Thursday, March 6, 2025

JD reports Q4 revenue up 13% YoY to ~$48B, its fastest growth in three years and above est., net income up 100%+ to ~$1.4B, as Chinese consumer spending rises (Bloomberg)

Bloomberg:
JD reports Q4 revenue up 13% YoY to ~$48B, its fastest growth in three years and above est., net income up 100%+ to ~$1.4B, as Chinese consumer spending rises  —  - JD.com's shares climb sharply in US pre-market trading  — Beijing is trying to shift the economy toward consumption



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Alibaba's DAMO Academy releases RynnBrain, an open-source foundation model to help robots perform real-world tasks like navigating rooms, trained on Qwen3-VL (Saritha Rai/Bloomberg)

Saritha Rai / Bloomberg : Alibaba's DAMO Academy releases RynnBrain, an open-source foundation model to help robots perform real-worl...