Costco joins JD.com, and Freshippo appears on the Taobao app homepage as instant retail faces a new battleground.

① According to JD.com's official news channel, Costco and JD.com announced a partnership today, making JD.com Costco’s exclusive official e-commerce partner in China; ② As JD.com finalizes its collaboration with Costco, Alibaba Group is simultaneously integrating Freshippo (Hema); ③ Zhuang Shuai, a senior expert in retail and e-commerce, told Caixin Global that the moves by Costco and Freshippo are no coincidence—they mark a watershed moment in the competition for instant retail, characterized by exclusive supply arrangements and deeper integration of shopping scenarios.

cls.cnJul 22 21:44

JD.com's Proposed CECONOMY Deal Hits EU Roadblock Over Foreign Subsidy Concerns

MT NewswiresJul 22 20:12

Citi Maintains JD.com(JD.US) With Buy Rating, Raises Target Price to $39

Futu NewsJul 22 19:35 · Ratings

Hong Kong Market Close: Hang Seng Tech Index Falls 3.04%! Tech and AI Hardware Stocks Decline Sharply, While Nonferrous Metals Rise

On July 22, the three major indices extended their losses in the afternoon session. The Hang Seng Tech Index plunged 3.04%, while the Hang Seng Index and the Hang Seng China Enterprises Index declined by 0.95% and 1.31%, respectively. Heavyweight technology and internet stocks dragged down the broader market, with AI application-related stocks, memory chip makers, optical communication firms, and PCB-related AI hardware technology stocks all sliding. Automotive and Macau gaming stocks also broadly declined. In contrast, gold miners, copper producers, and other non-ferrous metal stocks rose collectively, while cyclical energy sectors such as coal and oil strengthened. Specifically, large-cap tech stocks fell across the board: NetEase and Tencent dropped more than 7%, while Alibaba, Xiaomi, Baidu, and JD.com each fell over 2%. On the individual stock front, Q2 2026 public mutual fund reports...

Gelonghui FinanceJul 22 16:42

Tencent weakened in the afternoon session, as the market expects its mobile gaming revenue in the next quarter to decline slightly; Morningstar noted that the drop is not driven by fundamental factors.

Hong Kong stocks were weaker today (22nd), with the Hang Seng Index last trading at 24,868 points in the afternoon session, down 263 points or approximately 1%, on turnover of HK$260.6 billion. The Hang Seng Tech Index declined 3.1% to 4,663 points. Heavyweight technology stocks dragged down the broader market, with Tencent (00700.HK) falling as much as 7% during the afternoon session to an intraday low of HK$440.6. It was last trading at HK$443.6, down 6.41%, with turnover of HK$25.394 billion. NetEase (09999.HK) was down 7.29% to HK$193.2, marking the worst performance among blue-chip stocks, with turnover of HK$1.991 billion. Kuaishou-W (01024.HK) also fell more than 6%, while Alibaba-

AASTOCKSJul 22 15:22

Nike (NKE.US) will cease supplying goods to online distributors in China starting next year.

Nike (NKE.US) plans to stop supplying thousands of online distributors in China starting January next year as part of its strategy to restructure its e-commerce market and drive growth in its China business. Beginning next year, Nike’s online operations will shift exclusively to its official website and mobile app, as well as flagship stores on Tmall, JD.com (09618.HK), and Douyin. Cathy Sparks, Nike’s newly appointed Vice President and General Manager for Greater China, stated that these new official flagship stores will serve as unified, higher-standard core platforms within each ecosystem, emphasizing that this move is not intended to limit consumer access.

AASTOCKSJul 22 09:03