JD.com

Shares drop as much as 18% after latest results from Alibaba rival.

The government will tighten supervision on platform companies in 2022, a regulatory official said.

In October 2021, Amazon closed down its Kindle flagship on Taobao.

This will be the largest shareholder dividend ever issued by a Chinese internet company.

JD’s stock rallies on quarterly results and Alibaba’s weak performance.

Major platforms highlighted sustainability efforts instead of sales numbers during the world’s largest shopping event.

JD Finance was penalized in July for developing the ad, which featured a lending app.

The company says it is pivoting to operate beyond e-commerce.