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JD plans $27.9 billion investment in Chinese manufacturers to ease tariff impact: Ecommerce peers Alibaba and Meituan will join to help export-oriented companies attract domestic customers.

JD.com challenges Meituan鈥檚 food delivery dominance: The Chinese ecommerce giant will hire 100,000 workers to help break the latter鈥檚 hold on the industry.

China鈥檚 retail sales ticked up in October: But mixed results from JD.com and Alibaba show that retailers still face significant headwinds.

Alibaba and JD.com tout Singles Day successes, but the data is murky: While transactions rose 27% YoY, the sale was 10 days longer than last year, making it an uncertain gauge of consumer sentiment.

The trend: Consumer experiences with health insurers鈥� digital tools lag when compared with using websites and mobile apps in other aspects of life, according to JD Power鈥檚 2025 US Healthcare Digital Experience Study. The research is based on evaluations from 6,259 members of the 15 largest Medicare Advantage plans and the 15 largest commercial member health plans in the US.

Provide an overview of our UK key ecommerce retailers forecasts as of Q4 2024, including Amazon, Sainsbury鈥檚, Tesco, John Lewis Partnership, Ocado, Next, Currys, Boots, Marks & Spencer, Asos, JD Sports, and Boohoo. Help retailers benchmark their sales against Amazon and other competitors. Equip retailers with the data to forecast future ecommerce sales growth.

That said, as Alibaba and JD.com have discovered, there are limits to how far that strategy can go before it delivers diminishing returns.

While the retailer鈥檚 growth outstripped that of domestic competitors Alibaba and JD.com, it was a considerable slowdown from the 44% YoY increase it notched in the previous quarter. Earnings per share of RMB 18.53 ($2.59) fell short of FactSet鈥檚 RMB 19.85 ($2.77) estimate.

Most recently, Amazon submitted an offer to buy TikTok in a letter to Vice President JD Vance and Commerce Secretary Howard Lutnick, though the New York Times reported that people involved were not taking the bid seriously. AppLovin was simultaneously in negotiations to acquire TikTok, with the Trump administration reportedly 鈥渇ully aware鈥� of AppLovin鈥檚 interest.

On the face of it, positive earnings from JD.com and Alibaba appear to indicate that consumer spending is finally turning a corner. But the two retailers鈥� buoyant sales in Q4 were helped by a much longer Singles Day sales season as well as targeted government stimulus measures, showing that shoppers need considerable enticement to loosen the purse strings.

Outpacing Alibaba and JD.com, Pinduoduo retail ecommerce sales grew by 12.5% in 2024. Pinduoduo also surpassed JD.com in sales鈥攁 testament to the group-buying model鈥檚 appeal to price-sensitive consumers in China. Growth will slow to 6.5% in 2025 before accelerating to 7.2% in 2026. Sales growth on Xiaohongshu (RedNote) is projected to reach 10.5% in 2025.

Plan it by American Express, Chase鈥檚 Pay Over Time and Citi鈥檚 Flex Play swept JD Power鈥檚 2025 BNPL satisfaction ratings, edged out fintech competitors for the second year in a row. Our take: Moving forward, the CFPB will be hamstrung by DOGE staffing and funding cuts if it decides to take future action to curb fintechs.

Consumers love rewards鈥擳he top reason for switching credit card providers is to find a better rewards program, according to JD Power. And if consumers can earn rewards via their debit cards, it could fuel more frequent debit usage. US debit card transaction value is expected to account for 42.3% of total card transaction value this year, according to our forecasts.