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Alibaba’s Singles’ Day sales top $38 billion

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After 24 hours of frenzied buying and selling, and weeks of aggressive advertising and promotions before it, the Alibaba Group said today its sales...

JD.com’s logistics arm raises a $218 million investment fund

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The logistics division of JD.com, Alibaba’s closest e-commerce competitor in China, has raised 1.5 billion yuan (about $218 million) to invest in logistics-related companies...

Carrefour sale shifts the balance of power in China’s new retail...

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Hot on the heels of Amazon’s decision to shutter its local marketplace, Carrefour — another global commerce giant — is switching up its approach...

Kurly, a grocery e-commerce startup in Korea, closes upsized $113M Series...

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Kurly, a startup that operates a grocery delivery service in Korea, said today that it has closed an upsized Series D round that reached...

China’s grocery delivery battle heats up with Meituan’s entry

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Fast, affordable food delivery service has been life-changing for many working Chinese, but some still prefer to whip up their own meals. These people...

China wants its rural villages to go cashless by 2020

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Residents of even the tiniest far-flung villages in China may soon be able to pay on their phones to run daily errands as Beijing...

China’s JD.com tests drone delivery in Indonesia in first overseas pilot

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We hear a lot about drones having the potential to revolutionize delivery and logistics. It’s easy to be dismissive — in many cases, a...

JD.com’s billionaire founder Richard Liu won’t be charged in sexual misconduct...

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Roughly four months after JD.com’s billionaire CEO Richard Liu was arrested and later released by Minneapolis police on suspicion of alleged sexual misconduct, local authorities...

How a Chinese anti-virus software maker builds a fintech firm to...

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360 Finance, an online consumer loan platform that spun off from China’s anti-virus service giant 360 Group, has joined a raft of Chinese fintech...

China’s JD.com teams up with Intel to develop ‘smart’ retail experiences

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Months after it landed a major $550 million investment from Google, China’s JD.com — the country’s second highest-profile investor behind Alibaba — has teamed...