Latest news with #JDcom
Wall Street Journal
an hour ago
- Business
- Wall Street Journal
JD.com in Advanced Talks to Buy Germany's Ceconomy in $2.6 Billion Deal
China's JD 0.15%increase; green up pointing triangle is in advanced talks to buy Ceconomy in a deal that would value the target company at around $2.6 billion, the German electronics retailer said. The Beijing-based online retail group is mulling a cash offer of 4.60 euros for each ordinary share, Ceconomy said. The offer would value the German group at 2.23 billion euros ($2.63 billion).
Yahoo
8 hours ago
- Business
- Yahoo
EngineAI Raises Nearly RMB 1 Billion in Pre-A++ and A1 Rounds, Led by JD.com
SHENZHEN, China, July 24, 2025 /PRNewswire/ -- After securing investments earlier this year from leading Middle Eastern and South Korean investors, EngineAI has successfully concluded its Pre-A++ and A1 funding rounds. The Pre-A++ round was led by XPeng-backed Rockets Capital, while spearheaded the A1 round with participation from strategic investors CATL Capital (affiliated with CATL) and Yintai Group, as well as institutional investors TH Capital, Guochen Venture Capital (Fortune Capital affiliate), and Huangpu River Capital. Existing shareholders also joined the two rounds. The strong investor confidence allows EngineAI to enter into mass production, further diversify product lines, and achieve breakthroughs in the real-world deployment of embodied intelligence and related technologies. A rising star in humanoid robotics, EngineAI drives innovation through cutting-edge technology, delivering intelligent, hyper-agile robots. Its proprietary joint modules set industry benchmarks for explosive power, torque, and rotational speed, enabling lifelike motion. By solving Sim2Real challenges, the company has carved out a unique tech advantage, achieving millimeter precision in high-dynamic maneuvers like complex dances, front flip, and sprinting. The global humanoid robotics market is forecast to exceed $100 billion by 2030, driven by strong enterprise demand across manufacturing, services, and logistics. EngineAI's "open-source hardware + ecosystem profit-sharing" model accelerates market penetration through strategic partnerships, enabling rapid application diversification and developer engagement. To overcome embodied intelligence hurdles, the company merges traditional control systems with reinforcement learning, boosting efficiency, precision, and reliability. This dual approach not only truly meets market demands but also gradually penetrates into consumer households, forming a unique commercial ecosystem. The newly secured capital will enable rapid advancement of EngineAI's core initiatives in H2 2025: Product Development: EngineAI has built a comprehensive product matrix spanning bipedal and full humanoid robots across performance tiers. The company is now scaling trial production and delivery, targeting a 5x expansion of its production team to meet surging demand. Technology Leadership: Embodied intelligence R&D will see intensified investment to fast-track core technology commercialization, solidifying EngineAI's global market position. EngineAI has established strategic collaborations with industry giants including NVIDIA, Amazon, Tencent, and ByteDance to advance humanoid robotics applications across commercial services, hazardous operations, and cultural tourism. These partnerships are accelerating the path to large-scale commercial adoption. With production accelerating and certain production segments already exceeding capacity targets, EngineAI is on track to complete optimization upgrades ahead of Q4 2025. This expansion ensures reliable delivery of advanced robotic solutions, positioning the company for successful mass-market penetration. EngineAI is expanding its workforce across critical R&D, production, and market expansion roles. The company is simultaneously enhancing its internal training programs to develop employees' technical and leadership capabilities, building a sustainable talent engine for continuous innovation. Looking ahead, EngineAI will intensify efforts in mass production, product diversification, and embodied AI implementation, contributing core strengths to the high-quality development of the humanoid robotics industry. For more information about EngineAI, please visit CONTACT: Zibin Cencenzb@ View original content to download multimedia: SOURCE EngineAI Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
South China Morning Post
16 hours ago
- Business
- South China Morning Post
Chinese companies must turn involution into sustainable evolution
Beijing is trying to curb cutthroat price wars that have broken out in multiple sectors. Caused by overcapacity and insufficient demand, many companies have been locked into an unsustainable spiral of price-cutting that not only forgoes profits but imperils their very business survival. Ultimately, job losses will be a lose-lose for all sides concerned. Advertisement Whether in food delivery, e-commerce or advanced manufacturing for batteries, solar panels and electric vehicles, excessive competition has created a vicious cycle that Beijing fears is contributing to price deflation. Such deflation is sticky and difficult to reverse once established. Factory gate prices fell for the 33rd month in June, hindering official efforts to boost domestic consumption. The term neijuan, or involution, has gained currency to describe excessive competition . There is emerging consensus among officials and businesses on the need to turn neijuan into sustainable evolution to boost consumption. Online food delivery platforms Meituan and are among the latest to be hauled before regulators and urged to engage in 'rational' competition. All three have been locked in a price war since February. Meituan's core local commerce business director, Wang Puzhong, even admitted that the price war made no sense but that his company was forced to join to avoid looking like 'the loser'. Meanwhile, Industry and Information Technology Minister Li Lecheng warned solar panel makers that excessive competition and oversupply were hurting their industry. It is hardly the only one. Key sectors such as electrical machinery, steel, cement, ceramics and glass have all experienced price declines. Interestingly, the price of polysilicon, a key component of photovoltaic solar panels, rose significantly not long after Li met industry representatives. Advertisement
Yahoo
a day ago
- Business
- Yahoo
Alibaba Group Holding (BABA) Rated as a Buy at Benchmark amid Food Delivery Investments
Alibaba Group Holding Ltd (NYSE:BABA) is one of the top AI stocks with huge upside potential. On July 21, research firm Benchmark reiterated a Buy rating on the stock and a $176 price target. The bullish stance follows a series of investments the company has made to strengthen its food delivery business. Gil C / While the investments are likely to trigger near-term margin pressure, they should counter entry and pressure in the segment. According to Benchmark, Alibaba is in a strong financial position to scale its operations and adapt to any market changes. Consequently, the firm maintains that the recent market pullback presents a buying opportunity. That's because Alibaba's position as a leader in GenAI and cloud infrastructure remains unchanged. In addition, the company's long-term prospects remain intact as it continues to reposition its e-commerce strategy through a more integrated retail ecosystem. Alibaba Group Holding Ltd (NYSE:BABA) is a Chinese technology company best known for its e-commerce platforms. Its Artificial Intelligence and data intelligence units streamline the use of data and optimize scenarios to power new retail. It also boasts AI-driven innovations, including personalized shopping recommendations, smart logistics, AI-powered customer service, fraud detection, and intelligent business analytics. While we acknowledge the potential of BABA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Best Chemical Stocks to Buy According to Billionaires and 7 Most Undervalued Pot Stocks To Buy According To Analysts. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
South China Morning Post
3 days ago
- Business
- South China Morning Post
JD.com reportedly buys majority stake in Hong Kong's Kai Bo grocery chain
Chinese e-commerce group reportedly bought a majority stake in Hong Kong grocery chain Kai Bo, marking the mainland company's latest effort to expand its global presence. Advertisement spent HK$4 billion (US$509 million) to acquire 70 per cent of Kai Bo Food Supermarket, with the deal involving the grocer's retail network and property assets, Hong Kong media outlet HK01 reported on Monday, citing anonymous sources. Kai Bo did not immediately respond to a request for comment. A representative said the reported deal was 'subject to a final official announcement', without confirming or denying it. The deal, which was agreed upon four months ago, included a 'transition period' clause saying Kai Bo founder Lam Hiu-ngai and the firm's current management would retain the operational reins for the next three years, the report said. During that time, would not seek full operational control to ensure a smooth transition. Founded in 1991, Kai Bo had around 90 outlets across Hong Kong and employed more than 1,000 people, according to its website. Analysts said Beijing-based move was significant as it accelerates its push to go global. Advertisement 'Hong Kong is usually the first destination for Chinese firms to globalise their businesses,' said Li Chengdong, founder and chief analyst at Beijing-based e-commerce consultancy Dolphin.
