BRIEF: JD Logistics to buy two on-demand local delivery units from parent
Logistical services provider JD Logistics Inc. (2618.HK) said on Thursday it has agreed to buy two local on-demand delivery companies, Dasheng and Dajiang, from its parent, JD.com Inc. (JD.US; 9618.HK),…
BRIEF: Meituan’s Keeta enters Dubai, its third Middle East market in 40 days
Food delivery giant Meituan’s (3690.HK)Keeta international delivery brand officially launched in Dubai on Saturday, according to its official WeChat account. The move comes after Keeta entered Qatar in August and…
BRIEF: Jihong profit doubles in first three quarters of 2025
Cross-border social e-commerce company Xiamen Jihong Technology Co. Ltd. (2603.HK; 002603.SZ) announced on Thursday that it expects to report a net profit of 257 million yuan ($36 million) to 270…
BRIEF: Alibaba stock rallies as Ark Invest buys back in
Shares of Alibaba Group Holding Ltd. (9988.HK, BABA.US) have rallied to a nearly four-year high on media reports that Cathie Wood's Ark Invest recently repurchased $16.3 million worth of the…
BRIEF: Weimob raises $201 million through share placement at 8.9% discount
E-commerce services provider Weimob Inc. (2013.HK) announced on Thursday that it will raise HK$1.56 billion ($201 million) through a placement of 688 million shares to Infini Capital, representing 16% of…
BRIEF: Sainsbury ends talks with JD.com on Argos sale
E-commerce giant JD.com Inc. (9618.HK, JD.US) has been actively seeking acquisitions of brick-and-mortar retailers in Europe, but that expansion suffered a setback with the collapse of a deal in the…
BRIEF: Many Idea Cloud launches 1-for-6 rights issue at 22% discount
Marketing solutions provider Many Idea Cloud Holdings Ltd. (6696.HK) announced on Thursday that it plans to raise up to HK$274 million ($35 million) through a 1-for-6 rights issue. It set…
