JD.Com - Chinesisches Amazon-Pendant - 500 Beiträge pro Seite

[Karlll]

Dann schaun wir mal, wie die ersten Handelstage aussehen


IPO: JD.com verdient bei Börsenstart an Nasdaq mehr als erwartet

Die Lust der Investoren auf chinesische Internetunternehmen beschert dem Onlinehändler JD.com einen erfolgreichen Börsenstart. Das chinesische Unternehmen verdient mit dem Börsendebüt an der US-Technologiebörse Nasdaq 1,78 Milliarden US-Dollar (1,3 Milliarden Euro) und damit mehr als erwartet. Insgesamt verkaufte JD.com, das in seinem Geschäftsmodell Amazon ähnelt, 93,7 Millionen Anteile in Form von so genannten Hinterlegungsscheinen (American depositary receipts - ADRs) für je 19 Dollar. Die Preisspanne hatte zuvor bei 16 bis 18 Dollar gelegen. Der Handel soll an diesem Donnerstag beginnen.

Außerdem verkauft JD.com einen Teil seiner Anteile an das größte chinesische Internet-Unternehmen Tencent. Der Börsengang bewertet den Konzern mit 26 Milliarden Dollar. Es ist damit das größte chinesische Unternehmen, das nur in den USA notiert ist. JD.com dürfte aber in den kommenden Wochen vom Börsendebüt des chinesischen Internethändlers Alibaba überflügelt werden, der nach Markteinschätzungen bis zu 20 Milliarden Dollar einsammeln könnte.

Anleger wollen vom erwarteten Wachstum des Onlinehandels in China profitieren. Während dieser Markt nach Berechnungen des Marktforschers EMarketer in den USA in diesem Jahr um 12 Prozent zulegen dürfte, wird in China eine Steigerung um 64 Prozent erwartet./nmu/mmb/fbr

ISIN US0231351067

AXC0072 2014-05-22/10:20

[Innov80]

Bin seit heute auch dabei, mal sehen wo der Kurs hingeht?

[Karlll]

Antwort auf Beitrag Nr.: 47.053.038 von Innov80 am 27.05.14 14:01:22

Nun, bis jetzt doch wohl in die richtige Richtung, also reichlich gen Norden.
Höchster Kurs bei Börsenstart am Do. letzter Woche lag bei 22,59.

Gerade eben gingen Stücke zu 22,60 um.

Alles wird gut.


Gruß
Karlll

[Innov80]

Heute schon +12% so kann's weitergehn

[Innov80]

Gestern in America um 327 Millionen Dollar gehandelt und um 14,2% gestiegen.

[Innov80]

Keiner eine Meinung zu dieser Aktie?

[Innov80]

Heute schon wieder 10%

[Innov80]

Hat hier keiner eine Meinung zu JD.com?

[Innov80]

Mal sehen wo der Kurs diese Woche hingeht?

[Karlll]

Nun, so kann es bleiben und dann besser werden.

Gruß
Karlll

[Karlll]

Passt schon

[Karlll]

Colorful Group beginnt Partnerschaft mit Chaintech und JD.com und präsentiert neue Produkte auf der Computex
Nachrichtenquelle: PR Newswire (dt.)
06.06.2014, 16:05
TAIPEI, 6. Juni 2014 /PRNewswire/ -- Die Colorful Group veranstaltete in Partnerschaft mit JD.com eine Produkteinführungskonferenz namens „Fuse and Gather". Das Unternehmen erweitert damit die Produktfamilie hinter der iGame-Serie, um eine erstklassige Marke von Spiele-Hardware aufzubauen.


Die unter der Marke iGame vertriebene Serie hochwertiger Motherboard-Produkte wurde auf der Computex erstmals öffentlich vorgestellt. Sie soll Gamer aus dem gehobenen Marktsegment ansprechen, die gleiche Zielgruppe wie die Grafikkarte. Die Motherboards, mit einem verschiedenen Modell für jedes Spiel – iGame Ymir und iGame Ymir-U, bewahren die DNA der ursprünglichen Grafikkarten der iGame-Serie, einschließlich deren Merkmale wie der klassische iGame Pure Power Supply (I.P.P.) und die „exzessive" Versilberungstechnologie (SPT). Intels Z97-Chipset, Killer E2200 und Gamer Voice sind auf dem Motherboard installiert.

Darüber hinaus gibt Colorful Neuigkeiten über die iGame-Computergehäuse bekannt. Das iGame-Computergehäuse namens Mammoth wird als ein vollformatiger Tower geliefert und ist mit einem Doppelnetzteil ausgestattet, das viele Grafikkarten unterstützt. Das Computergehäuse ist für Spitzengamer und MOD-Fans konzipiert. Das prominenteste Merkmal ist die gewaltige Größe und die Funktionalisierung des Innenraums, der drei Reihen von 360ml-Wasserkühungsröhren aufnehmen kann, um mehr MOD-Spaß zu bieten. Die Vorderseite des Computergehäuses lässt sich wie ein Paar Flügel entfalten, während die Seitenplatten aus hochgradig transparentem Stalinit gefertigt sind.

Darüber hinaus wurden mehrere neue iGame-Grafikkarten auf der Konferenz präsentiert, darunter iGames Flaggschiffprodukt iGame 780Ti Kudan, iGame 750 Buri-Slim (Einzelsteckplatz) und iGame 750 Buri-LP (Flachformat). Außerdem stellte die Colorful Group zwei neue Konzeptprodukte vor, die 780 6G-Liquid-Grafikkarten mit Flüssigkühlsystem und Grafikkarten mit modularen Kühlern, die sich leicht montieren lassen. Diese zwei neuen Grafikkarten belegen die solide Stärke der Colorful Group im Bereich der Hardwaretechnologie.

Als weitere Neuigkeit gab die Colorful Group ihre Partnerschaft mit der Chaintech Technology Corporation und JD.com bekannt, mit der sie ihre internationale Marketingstrategie umsetzen will. JD.com, der größte unabhängig E-Business-Dienstleister Chinas, wird die Colorful Group bei ihrem Auftritt auf dem internationalen Markt als Partner unterstützen. Mit seinen starken Kapazitäten in Beschaffung und Logistik sowie seinem Plan für ein globales Logistiknetz wird JD.com die Produkte der Colorful Group über die Website JD.com bestellbar machen, wo Waren ohne geografische Einschränkungen gekauft werden können und schnell von den JD.com-Warenlagern an Kunden in aller Welt geliefert werden.

Themen: China, EUR

[Karlll]

Na ja, aktuell + 4% - es ging butterweich durch 27 US-$.

[Karlll]

... und ohne zu zucken ging es heute auch auf über 29 US-$.

Ich denke 30 werden eine Hürde sein. Aber bei einer 15-fach-Überzeichnung
wollen sich halt ein paar Spieler nachträglich eindecken.

[Karlll]

Die Luft wird dünner und daher geht es zurück, um ein Basislager zu bilden.

[Karlll]

Nun, da sollte JD doch evtl. etwas gleichartiges auf den Markt bringen, wenn das
den Absatz befördert, damit die 30 Dollar realisierbar sind.

[Karlll]

Nun, da sollte JD sich etwas adäquates einfallen lassen, damit es über 30 US-$ im
Kurs geht.

13:12
Smartphones
Amazons Fire Phone ist der Horror für Einzelhändler


Es sollte sich radikal von anderen Smartphones unterscheiden. Das Amazon-Smartphone weckt Neugier durch einen spektakulären 3-D-Bildschirm. Doch wirklich einen Unterschied macht die Shopping-Funktion. Von Benedikt Fuest

Amazon (Link: http://www.welt.de/boerse/aktien/Amazoncom-Inc-US0231351067.… -Chef Jeff Bezos präsentierte das erste Amazon-Smartphone (Link: http://www.amazon.com/dp/B00EOE0WKQ/ref=fp_dp_auto_play/180-… . Selten zuvor wurde eine Produktvorstellung des Internetkonzerns aus Seattle mit größerer Spannung erwartet. "Die meistgestellte Frage in den Interviews der vergangenen Zeit war: Wann baut Amazon ein eigenes Telefon?", sagte Bezos. Bis zur Vorstellung des Telefons war die Antwort der Amazon-Manager immer nur "no comment".

Nun kann Amazon endlich vorzeigen, woran seine Entwickler in den vergangenen Monaten gearbeitet haben: Bezos zeigte sein neues Fire Phone, ein schwarzes Edel-Smartphone (Link: http://www.welt.de/themen/smartphone/) aus Glas und Aluminium, mit hochauflösenden Kameras, 3-D-Display (Link: http://www.welt.de/129210513) und nahtloser Integration in Amazons Ökosystem aus Digital-Inhalten (Link: http://www.welt.de/128986349) und Einkaufsangeboten.

60.000 Journalisten, App (Link: http://www.welt.de/themen/apps/) -Entwickler und Fans hatten sich auf die 300 Sitzplätze im Fremont Theater in Seattle beworben, um als Erste das Amazon-Phone sehen zu dürfen, geschickt hatte Amazon die Spannung vor der Präsentation angeheizt, mit Teaser-Videos und Anspielungen die Erwartungen gesteigert.

Der Konzern muss die maximale mediale Aufmerksamkeit auf das Gerät lenken, denn ein Neueinstieg in den hart umkämpften Smartphone-Markt ist schwieriger denn je: Mittlerweile dominiert Googles Android-Betriebssystem (Link: http://www.welt.de/themen/betriebssysteme/) mit einem Marktanteil von knapp 80 Prozent das Smartphone-Geschäft, Zu-spät-Kommer wie Microsofts Nokia haben aktuell keine Chance, ihren Marktanteil in den zweistelligen Prozentbereich zu steigern.

Kinderbuch als Vorbild für Amazon-Strategie

Den 300 handverlesenen Gästen der Präsentation hatte Amazon vorab ein Kinderbuch namens "Mr. Pine's Purple House" geschickt, der Inhalt: Buchfigur Mr. Pine versucht verzweifelt, sein weißes Haus von den 49 anderen weißen Häusern in der Straße abzusetzen. Am Ende des Buches streicht Pine sein Haus violett.

Die Botschaft ist klar: Amazons Fire Phone muss sich von der Konkurrenz im Smartphone-Markt radikal unterscheiden, um von den Kunden als Alternative wahrgenommen zu werden. Nur mit völlig neuen Funktionen hat das Gerät im hart umkämpften Mobilgeschäft eine Chance auf Erfolg.

Nun versucht Amazon mit einem spektakulären 3-D-Bildschirm (Link: http://www.welt.de/129210513) die Aufmerksamkeit der Kunden zu erwecken. Doch das eigentliche Unterscheidungsmerkmal des Fire Phone ist nicht die revolutionäre 3-D-Technik, sondern die nahtlose Integration in Amazons Shopping-Universum.

Amazon muss Erfolg mit dem Smartphone haben

Für Amazon ist das eigene Smartphone ein Muss – der E-Commerce-Riese aus Seattle kann sich mittelfristig weder Abstinenz noch Versagen im Mobilgeschäft leisten. Denn Smartphones sind für immer mehr Nutzer die wichtigsten und persönlichsten Alltagsgeräte, auch nutzen sie sowohl im E-Commerce als auch beim Konsum digitaler Inhalte inzwischen immer öfter lieber das Smartphone als einen klassischen PC.

Aktuell werden bereits etwa 30 Prozent aller Online-Einkäufe bei Amazon über Smartphone-Apps getätigt, der Anteil dürfte in den kommenden Jahren rasant steigen. Wenn Amazons Kunden dafür Geräte nutzen, die nicht von Amazon selbst stammen, ist die Dominanz des Konzerns aus Seattle im Online-Einkauf langfristig nicht garantiert: Google (Link: http://www.welt.de/boerse/aktien/Google-Inc-US38259P5089.htm… arbeitet bereits an Werbefunktionen für seine Android-Smartphones, mit denen Nutzer auf lokale Angebote hingewiesen werden.

Apple (Link: http://www.welt.de/boerse/aktien/Apple-Inc-US0378331005.html… hat ein eigenes reichhaltiges Angebot digitaler Medien und kassiert zudem 30 Prozent Umsatzbeteiligung beim Verkauf digitaler Güter auf jedem iPhone. Die Beispiele zeigen: Amazon darf sich langfristig nicht mit Smartphone-Apps auf Geräten fremder Hersteller zufriedengeben, da diese eine eigene Agenda haben.

Fire Phone ist der Albtraum der Einzelhändler (Link: http://www.welt.de/themen/einzelhandel/)

Wenn der Konzern den engen Kontakt zu seinen Kunden halten will, muss er auch das Gerät definieren, mit dem sie shoppen. Amazons Fire Phone ist für diese Aufgabe optimiert, der Konzern definiert die Rolle des Smartphones neu und begreift es als eine Art Welt-Scanner. Mit einer hochauflösenden und besonders lichtstarken 13-Megapixel-Kamera auf der Rückseite des Gerätes können die Amazon-Kunden Gegenstände aufnehmen, das Gerät versucht dann zu erkennen, was es gerade sieht. Wer ein Produkt scannt, der kann es sofort in den Einkaufskorb seines Amazon-Kontos packen – damit wird das Fire Phone zum Albtraum jedes Einzelhändlers.

Auch Musikstücke und sogar Fernsehshows und Filme kann das Fire Phone erkennen, einmal identifizierte Musik können die Kunden über Amazons eigenen Abo-Musik-Service anhören, Videos in Amazons digitaler Videothek ansehen.

Das komplette Ökosystem digitaler Medien-Inhalte hat Amazon bereits realisiert – mit dem Fire Phone können Kunden die digitalen Inhalte nun auch unterwegs konsumieren. Das Gerät schließt damit eine elementare Lücke in Amazons Hardware-Angebot aus Tablets, der TV-Box Fire TV und den Kindle (Link: http://www.welt.de/themen/amazon-kindle/) -Lesegeräten. Es ist für die Zusammenarbeit mit den anderen Amazon-Geräten optimiert, kann etwa Videos per WLAN auf das Fire TV herübersenden.

Amazon muss mit den Telefonen kein Geld verdienen

Mit dem breiten Angebot eigener Geräte ähnelt Amazon mittlerweile immer stärker traditionellen Hardware-Bauern wie Apple. Doch der Konzern hat gegenüber der Konkurrenz einen entscheidenden Vorteil: Amazon muss mit dem Verkauf der Geräte kein Geld verdienen. Die Fire-Tablets etwa sind so knapp kalkuliert, dass Amazon bei den Basis-Geräten mit dem Verkauf der Hardware nichts verdient, dennoch amortisiert sich jedes einzelne Gerät, da die Kunden dank des Geräts mehr bei Amazon einkaufen als zuvor.

"Prime" heißt Amazons Premium-Abonnement, das alle Kunden des Fire Phone für ein Jahr umsonst bekommen. Die Dreingabe zahlt sich aus, Prime-Abonnenten geben mehr als doppelt so viel Geld bei Amazon aus wie normale Kunden.

Für 199 Dollar ist das Fire Phone im US-Markt ab Juli verfügbar, ob es mit seiner aufwendigen Kameratechnik für diesen Preis herstellbar ist, ist zweifelhaft. Doch dank der Scan-Funktion namens "Firefly" dürfte sich jedes einzelne Smartphone durch die zusätzlichen Einkaufsumsätze der Nutzer mehr als amortisieren.
© Axel Springer SE 2014. Alle Rechte vorbehalten

[Karlll]

Basislager gefunden?

[Innov80]

Ist sehr ruhig geworden um JD.com, aber solange es Richtung Norden geht ist es mir egal.

[Karlll]

Hatte mich heute früh schon gewundert, daß BID + ASK in GER in € ca.
4 % über Dollar-Parität lagen.

Zu dem Zeitpunkt fand ich aber noch keine Info.

Jetzt ist es klar.


Dienstag, 01.07.2014 - 13:59 Uhr

Barclays startet JD.com mit Overweight
Oliver Baron - Redakteur


Barclays startet JD.com mit Overweight und Kursziel $35.

[Karlll]

Antwort auf Beitrag Nr.: 47.240.558 von Karlll am 01.07.14 15:27:35

Während ich noch damit beschäftigt bin mich zu fragen, ob denn die 2-3% vom
Start weg gehalten werden können, geht es plötzlich ganz nassforsch über 30 US-Dollar.

Da bin ich dann wohl zu sehr dem kleinbürgerlichen Denken verhaftet gewesen.

Mal schaun, wo der Drehzahlbegrenzer greift.


Gruß
Karlll

[Innov80]

Hallo Karlll
Das sind mal sehr gute News

[Karlll]

War nur ein Abstecher über 30 US$.

Aber die sehen wir wieder bis spätestens Ende 3.Quartal wenn die Weltbörsen stabil bleiben.

Jetzt wollen die Investoren sicher erst einmal sehen, wie die Ergebnisse
des 2. Quartals aussehen.

Es bleibt spannend

[Karlll]

17.07.2014 | 10:31
PR Newswire·Mehr Nachrichten von PR Newswire
Paipai Re-launch to Bring JD.com Experience to C2C


BEIJING, July 17, 2014 /PRNewswire/ -- JD.com, Inc. ("JD.com" or the "Company") (NASDAQ: JD),China'slargest online direct sales company,today announced that Paipai, the consumer-to-consumer ("C2C") marketplace platform and a subsidiary of the Company has re-launched its site with the goal of bringing JD.com's superior shopping experience to China's C2C space. The enhanced platform reduces marketing costs for sellers and prioritizes search relevance over advertising, while providing the option to complete orders through JD.com's own nationwide fulfillment network.
CN98601LOGO

"Paipai's re-launch will help bring the superior experience consumers have come to expect from JD.com to a Chinese C2C e-commerce platform," commented JD.com Vice President and President of Paipai Kate Kui. "The new Paipai will provide consumers access to same-day and next-day delivery, and the excellent after sales service that they already enjoy with JD.com. We expect Paipai's re-launch will help sellers realize higher profit margins through lower marketing costs and bring consumers a superior e-commerce experience, which should help drive expansion of our business."

Following the acquisition of Paipai from TencentHoldings Limited ("Tencent" SEHK stock code: 00700) in March, 2014, JD.com worked to improve user experience on the Paipai platform, drawing on its broad sector expertise. As part of the re-launch, the Company announced improvements to Paipai's search function, including an algorithm that prioritizes sellers based on factors such as buyer feedback, variety of relevant products sold and other factors that aim to provide a better user experience. As with JD.com Marketplace, Paipai sellers will also have access to JD.com's superior self-operated last-mile logistics network and finance tools.

"JD.com has always been focused on superior service and products, and we have worked to ensure that Paipai's search results strongly prioritize sellers that receive the best feedback from users to give consumers greater confidence," Ms. Kui said. "Paipai now helps connect sellers with the most relevant buyers by leveraging shopping histories for an optimized experience. We have begun implementing aggressive plans to provide promotional advertising rates over the next year as we look to build out our seller base."

Leveraging JD.com's expertise in stringently vetting suppliers, Paipai has also begun implementing improved anti-counterfeiting measures to ensure the authenticity of products sold.

"We believe that over time, consumers will associate Paipai with the same traditional strengths as JD.com in the areas of product authenticity, speedy delivery and superior mobile experience," said Ms. Kui.

The Company said that over the next three to five years, Paipai will prioritize investment, with a focus on building the strength of its brand, user experience and overall offer.

About Paipai

Launched in 2006, Paipai (www.paipai.com), a wholly-owned subsidiary of JD.com, is a C2C online marketplace in China. Paipai offers sellers the option to use JD.com's nationwide fulfillment infrastructure and finance tools. JD.com acquired Paipai in March 2014 as part of its strategic partnership with Tencent.

[Innov80]

Mal sehen wie es weiter geht?

[Innov80]

Ziemlich ruhig hier

[Karlll]

Könnte mir gut vorstellen, das etliche Anleger nach den schlechten AMZN-
Quartalsergebnissen auf neue Brautschau gehen und evtl. hier landen.

Gruß
Karlll

[Karlll]

Gestern erster SK über 30 US-$ in Erwartung der Zahlen. Mal schaun, ob JD mit
den Earnings evtl. sogar im Plus landen kann.



JD.com to Report Second Quarter 2014 Financial Results on August 15, 2014

BEIJING, Aug. 1, 2014 /PRNewswire/ -- JD.com, Inc. ("JD.com" or the "Company") (NASDAQ: JD), China's largest online direct sales company, today announced that it plans to release its unaudited second quarter 2014 financial results on Friday, August 15, 2014, before the market opens.

JD.com's management will hold a conference call at 8:00 am Eastern Time on August 15, 2014 (8:00 pm Beijing/Hong Kong Time on August 15, 2014) to discuss the second quarter 2014 financial results.

Listeners may access the call by dialing the following numbers:

US:


1855-298-3404 or [phone]

Hong Kong


800-905-927 or [phone]

China


400-1200-539

International


[phone]

Passcode: 8373385

A telephone replay will be available from 11:00 am Eastern Time on August 15, 2014 through 11:59 pm Eastern Time on August 22, 2014. The dial-in details are as follows:

US:


1866 846 0868

International


[phone]

Passcode: 8373385

[Karlll]

Licht und Schatten

Hohe Zuwachsraten weiterhin beim Umsatz. Gewinnzone im operativen Geschäft nicht
erreicht.

... und der Markt? (wird uns heute abend zeigen, wie er die Zahlen bewertet).



JD.com Q2 Loss Widens - Quick Facts
JD.com Inc. (JD) Has Spiked To A New High For The Year
JD.com Prices IPO - Quick Facts
8/15/2014 5:56 AM ET

JD.com Inc. (JD: Quote), an online direct sales company in China, reported that its net loss attributable to holders of permanent equity securities for the second quarter of 2014 widened to RMB 7.05 billion or $1.14 billion from RMB 484.21 million in the same quarter. Net loss per ADS for the second quarter was RMB5.86 or $0.94, compared to a loss of RMB0.57 for the second quarter of 2013.

Net loss for the second quarter was RMB 582.5 million or $93.9 million, compared to a loss of RMB28.3 million for the same period last year. The wider loss was primarily due to amortization of intangible assets resulting from assets and business acquisitions related to the Tencent strategic partnership.

Non-GAAP net loss for the second quarter was RMB11.8 million or $1.9 million as compared to non-GAAP net income of RMB37.5 million in the prior year. Non-GAAP net loss per ADS for the second quarter of 2014 was RMB0.01 or $0.00 as compared to non-GAAP net income per ADS of RMB0.04 in the second quarter of 2013.

Quarterly net revenues were RMB28.6 billion or $4.6 billion, representing a 64% increase from the same period in 2013. GMV for the second quarter was RMB63.0 billion or $10.2 billion, up 107% from last year.

The increase in its GMV and net revenues were primarily due to the growth in our active customer accounts from 19.6 million in the second quarter of 2013 to 38.1 million in the second quarter of 2014, and the growth in the number of fulfilled orders from 72.6 million in the second quarter of 2013 to 163.7 million in the second quarter of 2014.

Net revenues from online direct sales increased by 60%, and net revenues from services and others increased by 186% in the second quarter of 2014 as compared to the second quarter of 2013, primarily due to the increased revenue from our rapidly expanding online marketplace and advertising service.

Analysts polled by Thomson Reuters expected the company to report a loss of $0.02 per share and revenues of $4.39 billion for the second-quarter. Analysts' estimates typically exclude special items.

Net revenues for the third quarter of 2014 are expected to be between RMB28.0 billion and RMB29.0 billion, representing growth of between 55% and 61% compared with the third quarter of 2013.


by RTT Staff Writer

[Karlll]

Antwort auf Beitrag Nr.: 47.525.431 von Karlll am 15.08.14 12:22:30

Aktuell ./. 8 % in Pre-Market

[Karlll]

... und heute aktuell + 5% mit neuem ATH.


Na also, geht doch.

[Innov80]

Sehr schöner Chart.

[Karlll]

Nun am 17. 11. gibt es Zahlen, da können wir uns das mal anschauen.
Es ist und bleibt spannend, nachdem JD zurückgekommen war.



JD Earnings Date
Earnings announcement* for JD: Nov 17, 2014

JD.com, Inc. is expected* to report earnings on 11/17/2014 before market open. The report will be for the fiscal Quarter ending Sep 2014. According to Zacks Investment Research, based on 1 analysts' forecasts, the consensus EPS forecast for the quarter is $-0.05.

Read more: http://www.nasdaq.com/earnings/report/jd#ixzz3Im6zKqDC

[Karlll]

Da wird heute sicher noch einmal Bewegung im Kurs sein, da die Zahlen am
Montag vor Eröffnung in Amiland bekanntgegeben werden.

[Karlll]

Insgesamt eine schwierige Gemengelage

Beware of 'lockup' share tsunami for this Alibaba rival
John Jannarone | @jannarone
Friday, 14 Nov 2014 | 2:27 PM


There's more where that came from—such a warning label should be slapped on shares of some companies that recently listed in the U.S.

In a potential attempt to keep supply limited—and share prices firm—certain Chinese companies have chosen to issue a very small percentage of their outstanding stock to the public. The average float for the 12 Chinese IPOs listed in the U.S. so far this year is 14.3 percent, versus an average of 31 percent for all new issues, according to Dealogic.

One salient example is e-commerce company JD.com, which raised $2 billion in a late May IPO. A mere 7.8 percent of outstanding shares were sold in the IPO—the seventh-smallest percentage of 264 U.S. listings so far this year, Dealogic said.

The trouble is that JD's share float may soon get much, much bigger. While some of the company's early investors sold shares in the IPO, they continue to hold the vast majority of their original stakes. JD declined to comment.

Those investors are bound by a so-called lockup agreement that prevents them from selling their shares for 180 days after the IPO, or sometime next week. Incidentally, JD will report its third-quarter earnings on Nov. 17, which triggers another 18-day wait on the lockup. Assuming the company has no other material news events, the lockup should expire on or around Dec. 5.

Read MoreWaiting for Alibaba IPO? Beware this substitute

Some 620 million shares are held between six early investors: Tiger Global Management, Russian venture capitalist Yuri Milner's DST Global, U.S. venture capital firm Sequoia Capital, along with Chinese investment firms Hillhouse Capital, Capital Today and Bull Capital Partners. Tiger Global and Sequoia declined to comment and the other firms didn't respond to requests for comment from CNBC.

If all of those investors were to sell, the float would expand by sixfold: just 108 million shares were sold in the IPO. The company's total share count is around 1.4 billion, according to UBS. The remaining locked-up shares held by JD management and strategic investor Tencent will also be released eventually under different schedules.

Big lockup expirations can have a painful impact. Shares of Twitter dropped 18 percent on extremely heavy volume on May 6, the day its lockup expired. Groupon also fell hard the day its lockup expired in June 2012. Granted, lockups aren't always so painful. Facebook shares rose on the day of its largest lockup expiry, but that situation was unusual because the social network's shares were heavily shorted and near their lowest-ever levels.

It's hard to predict which early investors might sell and how much they would want to unload. But it appears that some of them have already achieved amazing returns.

Take Capital Today. According to an interview with founder Kathy Xu posted on the firm's website, Capital Today has made a hundredfold return on its initial investment. Xu also describes tough times in 2008, when JD was desperate for funding. At one point, JD was haggling with an investor over valuing the entire company at $30 million or $45 million, she says. The company's market capitalization today is $36 billion.

JD.com IPO is 15 times oversubscribed

For such an investor, it would be hard to justify holding on to the stock and waiting for more. As an equity-capital markets banker at a major Wall Street bank points out, many investors judge their performance on an annualized basis. For someone who is already up by such an order of magnitude, a stock would need to continue rising at an extraordinary pace to maintain the annualized rate of return.

Even investors who bought JD much later appear to be sitting on massive paper profits. Milner's DST, for instance, bought some of its stake in February 2013 for the equivalent of $7.81 per share, according to public filings. The stock now trades at about $27.

Given such large gains, it's hard to imagine the investors wanting to gamble on a publicly traded stock. And those firms that are essentially venture capital investors don't tend to hold on to public companies for long anyway.

There's another reason to be concerned about JD's share price if more stock hits the market. JD, which has large exposure to a low-margin direct sales business like Amazon's, doesn't earn any profit. Consensus estimates reflect negative $154 million of earnings before interest, taxes, depreciation and amortization in 2015. If the stock were to fall after new shares hit the market, it would be hard to point to any earnings metric for support.

Shares of JD have risen 40 percent from their IPO price of $19 in late June, while rival Alibaba has gained 69 percent from its September debut. While JD is already the laggard, its uphill battle may soon get even steeper.

[Karlll]

Was der Markt daraus macht wir u. U. der CC entscheiden.



JD.com Announces Third Quarter 2014 Results
Published: Nov 17, 2014 3:41 a.m. ET
GMV in Q3 2014 Increases by 111% Year-Over-Year

BEIJING, Nov. 17, 2014 /PRNewswire/ -- JD.com, Inc. ("JD.com" or the "Company") JD, -1.13% China's largest online direct sales company, today announced its unaudited financial results for the quarter ended September 30, 2014.

Third Quarter 2014 Highlights[1]

GMV for the third quarter of 2014 was RMB67.3 billion (US$11.0 billion), an increase of 111% compared with the third quarter of 2013.
Net revenues for the third quarter of 2014 were RMB29.0 billion (US$4.7 billion), an increase of 61% from the third quarter of 2013.
Net loss for the third quarter of 2014 was RMB164.4 million (US$26.8 million) and net margin was -0.6%. Non-GAAP net income for the third quarter of 2014 was RMB370.8 million (US$60.4 million) and non-GAAP net margin was 1.3%.
Active customer accounts [2] increased from 22.1 million in the third quarter of 2013 to 46.1 million in the third quarter of 2014, an increase of 109%.
Fulfilled orders in the third quarter of 2014 were 178.2 million, an increase of 119% from 81.5 million for the same period in 2013. Fulfilled orders placed through mobile accounted for approximately 29.6% of total orders fulfilled in the third quarter of 2014, a 534% increase compared to the same period in 2013.

[1] The U.S. dollar (USD) amounts disclosed in this press release, except for those transaction amounts that were actually settled in U.S. dollars, are presented solely for the convenience of the reader. The conversion of Renminbi (RMB) into USD in this press release is based on the noon buying rate in The City of New York for cable transfers in RMB per USD as certified for customs purposes by the Federal Reserve Bank of New York as of September 30, 2014, which was RMB6.1380 to USD1.00. The percentages stated in this press release are calculated based on the RMB amounts.

[2] Active customer accounts are customer accounts that made at least one purchase during the specified period, whether through online direct sales or online marketplaces, which include Paipai since the third quarter of 2014.

"We maintained excellent momentum in the third quarter as we saw stronger than expected year-over-year growth in both gross merchandise volume and active customer accounts," said Richard Liu, founder, Chairman and Chief Executive Officer of JD.com. "We solidified our market leadership through multiple initiatives to enhance customer experience, extend coverage in lower-tier cities, increase mobile penetration and position JD.com as the most trusted e-commerce platform in China."

"GMV generated from our marketplace tripled compared to the third quarter of 2013 as we expanded our merchant base and diversified our product offerings," continued Mr. Liu. "We also improved our mobile offerings on both the JD.com native app and our level-one access points on Weixin and Mobile QQ, spurring mobile orders to grow more than five times year-over-year. Looking forward, we will continue to improve JD.com's customer experience by extending our industry leadership in product authenticity, rapid delivery, and superior customer service."

"We are very pleased to deliver accelerated top line growth, while achieving higher than expected profitability in a seasonally slow quarter," commented Sidney Huang, JD.com's Chief Financial Officer. "We will continue to focus on investing in new strategic initiatives, improving customer experience, enhancing brand recognition and increasing penetration in lower-tier cities. I'm confident this will enable us to win customers and build market share in the years ahead."

Recent Business Developments

In July, JD Finance launched crowdfunding platform "Coufenzi" to provide funding for creative business concepts. Concurrently, JD.com also unveiled several crowdfunding projects focused on the smart hardware and popular culture industries.
In August, JD.com became the first e-commerce company in China to leverage high-speed rail for shipping. Six high-speed trains travelling daily between Beijing, Shanghai and Guangzhou are used to deliver JD.com's orders, which has reduced shipping time and enhanced JD.com's customer experience.
In October, JD.com launched the initial phase of its first cutting edge, highly-automated "Asia No.1" warehouse in Shanghai as part of an initiative to strengthen its nationwide fulfillment infrastructure. The initial phase of the warehouse, comprising total floor area of 100,000 square meters with capacity to sort up to 16,000 packages per hour, has expanded JD.com's fulfillment ability to support its future growth.
During the third quarter of 2014, JD.com significantly enhanced its advertising platform's mobile capabilities through its collaboration with Tencent's advertising platform. The partnership improves the ability of JD.com vendors to target relevant audiences, particularly on Weixin and Mobile QQ, and to boost mobile traffic.
JD.com extended its leadership in self-operated logistics capabilities among e-commerce companies in China. As of September 30, 2014, JD.com operated 118 warehouses with an aggregate gross floor area of approximately 2.3 million square meters, 2,045 delivery stations and 1,045 pickup stations. Our delivery network covered 1,855 counties and districts as of September 30, 2014. The Company's 211 same-day and next-day delivery program covered 130 and 815 counties and districts, respectively, as of September 30, 2014, rising from 111 and 622 counties and districts, respectively, as of June 30, 2014.
JD.com had approximately 50,000 merchants on its online marketplace as of September 30, 2014 and a total of 62,051 full-time employees as of September 30, 2014.

Third Quarter 2014 Financial Results

GMV and Net Revenues. GMV for the third quarter of 2014 was RMB67.3 billion (US$11.0 billion), up 111% from the third quarter of 2013. GMV from our online direct sales and our online marketplace businesses increased from RMB24.2 billion and RMB7.7 billion, respectively, in the third quarter of 2013 to RMB40.5 billion and RMB26.8 billion, respectively, in the third quarter of 2014. GMV from electronics and home appliance products, increased from RMB20.7 billion in the third quarter of 2013 to RMB36.3 billion in the third quarter of 2014, while GMV from general merchandise and others increased from RMB11.2 billion in the third quarter of 2013 to RMB31.0 billion in the third quarter of 2014. Percentage of GMV from general merchandise and others of our total GMV increased from 35.1% in the third quarter of 2013 to 46.0% in the third quarter of 2014.

For the third quarter of 2014, JD.com reported net revenues of RMB29.0 billion (US$4.7 billion), representing a 61% increase from the same period in 2013. The increase in our GMV and net revenues were primarily due to the growth in our active customer accounts from 22.1 million in the third quarter of 2013 to 46.1 million in the third quarter of 2014, and the growth in the number of fulfilled orders from 81.5 million in the third quarter of 2013 to 178.2 million in the third quarter of 2014. Net revenues from online direct sales increased by 57%, while net revenues from services and others increased by 184% in the third quarter of 2014 as compared to the third quarter of 2013, primarily due to the increased revenues from our rapidly expanding online marketplace and advertising service.

Cost of Revenue s . Our cost of revenues increased by 57% from RMB16.3 billion in the third quarter of 2013 to RMB25.5 billion (US$4.1 billion) in the third quarter of 2014. The increase was primarily due to the growth of our direct sales business.

Fulfillment Expenses . Our fulfillment expenses, which primarily include procurement, warehousing, delivery and customer service expenses, increased by 105% from RMB1.0 billion in the third quarter of 2013 to RMB2.1 billion (US$0.3 billion) in the third quarter of 2014. This increase was primarily due to the expansion of our delivery service provided to the merchants on our marketplace and the increase in the number of fulfillment employees associated with the expansion of our fulfillment infrastructure to smaller cities.

Marketing Expenses . Our marketing expenses increased by 134% from RMB376.6 million in the third quarter of 2013 to RMB880.0 million (US$143.4 million) in the third quarter of 2014. This increase was primarily due to the amortization of intangible assets related to our strategic cooperation with Tencent.

Technology and Content Expenses . Our technology and content expenses increased by 104% from RMB251.1 million in the third quarter of 2013 to RMB512.0 million (US$83.4 million) in the third quarter of 2014. This increase was primarily due to the increase in the headcount of our technology employees, which included the addition of research and development talent after the Tencent transaction in March 2014 and the hiring of additional senior and experienced technology employees to execute our strategies to continuously improve our mobile and big data technologies.

General and Administrative Expenses . Our general and administrative expenses increased by 126% from RMB194.8 million in the third quarter of 2013 to RMB439.4 million (US$71.6 million) in the third quarter of 2014. This increase was primarily due to the amortization of intangible assets related to our strategic partnership with Tencent, the increase in share-based compensation expenses as well as the increase in staff costs associated with the increase in headcount of general and administrative employees.

Net Loss. Net loss for the third quarter of 2014 was RMB164.4 million (US$26.8 million), compared to RMB75.0 million net income for the same period last year. The change was primarily due to amortization of intangible assets resulting from assets and business acquisitions related to the Tencent strategic partnership. Non-GAAP net income[3] for the third quarter of 2014 was RMB370.8 million (US$60.4 million) as compared to RMB141.2 million in the third quarter of 2013. Non-GAAP net margin for the third quarter of 2014 was 1.3% as compared to 0.8% in the third quarter of 2013.

Net Loss Per ADS [4] . Net loss per ADS for the third quarter of 2014 was RMB0.12(US$0.02), compared to RMB0.78 for the third quarter of 2013. Non-GAAP net income per ADS[5] for the third quarter of 2014 was RMB0.27(US$0.04) as compared to RMB0.17 in the third quarter of 2013.

Cash Flow and Working Capital

As of September 30, 2014, the Company's cash and cash equivalents, restricted cash and short-term investments totaled RMB36.3 billion (US$5.9 billion). For the third quarter of 2014, free cash flow[6] was as follows:


Our accounts payable primarily include accounts payable to suppliers associated with our online direct sales business and those to third-party sellers on our online marketplace. From late 2013, we started to provide supply chain financing to our suppliers of online direct sales business. As of December 31, 2013 and September 30, 2014, the balances of financing we provided to our suppliers amounted to RMB0.1 billion and RMB1.4 billion (US$0.2 billion), respectively. Our accounts payable turnover days[8] for online direct sales business excluding the impact from supply chain financing were 46.5 days in the third quarter of 2013 and 47.9 days in the third quarter of 2014.

Our net inventories have increased from RMB6.4 billion as of December 31, 2013 to RMB11.1 billion (US$1.8 billion) as of September 30, 2014. Our inventory turnover days[9] were 37.2 days in the third quarter of 2013 and 38.7 days in the third quarter of 2014.

Fourth Quarter 2014 Guidance

Net revenues for the fourth quarter of 2014 are expected to be between RMB32 billion and RMB33 billion, representing a growth rate between 59% and 64% compared with the fourth quarter of 2013. This forecast reflects JD.com's current and preliminary expectation, which is subject to change.

Non-GAAP Measures

In evaluating our business, we consider and use non-GAAP measures, non-GAAP net income/(loss) and free cash flow, as supplemental measures to review and assess our operating performance. The presentation of these non-GAAP financial measures is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP"). We define non-GAAP net income/(loss) as net loss excluding share-based compensation and amortization of intangible assets resulting from assets and business acquisitions. We define free cash flow as operating cash flow adding back the impact from internet financing activities and less capital expenditures, which include purchases of property, equipment and software, cash paid for construction in progress, purchase of office building, intangible assets and land use rights.

We present these non-GAAP financial measures because they are used by our management to evaluate our operating performance and formulate business plans. Non-GAAP net income/(loss) enables our management to assess our operating results without considering the impact of share-based compensation and amortization of intangible assets resulting from assets and business acquisitions, which are non-cash charges. Free cash flow enables our management to assess our liquidity and cash flow while taking into account the impact from internet financing activities and the demands that the expansion of our fulfillment infrastructure and technology platform has placed on our financial resources. We also believe that the use of the non-GAAP measure facilitates investors' assessment of our operating performance.

These non-GAAP financial measures are not defined under U.S. GAAP and are not presented in accordance with U.S. GAAP. The non-GAAP financial measures have limitations as analytical tools. One of the key limitations of using non-GAAP net income/(loss) is that it does not reflect all items of income and expense that affect our operations. Share-based compensation and amortization of intangible assets resulting from assets and business acquisitions have been and may continue to be incurred in our business and are not reflected in the presentation of non-GAAP net income/(loss). One of the key limitations of free cash flow is that it does not represent the residual cash flow available for discretionary expenditures. Further, these non-GAAP measures may differ from the non-GAAP information used by other companies, including peer companies, and therefore their comparability may be limited.

We compensate for these limitations by reconciling the non-GAAP financial measures to the nearest U.S. GAAP performance measure, all of which should be considered when evaluating our performance. We encourage you to review our financial information in its entirety and not rely on a single financial measure.

[3] As used in this press release, non-GAAP net income/(loss) is defined to exclude share-based compensation and amortization of intangible assets resulting from assets and business acquisitions from net loss. See "Reconciliation of GAAP and non-GAAP Results" at the end of this press release.

[4] Each ADS represents two class A ordinary shares.

[5] As used in this press release, non-GAAP net income/(loss) per weighted average shares is calculated by dividing non-GAAP net income/(loss) by the weighted average number of shares of permanent equity securities outstanding during the period. Non-GAAP net income/(loss) per ADS is equal to non-GAAP net income/(loss) per weighted average shares multiplied by two.

[6] As used in this press release, non-GAAP free cash flow is defined as operating cash flow adding back the impact from internet financing activities and less capital expenditures, which include purchases of property, equipment and software, cash paid for construction in progress, purchase of office building, intangible assets and land use rights.

[7] Internet financing activities include financial products, primarily "Jingbaobei" and "JD Baitiao", we provide to our suppliers and customers.

[8] As used in this press release, accounts payable turnover days for a given period are equal to average accounts payable balances at the beginning and the end of the period divided by total cost of revenues during the period and then multiplied by the number of days during the period.

[9] As used in this press release, inventory turnover days for a given period are equal to average inventory balances at the beginning and the end of the period divided by total cost of revenues during the period and then multiplied by the number of days during the period.

Conference Call

JD.com's management will hold a conference call at 7:30 am Eastern Time on November 17, 2014 (8:30 pmBeijing/Hong Kong Time on November 17, 2014) to discuss the third quarter 2014 financial results.

Listeners may access the call by dialing the following numbers:

US Toll Free:


855-298-3404 or [phone]

Hong Kong


800-905-927 or [phone]

Mainland China


400-1200-539

International


[phone]

Passcode:


3537070

[Karlll]

JD.com to Report Fourth Quarter and Full Year 2014 Financial Results on March 3,2015
Published: Feb 13, 2015 4:00 a.m. ET
BEIJING, Feb 13, 2015

JD.com, Inc. ("JD.com" or the "Company") JD, -0.34% China's largest online direct sales company, today announced that it plans to release its unaudited fourth quarter and full year 2014 financial results on Tuesday, March 3, 2015, before the market opens.

JD.com's management will hold a conference call at 7:30 am US Eastern Time on March 3, 2015, (8:30 pm Beijing/Hong Kong Time on March 3)(8:2015) to discuss the fourth quarter and full year 2014 financial results.

[Karlll]

Source: JD.com
March 03, 2015 04:33 ET
JD.com Announces Fourth Quarter and Full Year 2014 Results

BEIJING, March 3, 2015 (GLOBE NEWSWIRE) -- JD.com, Inc. ("JD.com" or the "Company") (Nasdaq:JD), China's largest online direct sales company, today announced its unaudited financial results for the quarter and full year ended December 31, 2014.

Fourth Quarter 2014 Highlights1

GMV for the fourth quarter of 2014 was RMB85.8 billion (US$13.8 billion), an increase of 119% compared with the fourth quarter of 2013.

Net revenues for the fourth quarter of 2014 were RMB34.7 billion (US$5.6 billion), an increase of 73% from the fourth quarter of 2013.

Net loss for the fourth quarter of 2014 was RMB454.3 million (US$73.2 million) and net margin was negative 1.3%. Non-GAAP net income2 for the fourth quarter of 2014 was RMB83.8 million (US$13.5 million) and non-GAAP net margin was 0.2%.

Annual active customer accounts3 increased by 104% to 96.6 million in the twelve months ended December 31, 2014 from 47.4 million in the twelve months ended December 31, 2013.

Fulfilled orders in the fourth quarter of 2014 were 217.8 million, an increase of 95% from 111.7 million for the same period in 2013. Fulfilled orders placed through mobile accounted for approximately 36.0% of total orders fulfilled in the fourth quarter of 2014, a 372% increase compared to the same period in 2013.

"Our commitment to providing the best e-commerce experience for Chinese consumers enabled us to deliver excellent results in the fourth quarter," said Richard Liu, founder, Chairman and Chief Executive Officer of JD.com. "Our growing reputation for product authenticity and amazingly fast delivery drove very encouraging increases in total active customers and total fulfilled orders. During the quarter, we expanded our reach in lower-tier markets and enhanced our mobile platforms to capture more of the fast-rising consumer demand across China for high-quality products and a trusted shopping experience."

"We recorded stronger than expected top line growth and healthy margin improvement in the fourth quarter, underscoring the success of our sustained emphasis on customer experience and operational efficiency," commented Sidney Huang, JD.com's Chief Financial Officer. "As we move into 2015, we will continue to invest in long-term growth, including enhancing our brand awareness, expanding our fulfillment capability and broadening our product offerings. We are confident that by focusing on building our reputation and market share we will further strengthen JD.com's position in 2015."

Recent Business Developments

In the fourth quarter of 2014, JD.com's shopping channels on Weixin and Mobile QQ saw continued improvement in user experience and order conversion. The average daily GMV from these two social network channels more than doubled from their third quarter level.

JD.com continues to enhance its position as a leading e-commerce platform in China for authentic and high-quality products through partnerships with internationally renowned brands. During the fourth quarter, Samsonite and GAP were among the dozens of international brands that opened flagship stores on JD.com's marketplace.

In October, JD.com announced a partnership with more than 40 leading computer and cell phone manufacturers, including Dell, Acer, ZTE, Sony and Lenovo. Leveraging JD.com's nationwide fulfillment network and in-house aftersales teams, the parties will work together to provide enhanced maintenance services for electronic products and to simplify the aftersales process for both customers and manufacturers.

In December, JD.com established its first rural service center in Renshou County, Sichuan Province to provide easier and cheaper shopping options to customers in rural markets. The service center is the first of many similar planned centers, which aim to enhance JD.com's delivery capabilities in rural areas and to increase the Company's brand awareness and customer engagement throughout rural areas in China.

In the lead up to the Chinese New Year holiday, the peak period for purchases of high-end alcoholic spirits in China, JD.com partnered with leading Chinese liquor producers to bring customers guaranteed authentic products during the holiday season. JD.com signed distribution agreements with eight of the most popular Chinese liquor brands in China, including an exclusive e-commerce partnership agreement with the country's best-known liquor maker Maotai.

During the fourth quarter, JD.com extended its leadership in fulfillment capabilities among e-commerce companies in China. As of December 31, 2014, JD.com operated 123 warehouses and a total of 3,210 delivery stations and pickup stations and its delivery network covered 1,862 counties and districts. JD.com's 211 same-day and next-day delivery program covered 134 and 866 counties and districts, respectively, as of December 31, 2014, compared to 130 and 815 counties and districts, respectively, as of September 30, 2014.

JD.com had approximately 60,000 merchants on its online marketplace and a total of 68,109 full-time employees as of December 31, 2014.

Fourth Quarter 2014 Financial Results

GMV and Net Revenues. GMV for the fourth quarter of 2014 was RMB85.8 billion (US$13.8 billion), up 119% from the fourth quarter of 2013. GMV from the online direct sales and online marketplace businesses totaled RMB48.4 billion and RMB37.4 billion, respectively, in the fourth quarter of 2014, an increase of 77% and 220%, respectively, from the fourth quarter of 2013. GMV from electronics and home appliance products was RMB42.8 billion in the fourth quarter of 2014, an increase of 83% from the fourth quarter of 2013, while GMV from general merchandise and others was RMB43.0 billion in the fourth quarter of 2014, an increase of 173% from the fourth quarter of 2013. As a percentage of total GMV, GMV from general merchandise and others increased to 50.1% in the fourth quarter of 2014 from 40.2% in the fourth quarter of 2013.

For the fourth quarter of 2014, JD.com reported net revenues of RMB34.7 billion (US$5.6 billion), representing a 73% increase from the same period in 2013. The increases in GMV and net revenues were primarily due to the growth in quarterly active customer accounts4 to 54.7 million in the fourth quarter of 2014 from 27.7 million in the fourth quarter of 2013, and the growth in the number of fulfilled orders to 217.8 million in the fourth quarter of 2014 from 111.7 million in the fourth quarter of 2013. Net revenues from online direct sales increased by 67%, while net revenues from services and others increased by 199% in the fourth quarter of 2014 as compared to the fourth quarter of 2013, primarily due to the increased revenues from the Company's rapidly expanding online marketplace and advertising services.

Cost of Revenues. Cost of revenues increased by 68% to RMB30.3 billion (US$4.9 billion) in the fourth quarter of 2014 from RMB18.1 billion in the fourth quarter of 2013. The increase was primarily due to the growth of the Company's direct sales business and the increased traffic acquisition costs directly related to the online marketing services provided to merchants and suppliers.

Fulfillment Expenses. Fulfillment expenses, which primarily include procurement, warehousing, delivery and customer service expenses, increased by 107% to RMB2.6 billion (US$0.4 billion) in the fourth quarter of 2014 from RMB1.3 billion in the fourth quarter of 2013. This increase was primarily due to the expansion of delivery services provided to merchants on the Company's marketplace and the expansion of the Company's fulfillment infrastructure to smaller cities.

Marketing Expenses. Marketing expenses increased by 181% to RMB1.5 billion (US$0.2 billion) in the fourth quarter of 2014 from RMB0.5 billion in the fourth quarter of 2013. Non-GAAP marketing expenses5 increased by 121% to RMB1.2 billion (US$0.2 billion) in the fourth quarter of 2014 from RMB0.5 billion in the fourth quarter of 2013. The increase of non-GAAP marketing expenses was primarily due to increased brand advertising and other marketing activities, including advertising expenditure on both online and offline channels for the special promotional campaigns during China's online shopping festival in November 2014.

Technology and Content Expenses. Technology and content expenses increased by 124% to RMB618.9 million (US$99.8 million) in the fourth quarter of 2014 from RMB275.8 million in the fourth quarter of 2013. This was primarily due to an increase in the number of technology employees, which included the addition of research and development talent after the Tencent transaction in March 2014, as well as senior technology employees hired to continuously improve the Company's mobile and big data technologies.

General and Administrative Expenses. General and administrative expenses increased by 94% to RMB491.3 million (US$79.2 million) in the fourth quarter of 2014 from RMB253.3 million in the fourth quarter of 2013. Non-GAAP general and administrative expenses increased by 63% to RMB349.7 million (US$56.4 million) in the fourth quarter of 2014 from RMB214.9 million in the fourth quarter of 2013.

Net Loss and Non-GAAP Net Income/(Loss). Net loss for the fourth quarter of 2014 was RMB454.3 million (US$73.2 million), compared to RMB110.0 million for the same period last year, primarily due to amortization of intangible assets resulting from assets and business acquisitions related to the Tencent strategic partnership. Non-GAAP net income for the fourth quarter of 2014 was RMB83.8 million (US$13.5 million) as compared to non-GAAP net loss of RMB36.4 million in the fourth quarter of 2013. Non-GAAP net margin for the fourth quarter of 2014 was 0.2% as compared to negative 0.2% in the fourth quarter of 2013.

Net Loss Per ADS6 and Non-GAAP Net Income/(Loss) Per ADS7. Net loss per ADS for the fourth quarter of 2014 was RMB0.33 (US$0.05), compared to RMB0.45 for the fourth quarter of 2013. Non-GAAP net income per ADS for the fourth quarter of 2014 was RMB0.06 (US$0.01) as compared to non-GAAP net loss per ADS of RMB0.04 in the fourth quarter of 2013.

Cash Flow and Working Capital

As of December 31, 2014, the Company's cash and cash equivalents, restricted cash and short-term investments totaled RMB32.1 billion (US$5.2 billion). For the fourth quarter of 2014, free cash flow8 was as follows:
For the three months ended
December 31,
2013 December 31,
2014 December 31,
2014
RMB RMB USD
(In thousands)
Net cash provided by/(used in) operating activities 1,454,928 (1,245,044) (200,665)
Add: Impact from internet financing activities9 68,737 784,944 126,510
Less: Capital expenditures (393,637) (780,333) (125,767)
Free cash flow in/(out) 1,130,028 (1,240,433) (199,922)

Accounts payable primarily include accounts payable to suppliers associated with the Company's online direct sales business and those to third-party sellers on the Company's online marketplace. From late 2013, the Company started to provide supply chain financing to the Company's suppliers of online direct sales business. As of December 31, 2014 and December 31, 2013, the balances of financing provided to the Company's suppliers amounted to RMB1.5 billion (US$0.2 billion) and RMB0.1 billion, respectively. The Company's accounts payable turnover days10 for the online direct sales business excluding the impact from supply chain financing were 40.5 days in the fourth quarter of 2014 and 38.6 days in the fourth quarter of 2013.

Net inventories increased to RMB12.2 billion (US$2.0 billion) as of December 31, 2014 from RMB6.4 billion as of December 31, 2013. Inventory turnover days11 were 34.6 days in the fourth quarter of 2014 and 32.1 days in the fourth quarter of 2013.

Full Year 2014 Financial Results

GMV and Net Revenues. GMV for the full year of 2014 was RMB260.2 billion (US$41.9 billion), up 107% from the full year of 2013. GMV from the Company's online direct sales and the Company's online marketplace business totaled RMB159.3 billion and RMB100.9 billion, respectively, for the full year of 2014, an increase of 70% and 217%, respectively, from the full year of 2013. GMV from electronics and home appliance products was RMB140.8 billion in the full year of 2014, an increase of 78% from the full year of 2013, while GMV from general merchandise and others was RMB119.4 billion in the full year of 2014, an increase of 158% from the full year of 2013. As a percentage of total GMV, GMV from general merchandise and others increased to 45.9% in the full year of 2014 from 36.8% in the full year of 2013.

For the full year of 2014, JD.com reported net revenues of RMB115.0 billion (US$18.5 billion), representing a 66% increase from the full year of 2013. The increases in GMV and net revenues were primarily due to the growth in annual active customer accounts to 96.6 million in the full year of 2014 from 47.4 million in the full year of 2013, and the growth in the number of fulfilled orders to 689.0 million in the full year of 2014 from 323.3 million in the full year of 2013. Net revenues from online direct sales increased by 62%, while net revenues from services and others increased by 178% in the full year of 2014 as compared to the full year of 2013, primarily due to the increased revenues from the Company's rapidly expanding online marketplace and advertising services.

Cost of Revenues. Cost of revenues increased by 63% to RMB101.6 billion (US$16.4 billion) in the full year of 2014 from RMB62.5 billion in the full year of 2013. The increase was due to the growth of the Company's direct sales business and the increased traffic acquisition costs directly related to the online marketing services provided to merchants and suppliers.

Fulfillment Expenses. Fulfillment expenses, which primarily include procurement, warehousing, delivery and customer service expenses, increased by 96% to RMB8.1 billion (US$1.3 billion) in the full year of 2014 from RMB4.1 billion in the full year of 2013. This increase was primarily due to the expansion of delivery services provided to merchants on the Company's marketplace and the increase in the number of fulfillment employees associated with the expansion of fulfillment infrastructure to smaller cities.

Marketing Expenses. Marketing expenses increased by 152% to RMB4.0 billion (US$0.6 billion) in the full year of 2014 from RMB1.6 billion in the full year of 2013. Non-GAAP marketing expenses increased by 94% to RMB3.1 billion (US$0.5 billion) in the full year of 2014 from RMB1.6 billion in the full year of 2013. The increase in non-GAAP marketing expenses was primarily due to increased brand advertising and other marketing activities, including advertising expenditure on both online and offline channels for the special promotional campaigns in June 2014 to celebrate the Company's anniversary as well as during China's online shopping festival in November 2014.

Technology and Content Expenses. Technology and content expenses increased by 91% to RMB1.8 billion (US$0.3 billion) in the full year of 2014 from RMB1.0 billion in the full year of 2013. This was primarily due to the increase in the number of technology employees, which included the addition of research and development talent after the Tencent transaction in March 2014, as well as senior technology employees hired to continuously improve the Company's mobile and big data technologies.

General and Administrative Expenses. General and administrative expenses increased to RMB5.3 billion (US$0.8 billion) in the full year of 2014 from RMB0.8 billion in the full year of 2013 primarily due to the increase of share-based compensation expenses. Non-GAAP general and administrative expenses increased by 76% to RMB1.1 billion (US$0.2 billion) in the full year of 2014 from RMB0.6 billion in the full year of 2013. The increase of non-GAAP general and administrative expenses was primarily due to the increase in staff costs associated with the increase in headcount of general and administrative employees.

Net Loss and Non-GAAP Net Income. Net loss for the full year of 2014 was RMB5.0 billion (US$0.8 billion), compared to RMB50.0 million for the full year of 2013. The change was primarily due to the increase in share-based compensation expenses as well as the amortization of intangible assets resulting from assets and business acquisitions related to the Tencent strategic partnership. Non-GAAP net income for the full year of 2014 was RMB362.7 million (US$58.5 million), an increase of 62% as compared to RMB223.9 million in the full year of 2013. Non-GAAP net margin was 0.3% for the full year of both 2014 and 2013.

Net Loss Per ADS and Non-GAAP Net Income Per ADS. Net loss per ADS for the full year of 2014 was RMB10.71 (US$1.73), compared to RMB2.93 for the full year of 2013. Non-GAAP net income per ADS for the full year of 2014 was RMB0.30 (US$0.05) as compared to RMB0.26 in the full year of 2013.

Cash Flow and Working Capital

For the full year of 2014, free cash flow was as follows:
For the year ended
December 31,
2013 December 31,
2014 December 31,
2014
RMB RMB USD
(In thousands)
Net cash provided by operating activities 3,569,819 1,015,016 163,591
Add: Impact from internet financing activities 68,737 2,751,939 443,532
Less: Capital expenditures (1,292,081) (2,902,066) (467,728)
Free cash flow 2,346,475 864,889 139,395

Annual accounts payable turnover days12 for the online direct sales business excluding the impact from supply chain financing were 40.9 days in the full year of 2014 and 42.2 days in the full year of 2013. Annual inventory turnover days13 were 34.8 days in the full year of 2014 and 34.2 days in the full year of 2013.

First Quarter 2015 Guidance

Net revenues for the first quarter of 2015 are expected to be between RMB34.8 billion and RMB35.8 billion, representing a growth rate between 54% and 58% compared with the first quarter of 2014. This forecast reflects JD.com's current and preliminary expectation, which is subject to change.

Conference Call

JD.com's management will hold a conference call at 7:30 am Eastern Time on March 3, 2015 (8:30 pm Beijing/Hong Kong Time on March 3, 2015) to discuss the fourth quarter 2014 financial results.

Listeners may access the call by dialing the following numbers:
US Toll Free: 1855-298-3404 or [phone]
Hong Kong 800-905-927 or [phone]
Mainland China 400-1200-539
International [phone]
Passcode: 5980389

[Karlll]

Am 4.9.14 waren wir letztmalig über 30 US-$.
Heute nun diese Marke zurückerobert.
Vielleicht geht ja auch im 1. HJ etwas mit Rückeroberung des bisherigen ATH
von 32,64 US-$.

[Karlll]

Das scheint zu helfen !!!


JD.Com Snags China’s Online Market Share From Alibaba Group Holding Ltd
JD.com poses a threat to Alibaba with impressive growth over the last two years
By: Troy Kuhn
Published: Apr 7, 2015 at 9:40 am EST

Alibaba Group Holding Ltd. (NYSE:BABA) faces fierce competition from a number of avenues in China, the prime one being JD.com Inc. (ADR) (NASDAQ:JD). JD commands a business model similar to Alibaba’s biggest American rival, Amazon.com Inc. (NASDAQ:AMZN). The company sells a variety of products, ranging from electronics, auto parts, baby products, cosmetics, food and wine, apparel, and several other household items. And no matter how strong Alibaba’s current presence, JD’s impressive business model raises the question if it can take over Alibaba’s online market share in China.

JD.com has significantly expanded in the past two years. According to 2014 figures, the company produced gross merchandise volume (GMV) of $41.9 billion, surging by a whopping 107% since 2013. Moreover, JD.com saw the number of its active customer accounts grow to 96.6 million from the previous level of 47.4 million, depicting a massive rise of nearly 104%. The company also managed to improve its efficiency levels as fulfilled orders grew over 50% to 689 million.

China’s version of Amazon also bagged impressive financials last year. Compared to 2013 figures, net revenue rocketed 66% to $18.5 billion in 2014. In fact, the fourth quarter of 2014 saw net revenue rise 73% to $5.6 billion.

When drawing a comparison with Alibaba, it is important to note that JD.com is still in its growth phase. The company is still responsible for handling a majority of the warehouse and delivery logistics and its relentless efforts to expand its capacity marketing strategy has greatly hampered its profit making capabilities. However, despite all these challenges, JD.com has emerged with commendable results.

The company is still in investment mode, as its senior director of communications, Josh Garner, stated: “By design we are in investment mode. Our priority at least through 2015 is on growing market share and infrastructure.” Net income in the fourth quarter of 2014 was recorded at only one cent per American depository share (ADS) compared to a small loss a year back. The company’s management expects a figure between a net loss of 0.5% of revenue and a break even in 2015. Realizing the significance of its investment mode, JD.com recently hired an ex-Yahoo research and development executive in Beijing.

JD.com competes chiefly with Alibaba’s Tmall in the business-to-consumer marketplace. Alibaba also houses the consumer-to-consumer channel Taobao, which is a replica of America’s eBay and stands as Alibaba’s largest revenue generating platform. Nevertheless, Alibaba’s Tmall continues to grow faster than Taobao. In fact, it boasts a scale much larger than that of JD.com.

More importantly, analysts at William Blair have indicated that JD.com is quickly gaining share in China’s business-to-consumer market. According to recent research by the firm’s analysts, estimates point toward JD.com gaining five percentage points of Gross Merchandise Volume market share in the fourth quarter, compared to last year. Interestingly, Alibaba’s Tmall saw the same figure sliding by two percentage points. Still, Alibaba’s market share in the fourth quarter stood at 61.4%, much higher than JD.com’s 18.6%.

Mark Miller, lead analyst at William Blair, noted: “We believe faster third party growth and broadening of the assortment are increasing the appeal of the JD.com platform.” The team of analysts also noted that JD.com’s investments in fulfillments are refining market reach for the company and that the company has the largest fulfillment infrastructure for any e-commerce company in China. JD.com houses seven fulfillment centers and has 123 warehouses in 40 cities. Moreover, the business-to-consumer company has over 3,210 delivery and pickup stations in 1,862 counties and districts spread all over China. On this note, Mr. Gartner specified: “What is unique is that we handle the last mile deliveries ourselves. By controlling the logistics network, we are able to provide the speed you don’t see anywhere else.”

Mr. Miller, along with his team of analysts at William Blair, noted: “Rising third party sales penetration on JD.com is already happening faster than management’s expectation at the IPO (40% by 2016). And we believe the increment fee stream will provide important leverage to technology and fulfillment investments and enhance the pathway to profitability over the longer term.”

The general analyst consensus on JD.com and Alibaba is bullish.

According to the data collected by Bloomberg, 18 out of 27 analysts recommend a Buy on JD.com, eight suggest a Hold, and one recommends a Sell. The 12-month mean analysts’ estimate on the target price is $34.09. On the other hand, 36 out of 43 analysts recommend a Buy on Alibaba, five suggest a Hold, and two advocate a Sell. The 12-month mean analyst estimate on the target price is $108.78.

[Karlll]

Und prompt heute ein neues Verlaufs-ATH bei 32,74.

Mal schaun, ob es auch als SK darüber notiert.

[Karlll]

Zahlen für das 1. Quartal gibt es am 8.5.
und dann schaun wir mal, ob die Vorschuß-
lorbeeren im Kurs gerechtfertigt waren.

[cali78]

!

Dieser Beitrag wurde von MODelfin moderiert. Grund: Spam, Werbung

[Karlll]

Can JD.com, Inc. (NASDAQ:JD) Keep Up with Analyst Expectations?
on July 17, 2015

JD.com, Inc. (NASDAQ:JD) reported an earnings surprise of N/A% when the company last reported earnings for the period ending on 2015-03-31. The reported EPS of $-0.04 was $N/A away from what Wall Street analysts had expected. A significant surprise factor often results in stock volatility and sharp price movements following the earnings announcement. In terms of sales expectations, the surprise factor in per share dollar terms was $172.525 away from what analysts had projected for the quarter, or a difference of 3.006%.

Looking ahead, JD.com, Inc. (NASDAQ:JD) is expected to issue their next earnings release for the current quarter on 2015-08-21. Wall Street analysts surveyed by Zacks Research are projecting earnings per share of $-0.09. This is the consensus number based on the 10 estimates taken into account. Investors will be closely watching the EPS estimate movement leading up to the expected report date.

Price Target

Brokerage firm analysts covering the stock are estimating that the stock will reach $37.2 on a short term basis. This is the consensus price target based on the 10 polled by Zacks Research. The highest estimate stands at 43 while the lowest target is $30.

Zacks uses a simplified rating system, assigning a number from 1 to 5 for each analyst rating, where 1 represents a Strong Buy recommendation and 5 a Strong Sell. Based on the analysts taken into account by Zacks, the average rating currently stands at 1.67 for JD.com, Inc.. When analysts were polled 3 months ago, the rating stood at 1.67.

N/A
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[Karlll]

August 07, 2015 06:13 ET
JD.com Announces Second Quarter 2015 Results

BEIJING, Aug. 7, 2015 (GLOBE NEWSWIRE) -- JD.com, Inc. (NASDAQ:JD), China's largest online direct sales company, today announced its unaudited financial results for the quarter ended June 30, 2015.

Second Quarter 2015 Highlights1

Net revenues for the second quarter of 2015 were RMB45.9 billion (US$7.4 billion), an increase of 61% from the second quarter of 2014. Net revenues from services and others for the second quarter of 2015 were RMB3.3 billion (US$0.5 billion), an increase of 108% from the second quarter of 2014.

Net loss for the second quarter of 2015 was RMB510.4 million (US$82.3 million) and net margin was negative 1.1%. Non-GAAP net loss2 for the second quarter of 2015 was RMB15.7 million (US$2.5 million) and non-GAAP net margin was negative 0.03%.

GMV for the second quarter of 2015 was RMB114.5 billion (US$18.5 billion), an increase of 82% compared with the second quarter of 2014. JD Mall GMV for the second quarter of 2015 increased by 92% year-over-year.

Annual active customer accounts3 increased by 72% to 118.0 million in the 12 months ended June 30, 2015 from 68.5 million in the 12 months ended June 30, 2014.

Fulfilled orders in the second quarter of 2015 were 305.6 million, an increase of 87% from 163.7 million for the same period in 2014. Fulfilled orders placed through mobile accounted for approximately 47% of total orders fulfilled in the second quarter of 2015, an approximately 290% increase compared to the same period in 2014.

"We are pleased to report a strong performance for the second quarter, as China's consumers increasingly look to JD.com for authentic products and the best online shopping experience," said Richard Liu, founder and Chief Executive Officer of JD.com. "During the quarter, we enhanced our mobile offering, partnered with premium international brands and expanded our JD Worldwide cross-border e-commerce initiative. Looking ahead, we will focus on serving Chinese consumers by investing in innovative business initiatives that leverage JD.com's core expertise in e-commerce and logistics."

"We are encouraged by another quarter of strong top-line growth, led by our JD Mall business," said Sidney Huang, JD.com's Chief Financial Officer. "China's e-commerce market remains extremely dynamic and in order to achieve long-term sustainable growth and economies of scale, we will continue to invest selectively in high-growth initiatives while maintaining our focus on customer experience and operating efficiency."

Announcement on Yonghui Investment

On August 7, the Company entered into definitive agreements with Yonghui Superstores Co., Ltd, a leading hypermarket and supermarket operator in China. Under the agreements entities within the Company group will subscribe for newly issued ordinary shares of Yonghui at a purchase price of RMB9.00 (approximately US$1.45) per share with a total consideration of RMB4.31 billion (approximately US$700 million). Upon the completion of the transaction, the Company will hold a 10% equity interest in Yonghui and have the right to nominate two directors (including one independent director) on Yonghui's board of directors. In addition, the Company and Yonghui have formed a strategic partnership to strengthen supply chain management capability primarily through joint procurement, and will continue to explore development opportunities in O2O initiatives and other areas of potential strategic cooperation.

Recent Business Developments

In June and July, JD.com launched Japanese Mall, Australian Mall and U.S. Mall, three new channels on JD Worldwide dedicated to offering authentic imported products to customers in China. They join Korean Mall and French Mall, both of which launched in the first quarter of 2015.

In early May, as part of JD.com's O2O strategy, JD Daojia officially launched its crowdsourced delivery platform, which leverages part-time delivery people to provide two-hour grocery delivery service in partnership with offline stores in selected urban areas.

Leveraging its cold chain delivery capability, for a limited time in June JD.com offered delivery of unpasteurized "original beer" to customers in six cities including Beijing, Shanghai, Tianjin, Langfang, Suzhou and Jiaxing, featuring brands including Tsingtao and Suntory.

As of June 30, over 90% of JD Crowdfunding projects have been successfully financed, including over one hundred projects above the one million RMB level.

In May, JD.com led a US$70 million Series C round of investment in FruitDay, a leading fresh produce e-retailer in China.

During the second quarter, JD.com extended its leadership in fulfillment capabilities among e-commerce companies in China. As of June 30, 2015, JD.com operated 166 warehouses in 44 cities and a total of 4,142 delivery stations and pickup stations and its delivery network covered 2,043 counties and districts. JD.com's 211 same-day and next-day delivery program covered 135 and 951 counties and districts, respectively, as of July 31, 2015.

JD.com had approximately 76,000 merchants on its online marketplace and a total of 84,322 full-time employees as of June 30, 2015.

Second Quarter 2015 Financial Results

GMV and Net Revenues. GMV for the second quarter of 2015 was RMB114.5 billion (US$18.5 billion), up 82% from the second quarter of 2014. GMV from the online direct sales and online marketplace businesses totaled RMB64.7 billion and RMB49.8 billion, respectively, in the second quarter of 2015, an increase of 65% and 110%, respectively, from the second quarter of 2014. GMV from electronics and home appliance products was RMB59.0 billion in the second quarter of 2015, an increase of 70% from the second quarter of 2014, while GMV from general merchandise and others was RMB55.5 billion in the second quarter of 2015, an increase of 97% from the second quarter of 2014. As a percentage of total GMV, GMV from general merchandise and others increased to 48.5% in the second quarter of 2015 from 44.8% in the second quarter of 2014.

For the second quarter of 2015, JD.com reported net revenues of RMB45.9 billion (US$7.4 billion), representing a 61% increase from the same period in 2014. The increases in GMV and net revenues were primarily due to the growth in active customer accounts and the number of fulfilled orders in the second quarter of 2015. Net revenues from online direct sales increased by 58%, while net revenues from services and others increased by 108% in the second quarter of 2015, as compared to the second quarter of 2014, primarily due to the increased revenues from the Company's rapidly expanding online marketplace and third-party logistics services.

Cost of Revenues. Cost of revenues increased by 57% to RMB40.0 billion (US$6.5 billion) in the second quarter of 2015 from RMB25.5 billion in the second quarter of 2014. The increase was primarily due to the growth of the Company's direct sales business and the increased traffic acquisition costs directly related to the online marketing services provided to merchants and suppliers.

Fulfillment Expenses. Fulfillment expenses, which primarily include procurement, warehousing, delivery and customer service expenses, increased by 62% to RMB3.3 billion (US$0.5 billion) in the second quarter of 2015 from RMB2.0 billion in the second quarter of 2014. This increase was primarily due to the increase in the number of fulfillment employees associated with the expansion of the Company's fulfillment infrastructure to smaller cities as well as the expansion of delivery services provided to merchants on the Company's marketplace.

Marketing Expenses. Marketing expenses increased by 86% to RMB2.0 billion (US$0.3 billion) in the second quarter of 2015 from RMB1.1 billion in the second quarter of 2014. The increase of marketing expenses was primarily due to the increased brand advertising and other marketing activities, including advertising expenditure on both online and offline channels for the special promotional campaigns in June 2015 to celebrate our anniversary.

Technology and Content Expenses. Technology and content expenses increased by 87% to RMB784.6 million (US$126.6 million) in the second quarter of 2015 from RMB420.0 million in the second quarter of 2014. This increase was primarily due to an increase in the number of technology employees, which included the addition of research and development talent, as well as senior technology employees hired to continuously improve the Company's mobile and big data technologies.

General and Administrative Expenses. General and administrative expenses increased by 35% to RMB614.1 million (US$99.0 million) in the second quarter of 2015 from RMB455.4 million in the second quarter of 2014. Non-GAAP general and administrative expenses4 increased by 67% to RMB429.4 million (US$69.3 million) in the second quarter of 2015 from RMB257.0 million in the second quarter of 2014. The increase of non-GAAP general and administrative expenses was generally in line with our expanded scale of operations.

Net Loss and Non-GAAP Net Loss. Net loss for the second quarter of 2015 was RMB510.4 million (US$82.3 million), compared to RMB582.5 million for the same period last year. Non-GAAP net loss for the second quarter of 2015 was RMB15.7 million (US$2.5 million) as compared to RMB11.8 million in the second quarter of 2014. Non-GAAP net margin for the second quarter of 2015 was negative 0.03% as compared to negative 0.04% in the second quarter of 2014.

Net Loss Per ADS5 and Non-GAAP Net Loss Per ADS6. Net loss per ADS for the second quarter of 2015 was RMB0.37 (US$0.06), compared to RMB5.86 for the second quarter of 2014. Non-GAAP net loss per ADS for the second quarter of 2015 was RMB0.01 (US$0.00) as compared to RMB0.01 in the second quarter of 2014.

[Karlll]

30,-- US-$ wieder möglich?

Anfang Jan. 2016 notierte JD.Com letztmalig über 30,-- US-$.
Geht da vor Bekanntgabe der Zahlen ein neuer Angriff auf diese Marke?

[R-BgO]

BEIJING, June 22, 2017 /CNW/ -

JD invests $397 million in Farfetch, leaps further into luxury sector

Partnership allows Chinese consumers to access Farfetch's unique curation of the best luxury brands online

E-commerce giant, JD.com (Nasdaq: JD), China's largest retailer and Farfetch, the leading global e-commerce platform for the fashion industry, today announced a strategic partnership that will create the premier platform for luxury e-commerce across China, opening a gateway to an $80 billion market.

The strategic partnership between JD.com and Farfetch leverages JD's unparalleled logistics, Internet finance and technology capabilities and social media resources, including its WeChat partnership, with Farfetch's leadership in global luxury, to create a frictionless and seamless brand experience. Farfetch has well-established operations in China and is already the partner of choice for 200 luxury brands and more than 500 multi-brand retailers. JD will help drive further brand awareness, traffic and sales for Farfetch in the market.

As part of this partnership, JD.com will become one of the largest shareholders of Farfetch, investing $397 million, and Richard Liu, JD.com's founder and CEO, will join the Farfetch board. JD and Farfetch will partner on marketing, logistics and technology solutions to build the brand in China, while Farfetch will continue to be the customer-facing brand.

The combined strength of the Farfetch-JD partnership will benefit all 700 brands and boutiques that are part of the Farfetch community, enabling them to take advantage of the vast resources of this new gateway to China's luxury market.

Leveraging JD Luxury Express, JD's recently launched white glove service, Farfetch will be able to offer customers a premium level of service befitting the world-class brands sold on the site. For Chinese consumers, this combination of Farfetch's luxury know-how, and JD's blazing same-day delivery speeds and highly professional service, will provide an unparalleled luxury proposition.

Farfetch partner brands with a local retail presence, will also have access to world-class omni-channel capabilities, including click & collect and in-store returns, connecting the brands' physical retail stores in China to consumers.

The joint efforts between the two companies will also include leveraging BlackDragon, a digital marketing technology platform powering entities across retail, e-commerce, tech, finance, travel, education and auto. BlackDragon will enable Farfetch to activate the vast resources of JD's treasure trove of big data and help it market and build automated marketing pipelines to spur Farfetch's name recognition and market position in China.

In addition, through the partnership, Farfetch users in China will also gain access to a variety of services from JD Finance. These will include JD Pay, which will be a preferred payments partner, and Baitiao, JD Finance's popular consumer microcredit channel.

The announcement comes as JD is placing a greater focus on high-end luxury and fashion to match the huge demand among its upwardly mobile customers. Over the last two years, JD has hosted fashion shows in New York, Milan, London, Beijing and Shanghai. Since the beginning of the year, the company has hired Winston Cheng as President of International to lead its international business development with global partners and overseas investments, and separated JD Fashion into a new business unit under the e-commerce business and named Xia Ding as the president, giving the vertical greater priority. In 2017, JD Fashion has made a major push in the luxury and fashion areas, launching several key international brands on the site, including Armani, Swarovski and Zenith.

"As part of our major luxury push, we could not have found a stronger online partner than Farfetch," said Richard Liu, Chairman and CEO of JD.com. "We have always believed that the long-term trend of Chinese e-commerce is towards quality over price and this partnership with Farfetch further extends our lead in the battle for the future of China's upwardly mobile consumers. We look forward to deepening our relationships with Farfetch and luxury brands in the months and years ahead."

"We are deeply honoured and excited to be announcing this partnership with Richard Liu and JD.com," José Neves, Founder, Co-Chairman and CEO of Farfetch. "China is the world's second largest luxury market, and we are delighted to have such a respected partner, known for its strict protection of IP, with whom to address Chinese luxury consumers. This partnership addresses the market's challenges by combining the Farfetch brand and curation with the scale and influence of the foremost Chinese e-commerce giant. This strategic partnership will provide brands a seamless, immediate access to the luxury consumer and Chinese luxury shoppers with access to the greatest selection of luxury in the omni-channel way of life they have already fully embraced."

Regarding the addition of Mr. Liu to Farfetch's board, Mr. Neves added, "I am humbled and honoured to have one of the Internet's most legendary entrepreneurs - Richard Liu - join our board, alongside Dame Natalie Massenet and Jonathan Newhouse, Chairman and Chief Executive of Condé Nast International. We are honoured to have the advice and guidance of China's premier e-commerce guru as part of our highly experienced team, sitting around the same table as the world's luxury online pioneer and one of the world's pre-eminent publishers."

[Karlll]

Da sind nun die Käufer der ersten Minuten in GER ca. 8-10% im Minus.


JD.com reports 2nd quarter revenues up 43.6%
By Fan Feifei | chinadaily.com.cn | Updated: 2017-08-14 19:50

China's second biggest e-commerce player, JD.com Inc, reported its net revenues for the second quarter reached 93.2 billion yuan ($13.7 billion), an increase of 43.6 percent from the second quarter of last year.

Gross merchandise volume (GMV) for the second quarter of 2017 increased by 46 percent to 234.8 billion yuan from 160.4 billion yuan in the same period last year.

Annual active customer accounts increased by 37 percent to 258.3 million in the 12 months that ended June 30, 2017. And fulfilled orders reached 591.2 million, an increase of 41 percent from 418.9 million in the same period in 2016.

"As we broaden our range of offerings, including a rapidly growing roster of top international brands, our customer base continues to expand, with female shoppers becoming an increasingly active user base," said Richard Liu, chairman and CEO of JD.com.

During the second quarter, JD further expanded its product offerings through cooperation with multiple international brands, including Swiss luxury watch brand Zenith, Austrian brand Swarovski and Italian furniture designer Kartell.

In June, JD and Farfetch announced a strategic partnership for luxury e-commerce in China. The partnership leverages JD's logistics, internet finance and technology capabilities, and social media resources, with Farfetch's leadership in global luxury, to offer Chinese consumers a seamless brand experience.

JD has expanded its leadership position in fulfillment capabilities among China's e-commerce companies. As of June 30, the e-commerce giant operated 335 warehouses covering an aggregate gross floor area of approximately 7.1 million square meters in China.

"In the quarters ahead, we will continue to prioritize investment in our technology-focused initiatives, which are already redefining China's retail landscape," said Sidney Huang, JD.com's chief financial officer.