Update On :14 June 2016
Chinese online direct sales company JD announced that French childrenâ€™s clothing company Group Zannier will launch its first ecommerce flagship store in China on JDâ€™s ecommerce platform JD Worldwide. The store will feature products from three of the groupâ€™s childrenâ€™s fashion brands: Kenzo Kids, Catimini and 3 pommes. Group Zannier manages a portfolio of 15 childrenâ€™s fashion brands. The flagship store on JD will be its first official ecommerce outlet in China. In Mondayâ€™s pre-market activity, ADRs of JD edged 0.14% higher to $21.09, trading within a 52-week range of $20.89 â€“ $38.
The stock is down 0.28% or $0.06 after the news, hitting $21 per share. About 13,578 shares traded hands. JD Inc(ADR) has declined 28.05% since November 4, 2015 and is downtrending. It has underperformed by 27.75% the S&P500.
JD Inc., through its subsidiaries, operates as an online direct sales company in the Peopleâ€™s Republic of China. It primarily offers electronics and home appliances products; and general merchandise products, including audio and video products, and books. The company sells its products directly to customers through its Website and mobile applications. It also provides an online marketplace for third-party sellers to sell products to customers through its Website and mobile applications; and services, such as advertising, transaction processing, and financing, as well as offers a suite of value-added fulfillment and other services for third-party sellers. The company is headquartered in Beijing, the Peopleâ€™s Republic of China.
News Source From : http://sonoranweeklyreview.com/jd-com-announces-launch-of-group-zannier-on-jd-worldwide-platform-adrs-edge-higher-in-pre-market-nasdaqjd/
Image Courtesy : http://asia.media.fashionmag.com/m/26ca/d6ff/d0fa/c6e8/2c58/24e2/2287/3699/2779/aed9/510x800/aed9.jpg