Brean Capital Highlights Recent Developments At JD.Com

Fawne Jiang of Brean Capital highlighted in a note on Wednesday recent JD.com Inc JD news developments, mostly from Chinese media sources that investors should be aware of.

• Jingdong Paipai disclosed it reached 10 thousand Paipai Wei Stores and that daily peak gross merchandise volume reached RMB 60 million (approximately $9.66 million) and contributing 30 percent plus gross merchandise volume for Paipai.
• Paipai Wei Store launched an independent app that supports individual users to open Paipai Wei Stores with their QQ accounts.
• Jingdong disclosed data from its Weixin gateway that showed 26 percent of order sizes were below RMB 100 (approximately $16.11) in the past three months, 26 percent of orders were between RMB 101-200, 20 percent between RMB 201-300 and 15 percent of orders were above RMB 500.
• Jingdong is developing an intelligent hardware business including “JD Intelligent Cloud”, “JD+ Project“ and related apps.
• Jingdong received an Internet medication transaction class-A license, allowing the company to provide services among manufacturers, distributors and medical institutions.