26.95 +0.02 (0.07%)
After hours: 7:56PM EDT
|Bid||26.84 x 900|
|Ask||26.90 x 900|
|Day's Range||26.65 - 27.26|
|52 Week Range||25.27 - 50.68|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 12, 2018 - Nov 16, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||40.76|
Liu, founder of head of China's second-biggest online retailer behind Alibaba, was visiting Minneapolis for an academic program at the University of Minnesota when he was arrested by city police on Aug. 31 on suspicion of rape. A Minnesota-based lawyer for Liu, Earl Gray, previously said that Liu denies any wrongdoing, and that he does not expect his client to be charged. JD.com, backed by Walmart Inc, Alphabet Inc’s Google and China’s Tencent Holdings Ltd, wrote in a statement on Sept. 6 that Liu had "resumed his work at JD.com and there is no interruption to our day-to-day business operations." It added that he would be willing to cooperate further with law enforcement.
Prosecutors are weighing whether to bring charges against Chinese businessman Richard Liu after the Minneapolis Police Department turned over the findings of its initial investigation into accusations of rape against the JD.com chief executive, according to a statement released on Thursday by the Hennepin County Attorney's Office. Liu, founder of head of China's second-biggest online retailer behind Alibaba, was visiting Minneapolis for an academic program at the University of Minnesota when he was arrested by city police on Aug. 31 on suspicion of rape. A Minnesota-based lawyer for Liu, Earl Gray, previously said that Liu denies any wrongdoing, and that he does not expect his client to be charged.
The Minneapolis Police Department has turned the investigation of JD.com Inc. Chief Executive Officer Liu Qiangdong over to prosecutors. Hennepin County Attorney Mike Freeman said Thursday that the police department completed its initial investigation into allegations of sexual assault against the Chinese executive. Now prosecutors will make a decision on whether to bring charges, Freeman said in a statement.
Even with Chinese stocks struggling across the board, NetEase (NASDAQ:NTES) has had a particularly tough run lately. NTES stock has dropped by nearly half from late 2017 highs. NetEase stock, in fact, hit a two-year low earlier this month before a modest rebound.7 Biotech Stocks to Buy Now
* Tencent, Chinese gaming industry facing govt crackdown * Lai led Tencent's investments in Western companies - LinkedIn * Will invest in games, video, music firms at Coatue - LinkedIn (Adds details from ...
U.S. equities are moving higher on Tuesday amid a “sell the rumor, buy the news” dynamic following a tepid response by China to President Trump’s imposition of fresh tariffs on $200 billion worth of Chinese imports on Monday night. Later Tuesday, China started to outline its response. It formally complained to the World Trade Organization.
China’s (FXI) Internet giant JD.com (JD) fell 5.1% on September 17. The stock is currently trading at $25.73, which is 1.6% above its 52-week low of $25.33 and 49% below its 52-week high of $50.68.
NEW YORK, NY / ACCESSWIRE / September 18, 2018 / U.S. equities retreated from records Monday as President Donald Trump plans to announce an additional $200 billion in tariffs on Chinese products. The Dow ...
Investor focus on Alibaba (NYSE:BABA) has turned back to its founder, Jack Ma. Whatever the future holds for Alibaba, investors will learn what kind of company Mr. Ma leaves behind and whether BABA stock will remain a desired holding. Where Does BABA Stock Go Without Jack Ma?
While FDX stock has broken above that level again, it’s now hitting a level that’s formed as downtrend resistance. Teva (NYSE:TEVA) is off its morning gains, but is up over 2% Monday thanks to FDA approval for its migraine drug. The rejection off $25 is somewhat discouraging, but it’s positive to see Teva up over all three of its major moving averages.
Trade war fears dragged stock futures lower Monday. Broadcom received an upgrade. McDonald's dived as an analyst lowered the stock's price target.
The CEO of Chinese e-commerce giant JD.com, Richard Liu, will no longer appear at a high-profile state-run tech forum in Shanghai this week that he had earlier been scheduled to attend. Other guest speakers include Alibaba Group Holding Ltd Chairman Jack Ma and Tencent Holdings Ltd chief Pony Ma as well as Baidu Inc CEO Robin Li.
Shares of Chinese tech and internet names are getting crunched in Monday's session, after reports indicated that President Donald Trump could proceed with $200 billion in additional tariffs on Chinese goods and that China might pull out of trade talks if he goes through with that action. E-commerce names are getting hit hard, including Alibaba Group Holding Ltd. , down 3%, and JD.com Inc. , down more than 5%. Shares of internet companies iQiyi Inc. and Bilibili Inc. are also down in the session, as are shares of carmaker Nio Inc. , off 11%. Nio went public last week and has been called the Tesla Inc. of China. The KraneShares CSI China Internet ETF is down 1.7% in Monday trading, while the S&P 500 is off 0.2%.
Alibaba (BABA), China’s e-commerce giant, has recently formed the $2 billion joint venture AliExpress Russia and teamed up with Russia’s sovereign wealth fund (or RDIF), Russian telecommunications company MegaFon, and Russian Internet company Mail.Ru. Through this joint venture, Alibaba will gain access to Mail.Ru’s more than 100 million users, aiding its global expansion plans.
SINGAPORE/JAKARTA (Reuters) - Indonesian ride-hailing firm Go-Jek is seeking to raise about $2 billion from existing investors, including Tencent Holdings Ltd and JD.com, to fund its expansion plans in Southeast Asia, sources familiar with the matter said on Monday. Go-Jek's fundraising comes as its main rival Singapore-based Grab is also building a war chest to transform itself into a consumer technology group and aggressively grow in Indonesia, Southeast Asia's biggest economy. Both Go-Jek and Grab are raising billions of dollars and investing hundreds of millions of dollars in the race to gain dominance in Southeast Asia.
JD.com CEO Richard Liu will no longer attend a high-profile state-run tech forum in Shanghai this week - an absence that comes after he was arrested on suspicion of rape in the United States last month. Since returning to China, Liu has appeared at small signing events on behalf of the company but is yet to attend a high-profile public event. The Shanghai forum is hosted by China's National Development and Reform Commission as well as its industry and cyberspace ministries, and is aimed at showcasing China's growing prowess in artificial intelligence.
Chinese smartphone maker Xiaomi Inc said on Friday it will rejig its businesses and create new leadership positions aimed at building a second tier to CEO Lei Jun, amid increased scrutiny of governance and successions at Chinese tech firms. The firm would introduce two new departments to advise Lei on strategy and oversee hiring, promotion and pay, Lei said in a memo to staff dated Sept. 13 and shared with the press on Friday. It also would reshuffle its four main business units into 10 to promote younger managers, Lei said, adding that a majority of the newly-appointed leadership belonged to the post-1980s generation.
Alibaba (NYSE:BABA) has been a hot topic so far this year. June wasn’t that long ago, when Alibaba stock was breaking out to new all-time highs over $210. For one, the Chinese stock market has had a terrible time.
A JD.com (JD) subsidiary focused on deliveries has updated its business registration documents with the government to include providing an “internet-based cab-hailing service,” according to China’s financial news outlet Yicai Global. The update to the business scope was made late last month, but it’s unclear whether JD.com has begun offering that service.
The move could potentially help eBay. Verifying the authenticity of luxury watches that appear on the site could help eBay avoid those risks and give customers some peace of mind while shopping on eBay.