Fresh Inflation Data; Earnings From Walmart, Alibaba, Home Depot; and More to Watch This Week -- Barrons.com
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jd.com (09618) responds to increasing subsidies of billions for beauty: additional investment will not be less than 3 billion.
Jingdong Group (09618) is reportedly going to make significant adjustments to the tens of billions in subsidies in the near future, adding special subsidies to support the cosmetics category, covering cosmetics products from both self-operated and third-party merchants. After the new round of subsidies is injected, it is expected that all cosmetics products participating in the tens of billions in subsidies on JD.com will see a price reduction of 10% to 30%. In response to this, Jingdong responded, "The news is true, and the additional investment will be no less than 3 billion, covering the entire cosmetics category."
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China Federation of Logistics and Purchasing: The e-commerce logistics index for July 2024 is 114.1 points.
On August 7th, China Federation of Logistics and Purchasing and jd.com (09618) jointly released the China E-commerce Logistics Index for July 2024, which was 114.1 points, down 0.7 points from the previous month.
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Wu Sheng evaluates Black Cat complaint: a genuine user feedback is worth more than thousands of praises.
On the afternoon of August 4th, at the New Species Explosion·Wu Sheng Business Methodology released in 2024, Wu Sheng, the founder of the Scene Lab, said that choosing the right starting point and scaling connection are important ideas in the scenario methodology. Wu Sheng cited the Black Cat Complaints under Sina.com as a business case and said, "This correct starting point may be very small, like a complaining Weibo, but it has truly become the folk 315 now, and even CCTV's 315 has to rely on it." He said, "The decentralized and transparent mechanism formed by a media platform's credibility system has actually made many companies highly valued."
JD.com (JD) Gains 12.8% in 6 Months: What's Next for Investors?
[Brokerage Focus] Bocom Intl: Internet plus-related industry trends are in line with the overall market, recommending jd.com (09618) and Tongcheng (00780).
According to Bocom Intl's research, the Chinese Internet index (KWEB) fluctuated slightly with the general market, down 2% month-on-month, compared to Nasdaq/Hang Seng's respective declines of 1%/2%. In terms of industry performance: E-commerce/search and advertising +3% > Culture and entertainment -1% > Lifestyle services/games/social networking -3% > Education -9% > OTA -10%. In terms of individual stock performance, Joyy (+11%)/Zhiwen (+10%)/Yeahka (+10%)/Alibaba (+10%)/Dada (+5%) had the highest gains. Tuhu (-27%)/Youdao (-21%)/Shunfeng Express (-20%
Top Gap Ups and Downs on Thursday: META, TM, APD and More
6-K: Date Of Board Meeting
JD.com Group-SW (09618.HK) will hold a board of directors meeting on August 14 to approve the mid-year performance.
JD.com Group-SW (09618.HK) announced that the board of directors will hold a meeting on August 14, 2024 to approve various matters, including the unaudited financial performance and announcement for the three and six months ending June 30, 2024 (interim performance report for 2024). The company will upload the interim performance report for 2024 to the Hong Kong Stock Exchange after the close of trading on August 15, 2024 and before the opening of the US market.
Express News | JD.com to Report Second Quarter and Interim 2024 Financial Results on August 15, 2024
DATE OF BOARD MEETING
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Anti-counterfeiting advocate Wang Hai claimed that Rui Wei cosmetic illegally added preservatives. The official response was that no relevant components were detected.
On the afternoon of July 31st, Wang Hai, a professional anti-counterfeiting activist, posted on Weibo saying that RNW, such as Wei Whitening and Moisturizing Essence Oil, sold on platforms such as Taobao, JD.com, and PDD Holdings, illegally (concealed) added preservatives: ethyl p-hydroxybenzoate and sunscreen agent: avobenzone. He stated that according to Article 12 of the "Regulations on the Administration of Cosmetics Labels", all cosmetic ingredients should be listed on the visible surface of the sales package. The manufacturer of this product is Guangzhou Dongzhimeng Cosmetics Co., Ltd. This product not only illegally (concealed) adds preservatives, but also involves false advertising. For details, please refer to the store information of the product.