Last week, Chinese Internet giant Alibaba (BABA) jumped on view-topping quarterly results, and rival JD.com (JD) rose on mixed results. This week, several more Chinese Internet companies are set to report, including NetEase (NTES) and Vipshop (VIPS). Online gaming site NetEase is expected to grow earnings by 1.3% in local currency and revenue by 35% in local currency when it reports first-quarter results after the close on Wednesday. In Q4,
Last week, Chinese Internet giant Alibaba (BABA) jumped on view-topping quarterly results, and rival JD.com (JD) rose on mixed results. This week, several more Chinese Internet companies are set to report, including NetEase (NTES) and Vipshop (VIPS). Online gaming site NetEase is expected to grow earnings by 1.3% in local currency and revenue by 35% in local currency when it reports first-quarter results after the close on Wednesday. In Q4,
JD.com (JD) and sunglasses giant Luxottica (LUX) are teaming up to bring Ray-Bans, Oakleys and other sunglasses to the Chinese e-commerce site in a bid for China’s luxury consumers. “We’re delighted to be partnering with Luxottica, the clear global leader in luxury eyewear, to expand our offering in this market that is rapidly growing among Chinese consumers,” said JD.com VP Lijun Xin in a release. Meanwhile, Chinese rival Alibaba (BABA) disclosed