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Alibaba, JD enjoy record Singles Day despite tech crackdown

Chinese ecommerce titan Alibaba enjoyed record sales during its Singles Day shopping extravaganza, giving a much-needed boost to the firm after a torrid year in which it became the symbol of a government crackdown that hammered the country's tech sector. The firm said 540.3 billion yuan (84.5 billion dollars) was spent as China's army of...

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Business | Featured

What does JD Logistics’ IPO mean for the fashion industry

JD Group took its logistics brand public at the end of May in an initial public offering (IPO) in Hong Kong that gives the company a market capitalisation of around 33 billion dollars. The move confirms the importance of integrated, value chain in the fashion market. After pricing shares at the lower half of its indicative range (about 6 dollars...

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