmart ($599 billion market value) has been reported to be selling its stake in China e-Commerce Giant JD.com ($41 billion market value) for $3.7 billion after a 8-year partnership, with the share sale reported to be priced between $24.85 to $25.85. In 2024 May, Shanghai court has ruled China e-Commerce Giant JD.com not liable to pay China wealth manager Noah Holdings, with JD.com accusing Noah of engaging in malicious lawsuit & misleading public in $4.2 billion fraud during Shanghai court trial. In 2024 March, JD.com listed neighbourhood & delivery platform Dada Nexus has confirmed overstating revenue by $79 million (CNY 568 million) from Q4 2022 to Q3 2023 (1 year), with President He Huijian to resign after the independent review is completed. In January 2024, Dada Nexus was reported to have overstated revenue by $140 million (CNY 1 billion) for 2023 discovered during routine audit (disclosed on 5th January 2024). Dada Nexus share price has decreased -29.7% year-to-date and -74.1% from last 12 months. JD.com current market value is $37 billion (8/3/24) and Dada Nexus market value is $605 million (8/3/24). In January 2024, JD.com had won a $140.7 million (CNY 1 billion) compensation anti-monopoly lawsuit against Alibaba Group filed 6 years ago. Alibaba Taobao & Tmall had required online vendors to sell only using Alibaba platforms. In December 2023, JD.com had accused China wealth manager Noah Holdings of engaging in a malicious lawsuit & misleading public in $4.2 billion fraud (CNY 30 billion) during a Shanghai court trial. Noah Holdings subsidiary Gopher Asset Management had provided financing to Lui Jing (providing Noah with false JD.com documents) & causing over $1.1 billion of losses, and was sentenced to life for fraud. Gopher Asset Management Executive Fang Jianhua had also been sentenced to jail for accepting bribes from Luo Jing. JD.com cited Noah Holdings had been involved in more than 10 similar incidents and had been warned & punished by authorities.
China $45 Billion e-Commerce Giant JD.com Buys Hong Kong Kai Bo Food Supermarket & Integrated under Innovative Retail Business Group with Kai Bo Food Supermarket Founder Lam Hiu-nga Appointed as Unit Head, Founded in 1991 in Hong Kong by Lam Hiu-nga & Friend as Zaak Hing Meat Shop, JD.com Founded by 1998 by Richard Liu Qiangdong Who is Billionaire with $6 Billion Fortune
19th August – China e-commerce giant JD.com ($45 billion market value) has bought Hong Kong Kai Bo Food Supermarket, and integrated under JD.com Innovative Retail business group with Kai Bo Food Supermarket founder Lam Hiu-nga appointed as unit head. In 2025 July, JD.com was reported to be not buying 70% stake in Hong Kong Kai Bo Food Supermarket for $509 million, after reports of JD.com buying 70% stake in Hong Kong Kai Bo Food Supermarket for $509 million. Kai Bo Food Supermarket was founded in 1991 in Hong Kong by Lam Hiu-nga & a friend as Zaak Hing Meat Shop. Kai Bo Food Supermarket (Google Translate) – Kai Bo Food Supermarket was established in 1991. With branches spread all over Hong Kong, the company has more than 1,000 employees and plays an important role in the local food retail market. In order to meet the needs of customers, in addition to the frozen poultry meat and seafood we mainly sell, we also introduce all kinds of grains, oils, groceries, fresh vegetables and fruits to achieve our consistent purpose of “cheap and good quality”. Peace of mind, safety and health are our promises to customers. JD.com was founded in 1998 by Richard Liu Qiangdong who is a billionaire with $6 billion fortune. In 2025 June, JD.com announced to launch new projects including securing Stablecoin licenses in major currency jurisdictions to enable instant & low-cost foreign exchange (FX) settlements between businesses, and expecting to reduce cross-border payment costs by 90%. In 2024 December, JD.com ($55 billion) announced to buy 65% of Home Credit Consumer Finance (China) for $454 million (CNY 3.3 billion). Home Credit (China) was established in 2010 as 1 of 4 consumer finance firms licensed to operate in China. Home Credit Vietnam is part of Home Credit Group founded in 1997 in Czech Republic, operating in Asia & Europe and is owned by PPF Group. Home Credit China has served more than 84 million customers in more than 300 cities in China. In 2024 March, Thailand largest bank SCB X has announced to buy the consumer finance business of Home Credit Vietnam for $860 million. Home Credit Vietnam has 15 million customers & 14,000 point-of-sales locations in Vietnam. In 2024 August, Walmart ($599 billion market value) has been reported to be selling its stake in China e-Commerce Giant JD.com ($41 billion market value) for $3.7 billion after a 8-year partnership, with the share sale reported to be priced between $24.85 to $25.85. In 2024 May, Shanghai court has ruled China e-Commerce Giant JD.com not liable to pay China wealth manager Noah Holdings, with JD.com accusing Noah of engaging in malicious lawsuit & misleading public in $4.2 billion fraud during Shanghai court trial. In 2024 March, JD.com listed neighbourhood & delivery platform Dada Nexus has confirmed overstating revenue by $79 million (CNY 568 million) from Q4 2022 to Q3 2023 (1 year), with President He Huijian to resign after the independent review is completed. In January 2024, Dada Nexus was reported to have overstated revenue by $140 million (CNY 1 billion) for 2023 discovered during routine audit (disclosed on 5th January 2024). Dada Nexus share price has decreased -29.7% year-to-date and -74.1% from last 12 months. JD.com current market value is $37 billion (8/3/24) and Dada Nexus market value is $605 million (8/3/24). In January 2024, JD.com had won a $140.7 million (CNY 1 billion) compensation anti-monopoly lawsuit against Alibaba Group filed 6 years ago. Alibaba Taobao & Tmall had required online vendors to sell only using Alibaba platforms. In December 2023, JD.com had accused China wealth manager Noah Holdings of engaging in a malicious lawsuit & misleading public in $4.2 billion fraud (CNY 30 billion) during a Shanghai court trial. Noah Holdings subsidiary Gopher Asset Management had provided financing to Lui Jing (providing Noah with false JD.com documents) & causing over $1.1 billion of losses, and was sentenced to life for fraud. Gopher Asset Management Executive Fang Jianhua had also been sentenced to jail for accepting bribes from Luo Jing. JD.com cited Noah Holdings had been involved in more than 10 similar incidents and had been warned & punished by authorities.
China $53 Billion e-Commerce Giant JD.com Not Buying 70% Stake in Hong Kong Kai Bo Food Supermarket for $509 Million, Kai Bo Food Supermarket Founded in 1991 in Hong Kong by Lam Hiu-nga & Friend as Zaak Hing Meat Shop, JD.com Founded by 1998 by Richard Liu Qiangdong Who is Billionaire with $6 Billion Fortune
23rd July – China e-commerce giant JD.com ($53 billion market value) has been reported to be not buying 70% stake in Hong Kong Kai Bo Food Supermarket for $509 million, after reports of JD.com buying 70% stake in Hong Kong Kai Bo Food Supermarket for $509 million. Kai Bo Food Supermarket was founded in 1991 in Hong Kong by Lam Hiu-nga & a friend as Zaak Hing Meat Shop. Kai Bo Food Supermarket (Google Translate) – Kai Bo Food Supermarket was established in 1991. With branches spread all over Hong Kong, the company has more than 1,000 employees and plays an important role in the local food retail market. In order to meet the needs of customers, in addition to the frozen poultry meat and seafood we mainly sell, we also introduce all kinds of grains, oils, groceries, fresh vegetables and fruits to achieve our consistent purpose of “cheap and good quality”. Peace of mind, safety and health are our promises to customers. JD.com was founded in 1998 by Richard Liu Qiangdong who is a billionaire with $6 billion fortune. In 2025 June, JD.com announced to launch new projects including securing Stablecoin licenses in major currency jurisdictions to enable instant & low-cost foreign exchange (FX) settlements between businesses, and expecting to reduce cross-border payment costs by 90%. In 2024 December, JD.com ($55 billion) announced to buy 65% of Home Credit Consumer Finance (China) for $454 million (CNY 3.3 billion). Home Credit (China) was established in 2010 as 1 of 4 consumer finance firms licensed to operate in China. Home Credit Vietnam is part of Home Credit Group founded in 1997 in Czech Republic, operating in Asia & Europe and is owned by PPF Group. Home Credit China has served more than 84 million customers in more than 300 cities in China. In 2024 March, Thailand largest bank SCB X has announced to buy the consumer finance business of Home Credit Vietnam for $860 million. Home Credit Vietnam has 15 million customers & 14,000 point-of-sales locations in Vietnam. In 2024 August, Walmart ($599 billion market value) has been reported to be selling its stake in China e-Commerce Giant JD.com ($41 billion market value) for $3.7 billion after a 8-year partnership, with the share sale reported to be priced between $24.85 to $25.85. In 2024 May, Shanghai court has ruled China e-Commerce Giant JD.com not liable to pay China wealth manager Noah Holdings, with JD.com accusing Noah of engaging in malicious lawsuit & misleading public in $4.2 billion fraud during Shanghai court trial. In 2024 March, JD.com listed neighbourhood & delivery platform Dada Nexus has confirmed overstating revenue by $79 million (CNY 568 million) from Q4 2022 to Q3 2023 (1 year), with President He Huijian to resign after the independent review is completed. In January 2024, Dada Nexus was reported to have overstated revenue by $140 million (CNY 1 billion) for 2023 discovered during routine audit (disclosed on 5th January 2024). Dada Nexus share price has decreased -29.7% year-to-date and -74.1% from last 12 months. JD.com current market value is $37 billion (8/3/24) and Dada Nexus market value is $605 million (8/3/24). In January 2024, JD.com had won a $140.7 million (CNY 1 billion) compensation anti-monopoly lawsuit against Alibaba Group filed 6 years ago. Alibaba Taobao & Tmall had required online vendors to sell only using Alibaba platforms. In December 2023, JD.com had accused China wealth manager Noah Holdings of engaging in a malicious lawsuit & misleading public in $4.2 billion fraud (CNY 30 billion) during a Shanghai court trial. Noah Holdings subsidiary Gopher Asset Management had provided financing to Lui Jing (providing Noah with false JD.com documents) & causing over $1.1 billion of losses, and was sentenced to life for fraud. Gopher Asset Management Executive Fang Jianhua had also been sentenced to jail for accepting bribes from Luo Jing. JD.com cited Noah Holdings had been involved in more than 10 similar incidents and had been warned & punished by authorities.
China $50 Billion E-Commerce Giant JD.com to Launch New Projects Including Securing Stablecoin Licenses in Major Currency Jurisdictions to Enable Instant & Low-Cost Foreign Exchange (FX) Settlements Between Businesses, Expected to Reduce Cross-Border Payment Costs by 90%, Founded by Richard Liu Qiangdong in 1998 Who is Billionaire with $6 Billion Fortune
19th June – China e-commerce giant JD.com ($50 billion market value) has announced to launch new projects including securing Stablecoin licenses in major currency jurisdictions to enable instant & low-cost foreign exchange (FX) settlements between businesses, and expecting to reduce cross-border payment costs by 90%. JD.com was founded by Richard Liu Qiangdong in 1998, who is a billionaire with $6 billion fortune. In 2024 December, JD.com announced to buy 65% of Home Credit Consumer Finance (China) for $454 million (CNY 3.3 billion). Home Credit (China) was established in 2010 as 1 of 4 consumer finance firms licensed to operate in China. Home Credit Vietnam is part of Home Credit Group founded in 1997 in Czech Republic, operating in Asia & Europe and is owned by PPF Group. Home Credit China has served more than 84 million customers in more than 300 cities in China. In 2024 March, Thailand largest bank SCB X has announced to buy the consumer finance business of Home Credit Vietnam for $860 million. Home Credit Vietnam has 15 million customers & 14,000 point-of-sales locations in Vietnam. In 2024 August, Walmart ($599 billion market value) has been reported to be selling its stake in China e-Commerce Giant JD.com ($41 billion market value) for $3.7 billion after a 8-year partnership, with the share sale reported to be priced between $24.85 to $25.85. In 2024 May, Shanghai court has ruled China e-Commerce Giant JD.com not liable to pay China wealth manager Noah Holdings, with JD.com accusing Noah of engaging in malicious lawsuit & misleading public in $4.2 billion fraud during Shanghai court trial. In 2024 March, JD.com listed neighbourhood & delivery platform Dada Nexus has confirmed overstating revenue by $79 million (CNY 568 million) from Q4 2022 to Q3 2023 (1 year), with President He Huijian to resign after the independent review is completed. In January 2024, Dada Nexus was reported to have overstated revenue by $140 million (CNY 1 billion) for 2023 discovered during routine audit (disclosed on 5th January 2024). Dada Nexus share price has decreased -29.7% year-to-date and -74.1% from last 12 months. JD.com current market value is $37 billion (8/3/24) and Dada Nexus market value is $605 million (8/3/24). In January 2024, JD.com had won a $140.7 million (CNY 1 billion) compensation anti-monopoly lawsuit against Alibaba Group filed 6 years ago. Alibaba Taobao & Tmall had required online vendors to sell only using Alibaba platforms. In December 2023, JD.com had accused China wealth manager Noah Holdings of engaging in a malicious lawsuit & misleading public in $4.2 billion fraud (CNY 30 billion) during a Shanghai court trial. Noah Holdings subsidiary Gopher Asset Management had provided financing to Lui Jing (providing Noah with false JD.com documents) & causing over $1.1 billion of losses, and was sentenced to life for fraud. Gopher Asset Management Executive Fang Jianhua had also been sentenced to jail for accepting bribes from Luo Jing. JD.com cited Noah Holdings had been involved in more than 10 similar incidents and had been warned & punished by authorities.
China $55 Billion E-Commerce Giant JD.com to Buy 65% of Home Credit Consumer Finance (China) for $454 Million (CNY 3.3 Billion), Home Credit China Established in 2010 as 1 of 4 Consumer Finance Firms Licensed to Operate in China, Home Credit Operates in Asia & Europe and is Owned by PPF Group
27th December 2024 – China e-commerce giant JD.com ($55 billion) has announced to buy 65% of Home Credit Consumer Finance (China) for $454 million (CNY 3.3 billion). Home Credit (China) was established in 2010 as 1 of 4 consumer finance firms licensed to operate in China. Home Credit Vietnam is part of Home Credit Group founded in 1997 in Czech Republic, operating in Asia & Europe and is owned by PPF Group. Home Credit China has served more than 84 million customers in more than 300 cities in China. In 2024 March, Thailand largest bank SCB X has announced to buy the consumer finance business of Home Credit Vietnam for $860 million. Home Credit Vietnam has 15 million customers & 14,000 point-of-sales locations in Vietnam. In 2024 August, Walmart ($599 billion market value) has been reported to be selling its stake in China e-Commerce Giant JD.com ($41 billion market value) for $3.7 billion after a 8-year partnership, with the share sale reported to be priced between $24.85 to $25.85. In 2024 May, Shanghai court has ruled China e-Commerce Giant JD.com not liable to pay China wealth manager Noah Holdings, with JD.com accusing Noah of engaging in malicious lawsuit & misleading public in $4.2 billion fraud during Shanghai court trial. In 2024 March, JD.com listed neighbourhood & delivery platform Dada Nexus has confirmed overstating revenue by $79 million (CNY 568 million) from Q4 2022 to Q3 2023 (1 year), with President He Huijian to resign after the independent review is completed. In January 2024, Dada Nexus was reported to have overstated revenue by $140 million (CNY 1 billion) for 2023 discovered during routine audit (disclosed on 5th January 2024). Dada Nexus share price has decreased -29.7% year-to-date and -74.1% from last 12 months. JD.com current market value is $37 billion (8/3/24) and Dada Nexus market value is $605 million (8/3/24). In January 2024, JD.com had won a $140.7 million (CNY 1 billion) compensation anti-monopoly lawsuit against Alibaba Group filed 6 years ago. Alibaba Taobao & Tmall had required online vendors to sell only using Alibaba platforms. In December 2023, JD.com had accused China wealth manager Noah Holdings of engaging in a malicious lawsuit & misleading public in $4.2 billion fraud (CNY 30 billion) during a Shanghai court trial. Noah Holdings subsidiary Gopher Asset Management had provided financing to Lui Jing (providing Noah with false JD.com documents) & causing over $1.1 billion of losses, and was sentenced to life for fraud. Gopher Asset Management Executive Fang Jianhua had also been sentenced to jail for accepting bribes from Luo Jing. JD.com cited Noah Holdings had been involved in more than 10 similar incidents and had been warned & punished by authorities.
$599 Billion Walmart to Sell Stake in $41 Billion China E-commerce Giant JD.com for $3.7 Billion after 8-year Partnership, Share Sale Reported to be Priced Between $24.85 To $25.85
21st August 2024 – Walmart ($599 billion market value) has been reported to be selling its stake in China e-Commerce Giant JD.com ($41 billion market value) for $3.7 billion after a 8-year partnership, with the share sale reported to be priced between $24.85 to $25.85. In 2024 March, JD.com listed neighbourhood & delivery platform Dada Nexus has confirmed overstating revenue by $79 million (CNY 568 million) from Q4 2022 to Q3 2023 (1 year), with President He Huijian to resign after the independent review is completed. In January 2024, Dada Nexus was reported to have overstated revenue by $140 million (CNY 1 billion) for 2023 discovered during routine audit (disclosed on 5th January 2024). Dada Nexus share price has decreased -29.7% year-to-date and -74.1% from last 12 months. JD.com current market value is $37 billion (8/3/24) and Dada Nexus market value is $605 million (8/3/24). In January 2024, JD.com had won a $140.7 million (CNY 1 billion) compensation anti-monopoly lawsuit against Alibaba Group filed 6 years ago. Alibaba Taobao & Tmall had required online vendors to sell only using Alibaba platforms. In December 2023, JD.com had accused China wealth manager Noah Holdings of engaging in a malicious lawsuit & misleading public in $4.2 billion fraud (CNY 30 billion) during a Shanghai court trial. Noah Holdings subsidiary Gopher Asset Management had provided financing to Lui Jing (providing Noah with false JD.com documents) & causing over $1.1 billion of losses, and was sentenced to life for fraud. Gopher Asset Management Executive Fang Jianhua had also been sentenced to jail for accepting bribes from Luo Jing. JD.com cited Noah Holdings had been involved in more than 10 similar incidents and had been warned & punished by authorities.
China E-Commerce Giant JD.com Listed Neighbourhood & Delivery Platform Dada Nexus Confirmed Overstating Revenue by $79 Million from Q4 2022 to Q3 2023, President He Huijian to Resign after Independent Review is Completed, Overstated Revenue by $140 Million for 2023 Discovered During Audit & Disclosed on 5th January 2024, Dada Nexus Share Price Decreased -29.7% YTD & -74.1% from Last 1 Year
10th March 2024 – China e-commerce giant JD.com listed neighbourhood & delivery platform Dada Nexus has confirmed overstating revenue by $79 million (CNY 568 million) from Q4 2022 to Q3 2023 (1 year), with President He Huijian to resign after the independent review is completed. In January 2024, Dada Nexus was reported to have overstated revenue by $140 million (CNY 1 billion) for 2023 discovered during routine audit (disclosed on 5th January 2024). Dada Nexus share price has decreased -29.7% year-to-date and -74.1% from last 12 months. JD.com current market value is $37 billion (8/3/24) and Dada Nexus market value is $605 million (8/3/24). In January 2024, JD.com had won a $140.7 million (CNY 1 billion) compensation anti-monopoly lawsuit against Alibaba Group filed 6 years ago. Alibaba Taobao & Tmall had required online vendors to sell only using Alibaba platforms. In December 2023, JD.com had accused China wealth manager Noah Holdings of engaging in a malicious lawsuit & misleading public in $4.2 billion fraud (CNY 30 billion) during a Shanghai court trial. Noah Holdings subsidiary Gopher Asset Management had provided financing to Lui Jing (providing Noah with false JD.com documents) & causing over $1.1 billion of losses, and was sentenced to life for fraud. Gopher Asset Management Executive Fang Jianhua had also been sentenced to jail for accepting bribes from Luo Jing. JD.com cited Noah Holdings had been involved in more than 10 similar incidents and had been warned & punished by authorities.
China E-Commerce Giant JD.com Listed Neighbourhood & Delivery Platform Dada Nexus Overstated Revenue by $140 Million for 2023 Discovered During Audit & Disclosed on 5th January 2024, Dada Nexus Share Price Decreased -53.2% YTD & -88.4% from Last 1 Year
11th January 2024 – China e-commerce giant JD.com listed neighbourhood & delivery platform Dada Nexus has overstated revenue by $140 million (CNY 1 billion) for 2023 discovered during routine audit (disclosed on 5th January 2024), with Dada Nexus share price decreasing -53.2% year-to-date and -88.4% from last 12 months. JD.com current market value is $40 billion (11/1/24) and Dada Nexus market value is $395 million (11/1/24). Earlier in January 2024, JD.com won a $140.7 million (CNY 1 billion) compensation anti-monopoly lawsuit against Alibaba Group filed 6 years ago. Alibaba Taobao & Tmall had required online vendors to sell only using Alibaba platforms. In December 2023, JD.com had accused China wealth manager Noah Holdings of engaging in a malicious lawsuit & misleading public in $4.2 billion fraud (CNY 30 billion) during a Shanghai court trial. Noah Holdings subsidiary Gopher Asset Management had provided financing to Lui Jing (providing Noah with false JD.com documents) & causing over $1.1 billion of losses, and was sentenced to life for fraud. Gopher Asset Management Executive Fang Jianhua had also been sentenced to jail for accepting bribes from Luo Jing. JD.com cited Noah Holdings had been involved in more than 10 similar incidents and had been warned & punished by authorities.
China E-Commerce Giant JD.com Wins $140.7 Million Compensation Anti-Monopoly Lawsuit Against Alibaba Group Filed 6 Years Ago, Alibaba Taobao & Tmall Required Online Vendors to Sell Only Using Alibaba Platforms
4th January 2024 – China e-commerce giant JD.com has won a $140.7 million (CNY 1 billion) compensation anti-monopoly lawsuit against Alibaba Group filed 6 years ago. Alibaba Taobao & Tmall had required online vendors to sell only using Alibaba platforms. In December 2023, JD.com had accused China wealth manager Noah Holdings of engaging in a malicious lawsuit & misleading public in $4.2 billion fraud (CNY 30 billion) during a Shanghai court trial. Noah Holdings subsidiary Gopher Asset Management had provided financing to Lui Jing (providing Noah with false JD.com documents) & causing over $1.1 billion of losses, and was sentenced to life for fraud. Gopher Asset Management Executive Fang Jianhua had also been sentenced to jail for accepting bribes from Luo Jing. JD.com cited Noah Holdings had been involved in more than 10 similar incidents and had been warned & punished by authorities.
China E-Commerce Giant JD.com Accused China Wealth Manager Noah Holdings of Engaging in Malicious Lawsuit & Misleading Public in $4.2 Billion Fraud During Shanghai Court Trial , Noah Subsidiary Gopher Asset Management Provided Financing to Lui Jing with False JD.com Documents & Causing Over $1.1 Billion of Losses & was Sentenced to Life for Fraud, Gopher Asset Management Executive Fang Jianhua Sentenced to Jail for Accepting Bribes from Luo Jing
8th December 2023 – China e-commerce giant JD.com has accused China wealth manager Noah Holdings of engaging in a malicious lawsuit & misleading public in $4.2 billion fraud (CNY 30 billion) during a Shanghai court trial. Noah Holdings subsidiary Gopher Asset Management had provided financing to Lui Jing (providing Noah with false JD.com documents) & causing over $1.1 billion of losses, and was sentenced to life for fraud. Gopher Asset Management Executive Fang Jianhua had also been sentenced to jail for accepting bribes from Luo Jing. JD.com cited Noah Holdings had been involved in more than 10 similar incidents and had been warned & punished by authorities.
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