been working to bring imported, higher-quality products to China’s smaller cities and rural areas at an affordable price, and it’s shown strong traction amongst its user base. As of September last year, the company claimed to have 232 million monthly active users that are growing at over 200% year-over-year.James Mi, Lightspeed Venture Partners Although dropping from #5 to #9 on this year’s list, JD.
Recently, JD.com has been focused on expanding its business beyond traditional e-commerce and into areas like smart cities. The company recently created a new brand, iCity, dedicated to bringing its work in big data, artificial intelligence, and the Internet of Things to Chinese cities. JD.com isplanning to build a JD-branded smart town, which will include capabilities in smart retail, Internet of Things, logistics lighting, and transporting. In addition to its investments in smart cities, JD.
Since its appearance on last year’s top 10, Snap has taken steps to enhance its app performance and increase monetization of its users. The company’s most recent quarterly earnings report showed promising signs of a turnaround for Snap, as it beat analyst expectations on daily active user growth and earnings.
Source: News Formal (newsformal.com)
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