jd

JD.com Shares Rise

JD.com Shares Rise

JD.com (NASDAQ: JD) reported their highest ever quarterly profit of $151 million which is far above analyst forecast of a 213 million yuan loss. This marks a 39% rise in revenue which boosted the firm’s shares compared to a 807.9 million ..

Alibaba Invests $1 Billion in Lazada Group

Alibaba Invests $1 Billion in Lazada Group

Alibaba Group Holding Ltd (NYSE: BABA), a Chinese e-commerce company decided to invest $1 billion in a Southeast Asian online retailer called Lazada which would boost their stake by almost a third to 83 percent. This decision was based on the expand..