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JD.com (JD) Forms Hong Kong Northern Metropolis Joint Venture
Simply Wall St.24d agoneutral
JD.com (JD) Forms Hong Kong Northern Metropolis Joint Venture

JD.com (NasdaqGS:JD) has agreed to form a joint venture with Chinese state-owned firms to invest in a large logistics and mixed-use project in Hong Kong's Northern Metropolis. The partnership focuses on building logistics infrastructure alongside commercial and residential space, signaling a broader role for JD.com beyond its core e-commerce operations. The move is aimed at strengthening JD.com's presence in Greater China and Hong Kong through deeper involvement in regional logistics...

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Alibaba (BABA) Launches $1.5 Billion Pupu Bid As Meituan Rivalry Heats Up
Simply Wall St.88d agoneutral
Alibaba (BABA) Launches $1.5 Billion Pupu Bid As Meituan Rivalry Heats Up

Alibaba Group Holding (NYSE:BABA) has launched a $1.5b bid for grocery delivery firm Pupu. The offer puts Alibaba in direct competition with Meituan, which has been expanding in fresh produce and local commerce. The move follows Meituan's purchase of Dingdong Fresh and intensifies pressure on rivals including JD.com. Alibaba Group Holding, trading at $104.97, is leaning harder into local commerce at a time when its stock has seen mixed recent performance. The shares are down 6.7% over the...

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