Thursday, 15 Nov 2018
Category: JD.com

JD.com’s CEO was arrested, then released, by Minneapolis police this weekend on suspicion of alleged sexual misconduct

JD.com’s billionaire CEO Richard Liu was arrested by Minneapolis police late Friday night on suspicion of alleged sexual misconduct. He was released yesterday afternoon around 4 p.m. Today, JD.com, one of China’s largest online retailers, issued the following statement: “During a business trip to the United States, Mr. Liu was questioned by police in Minnesota in […]

Google makes $550M strategic investment in Chinese e-commerce firm JD.com

Google has been increasing its presence in China in recent times, and today it has continued that push by agreeing to a strategic partnership with e-commerce firm JD.com which will see Google purchase $550 million of shares in the Chinese firm. Google has made investments in China, released products there and opened up offices that […]

Insurance giant Allianz confirms $35M investment in Asian ride-sharing unicorn Go-Jek

German insurance giant Allianz is following Google and Tencent by backing Go-Jek, the Indonesia-based ride-hailing and local services company valued at over $4.5 billion, after it announced an investment. The money comes from Allianz X, the firm’s digital investment arm, which confirmed it put in $35 million in what is its first deal in Southeast Asia. The […]