China e-commerce giant JD.com (JD) raised $1.78 billion in its initial public offering Wednesday evening, pricing above the expected range. Shares will begin trading on Thursday. JD.com sold 93.7 million shares at at 19 a share, above the predicted 16 to 18. Reports had signaled that the company’s IPO was in high demand. Its business model is similar to that of Amazon.com (AMZN), selling an enormous range of goods that it delivers. The company
China e-commerce giant JD.com is slated to price its initial public offering Wednesday evening and begin trading Thursday. JD.com is seeking to raise $1.6 billion by selling 93.7 million shares at 16 to 18 per share. Its business model is similar to that of Amazon.com (AMZN), selling an enormous range of goods that it delivers. The company will trade with the ticker JD on the Nasdaq. At the midpoint of the proposed range, JD.com would have a
People who discover interesting Amazon.com (AMZN) products while on Twitter (TWTR) can now add those items to their Amazon shopping carts without leaving Twitter. Amazon (AMZN) announced the new feature on Monday. When a customer sees a tweet from an artist, brand, expert or friend with an Amazon.com product link, they simply add #AmazonCart to their reply on Twitter (TWTR) and the product is added to their Amazon shopping cart. Customers who have already connected their Twitter and Amazon accounts will be notified with a reply tweet from @MyAmazon as well as an email from Amazon when the item is successfully added to their cart. Customers who have not connected their Twitter and Amazon accounts will receive a reply tweet asking them to connect their accounts to enable the new feature. The service also is available in the U.K., but Amazon customers there reply with the term #AmazonBasket.