Alibaba rival JD.com posts first annual profit as a public company

You might hear e-commerce in China and assume ‘Alibaba,’ but another company is making progress to challenge that assumption. JD.com, the nearest e-commerce competitor to Alibaba in China, has reported its first year of profitability as a public company. The Beijing-headquartered company was founded in 1998 and it went public on the Nasdaq nearly four years ago. For its fiscal… Read More