JD - Asia Tech Wire

2025.02.03

12:04

The Hang Seng Index closed down 0.74% at noon, and the Tech Index closed down 0.67%. The industrial and pharmaceutical sectors led the decline, with JD Health falling nearly 7%. Semiconductor and AI concepts rose, with SMIC rising nearly 8% and Kingsoft Cloud soaring more than 34%.

12:04

Hong Kong Stocks Midday Review: Hang Seng Index closed down 0.74%; Kingsoft Cloud surged over 34%

10:14

Hang Seng Tech Index falls 3%

The Hang Seng Technology Index fell by 3%. Dongfangzhenxuan and JD Health fell by more than 9%, Bilibili and Li Auto fell by more than 8%. Kingsoft Cloud rose by more than 22% against the market trend, and Alibaba and SMIC rose by more than 3%.

09:47

The Hang Seng Index's decline widened to 2%, JD Health (06618.HK) fell more than 8%, Baidu (09888.HK) fell 7.6%, Alibaba Health (00241.HK) and Li Auto (02015.HK) fell more than 6%.

09:36

Hong Kong stocks extended their losses, with the Hang Seng Index down 1%, the Tech Index down 1.8%, JD Health (06618.HK), Baidu (09888.HK), and Li Auto (02015.HK) down more than 5%, and Kuaishou (01024.HK) down more than 4%.

2025.02.01

12:54

Shanghai Municipal Commission of Commerce holds a symposium on key business districts

According to Shanghai Business News, on the afternoon of January 31, Zhu Min, director of the Shanghai Municipal Commission of Commerce, hosted a symposium on key business districts. At the symposium, representatives from Yuexing Group, Nanjing East Road, Nanjing West Road, Xintiandi, Xujiahui, Zhongshan Park, Wujiaochang, International Tourism Resort and other enterprises and business districts gave detailed introductions on operations during the Spring Festival and put forward opinions and suggestions on further attracting foreign consumption. During the Spring Festival, major business districts in Shanghai carried out various forms of rich consumption promotion activities around themes such as gold jewelry, hotel + catering packages, and millet economy, which effectively attracted foreign consumption and achieved positive results.

2025.01.30

20:30

Many Shanghai mobile phone stores benefited from government subsidies: sales of one store increased by more than 70%

During the Spring Festival holiday, the "national subsidy" policy attracted more consumers to mobile phone retail stores to buy phones. On January 29, the first day of the Lunar New Year, the Huawei flagship store on Nanjing East Road in Shanghai was crowded with people, and a considerable number of users came to replace their phones using the "national subsidy" policy. Not far from this Huawei direct store is a smaller Huawei retail store. On that day, reporters witnessed at least five customers purchasing phones through the "national subsidy" at the same time. On the same day, at the Xiaomi retail store in Shanghai International Trade Plaza, three generations of a family came to Xiaomi to help an elderly person purchase a Xiaomi phone that met the "national subsidy" requirement. Before the Spring Festival, an OPPO retail store in Yangpu District, Shanghai became extremely busy. The number of users who came to the store to consult about purchasing a phone increased significantly, and most of them came to replace their phones for the "national subsidy" policy. The store manager told reporters that they usually sell about 10 machines a day, but now they sell 17 or 18 a day. Most of the extra machines are machines that meet the "national subsidy" requirement, and sales have increased by more than 70%.

2025.01.26

08:42

Liu Qiangdong appeared at JD.com headquarters to attend the logistics New Year family dinner

News on the morning of January 26th, yesterday evening, a blogger posted that Liu Qiangdong recently appeared at the JD headquarters in Yizhuang, Beijing, wearing JD's red work clothes, and attended the JD Logistics New Year's warm family dinner. JD has not yet responded to this. But according to people familiar with the matter, the news is true. It is reported that Liu Qiangdong praised JD Logistics' work in 2024 on the spot, and fully affirmed JD Logistics' contribution to responding to the country's efforts to reduce the logistics costs of the entire society. He also expressed gratitude and encouragement to the employees who have guaranteed "delivery during the Spring Festival" for 13 consecutive years. Liu Qiangdong also mentioned that when he learned that due to the long-term payment of five insurances and one fund for all front-line employees, more than 1,200 JD brothers have retired from JD, realizing that they have old-age care, medical treatment for illness, and compensation for injuries, he felt very happy and proud.

2025.01.25

00:49

Nasdaq China Golden Dragon Index rose more than 3%; popular Chinese stocks rose across the board

The Nasdaq China Golden Dragon Index rose more than 3%, and popular Chinese stocks generally rose. iQiyi rose 15%, Kingsoft Cloud rose more than 13%, NIO, Xpeng Motors, NetEase, JD.com, and Miniso rose more than 3%, and Baidu, Alibaba, Li Auto, and Bilibili rose more than 2%.

2025.01.23

05:59

Home appliance market heats up, service consumption recovery is expected

According to the Securities Times, on January 20, the first day of the implementation of the 2025 "national subsidy" policy, the Huawei store on the basement floor of an office building on the East Third Ring Road in Beijing was bustling with customers. Under the new round of "national subsidy" policies, customers who purchase mobile phones, tablets, smart watches, large household appliances and other products can also enjoy a 15% to 20% "national subsidy" discount, which has made many digital product stores busy, and the number of customers entering the store for consultation is significantly higher than usual. Since the beginning of the year, the effectiveness of the "two new" policies has continued to be released, and a number of leading indicators show that the consumption boom of home appliances in my country continued at the beginning of the year. As the Spring Festival holiday approaches, the tourism market continues to heat up. The experts interviewed believe that as the "two new" policies are strengthened and expanded, the consumption structure continues to upgrade, and consumers' demand for replacement may be further released, and the demand for service consumption is expected to continue to maintain a high growth rate.

2025.01.22

17:30

Apple customer service said that iPhone 13 will no longer be available on Apple's own channels and will not participate in national subsidies

Today, two pieces of news about iPhone 13 sparked heated discussions on social platforms. In response, Apple's official customer service told reporters that every time Apple's official sales channels update products, previous products, including outdated and discontinued products, will be removed from the shelves and will not be put on the shelves in the future. If consumers need them, they can go to third-party authorized websites or offline platforms to buy them. Regarding whether you can receive national subsidies when buying an iPhone through Apple's self-operated channels, the above-mentioned official customer service said that Apple's official website and other self-operated channels are not currently participating in national subsidy activities, and consumers can consult on JD.com or other online and offline platforms.

2025.01.21

17:32

Popular Chinese stocks rose before the market opened, with Xpeng Motors up more than 7%

17:31

11:09

In the first 12 hours of the launch of the mobile phone and digital digital subsidy program, JD.com’s tablet sales increased by 300% month-on-month

The national subsidy activities in Beijing, Hubei, Jiangsu, Zhejiang, and Shaanxi have been fully launched on JD.com, and activities in other provinces and cities are also being launched one after another. JD.com data shows that as of 12:00 on January 20, in provinces and cities where national subsidies are available, mobile phone sales increased by 200% month-on-month, tablet sales increased by 300% month-on-month, and smart children's watch sales increased by 100% month-on-month. The data also shows that when consumers enjoy national subsidies to buy mobile phones and digital products on JD.com, they prefer mobile phones in the price range of 3,000-4,000 yuan, tablet products in the price range of 3,000 yuan, smart watches in the price range of 500-1,000 yuan, and smart bracelets in the price range of 200-300 yuan.

07:29

New purchase subsidies stimulate demand for smartphone replacement

Recently, the Ministry of Commerce, together with relevant departments, issued the "Implementation Plan for Subsidies for New Purchases of Mobile Phones, Tablets, and Smart Watches (Bracelets)". Individual consumers who purchase three types of digital products, namely mobile phones, tablets, and smart watches (bracelets), can enjoy subsidies for new purchases. According to the subsidy plan, each person can subsidize one item of each category, and the subsidy ratio for each item is 15% of the final sales price after deducting all discounts in the production, circulation links and mobile operators, and the maximum amount per item is no more than 500 yuan. The reporter's investigation found that the policy of subsidies for new purchases has been implemented on some online platforms and offline stores, effectively stimulating the smartphone consumer market. According to data from the JD platform, as of 12:00 on January 20, in the provinces and cities where the subsidies for new purchases were launched, the sales of mobile phone products increased by 200% month-on-month, and tablets increased by 300%.

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