Tencent Holdings (TCEHY) has introduced an operating system for smartwatches, TVs and other Internet-connected devices, ramping up the competition for China’s booming mobile market. Called TOS+, the operating system is open to all developers, similar to Google (GOOGL) Android. The OS could pose a competitive threat to Google, Alibaba (BABA) and smartphone developer Xiaomi. Google Android is the dominant smartphone operating system in China,
Citing robust growth in its online retail business, JPMorgan initiated coverage on JD.com (JD) with an overweight rating and price target of 42, as the stock hit a new high. JPMorgan analyst Alex Yao in the report Monday said JD is the largest online direct retailer in China, in terms of transaction value. JD.com operates an Amazon.com (AMZN)-like online direct sales business and is a rival to Alibaba Group (BABA), China’s largest e-commerce
Alibaba (BABA) will see its 2-year-old fulfillment and delivery network become its third leading growth driver, says an analyst. Only Alibaba’s e-commerce core and payment service will be larger than the Cainiao Network Technology delivery operation over the long term, wrote W.R. Hambrecht & Co./Summit Research Partners analyst Henry Guo in a research report Thursday. JD.com (JD), another of China’s online retail giants, is also enlarging its