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$JD's gross merchandise value (GMV) for 2Q16 jumped by 47% from last year and GMV excluding virtual items climbed 52%. Annual active customer accounts increased by 65% to 188.1MM in 12 months ended June 30, 2016 from 114.0MM in 12 months ended June 30, 2015, excluding unique customers from Paipai.com.
$GOOG’s Waymo accuses Uber of stealing its intellectual property. Startup Otto, which was recently acquired by Uber, also named in the lawsuit. Stage set for another dramatic legal battle!
We all knew $VALE CEO Murilo Ferreira was going out soon, but now I hear he has no idea who will succeed him!
$JCP, another traditional retailer that just shocked us with its biggest number of store closures.