2014-07-10 13:13
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JD.com Listed on NASDAQ: China’s Largest US IPO
JD.com finally listed on NASDAQ on May 22th as “JD”, with the offering price of $19. Its opening price went up to $21.75, 14.47% higher than the offering price. When the market closed its stock price was $20.90, and the market value of the company is $28.6 billion. JD’s CEO Liu Qiangdong said to the media that he would put 95% of the time in team development and wanted to live a simple life as an ordinary person.
Youku Tudou: YoY Decrease in Net Loss
Youku Tudou published its un-audited 1Q14 financial report today. Its 1Q14 1net revenue was 700.4 million yuan (112.7 million USD), a 36% increase YoY; its net loss was 224.7 million yuan (36.1 million USD), 3% down from 1Q13.
eLong Ends Cooperation with LY.com
On May 22nd, eLong announced to sign an agreement with LY.com on the end of their cooperation before. LY.com agrees to pay eLong 30 million yuan and eLong will continue to offer its hotel inventory to LY.com. This change may be resulted from Ctrip’s purchase of LY.com stocks.
