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When JD and Taobao try to provide more cash subsidies to shoppers, Pinduoduo more straightforwardly implements its low-price advantage by urging merchants to cut prices, with those who do so getting higher search rankings during the shopping festival. The price war that has permeated the industry in the past two years seems like a bottomless pit for e-commerce participants. ....
Key Takeaways: JD.com reported a profit of 7.1 billion yuan for the first quarter, up nearly 13% year-on-year Many investment banks upwardly revised their price targets and ratings for the stock after the release of the latest report By Lau Chi Hang ....
Price war shows little impact on JD retail margin as e-commerce giant beats revenue estimates · TechNode technode.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from technode.com Daily Mail and Mail on Sunday newspapers.