BEIJING (AP) — JD.com Inc., China’s biggest online retailer, and Canadian e-commerce service Shopify launched a venture Tuesday to give independent U.S. merchants access to JD.com’s 550 million customers.
The companies said the tie-up would allow U.S. brands to start selling in China in three to four weeks compared with up to a year typically required to launch cross-border sales.
The service will take advantage of JD’s network of 1,300 warehouse and 200,000 delivery personnel in China, the companies said. They said it will provide translation and other support.
JD.com reported sales rose 33% over a year earlier to 218.7 billion yuan ($34.4 billion) in its latest quarter.
Before you consider Shopify, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Shopify wasn't on the list.
While Shopify currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Today, we are inviting you to take a free peek at our proprietary, exclusive, and up-to-the-minute list of 20 stocks that Wall Street's top analysts hate.
Many of these appear to have good fundamentals and might seem like okay investments, but something is wrong. Analysts smell something seriously rotten about these companies. These are true "Strong Sell" stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.