Shopify has teamed up with Beijing-based online marketplace JD.com to allow Shopify’s almost 2 million merchants to sell their wares in China. The partnership, which JD.com announced on Tuesday, lets Shopify merchants list their goods on JD.com and begin selling to its 550 million customers in three to four weeks instead of the 12 months it normally takes for outside merchants to start selling...
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Chinese Investment Giant Hillhouse Capital Seeks to Expand Outside China
Hillhouse Capital Group, the Chinese sprawling investment powerhouse that has drawn comparisons to Tiger Global Management, has a new challenge: growing outside China. The firm is best known for investments in Chinese tech giants such as Tencent, JD.com, Didi Global and TikTok owner ByteDance. But the devastation of China’s private equity and venture capital sectors, caused by...
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