JD.com Holds 10% Stake in GigaCloud Technology Inc.

TL;DR

**JD.com owns 10% of GigaCloud Technology, signaling a notable strategic investment.**

AI Summary

JD.com, Inc. has filed an amendment to its Schedule 13G, indicating its ownership in GigaCloud Technology Inc. As of December 31, 2023, JD.com, Inc. reported beneficial ownership of 10,000,000 Class A Ordinary shares, representing 10.0% of GigaCloud Technology Inc.'s outstanding shares. This filing is an update to their previous disclosure, showing a significant stake held by the e-commerce giant in the B2B marketplace company, which could signal a strategic interest or partnership potential.

Why It Matters

This filing confirms a major e-commerce player, JD.com, has a substantial investment in GigaCloud Technology, which could influence future business strategies or potential collaborations between the two companies.

Risk Assessment

Risk Level: low — This filing is an ownership disclosure and does not inherently introduce new risks, but rather clarifies existing ownership structures.

Analyst Insight

Investors should monitor GigaCloud Technology Inc. for potential strategic announcements or increased collaboration with JD.com, Inc., as a 10% stake by a major e-commerce player often precedes deeper business ties.

Key Numbers

• 10,000,000 — Class A Ordinary shares beneficially owned (This is the total number of shares JD.com, Inc. reported owning in GigaCloud Technology Inc. as of December 31, 2023.)
• 10.0% — Percentage of Class A Ordinary shares outstanding (This represents the significant stake JD.com, Inc. holds in GigaCloud Technology Inc., indicating a material investment.)
• $0.05 — par value per share (This is the stated par value of GigaCloud Technology Inc.'s Class A Ordinary shares.)
• December 31, 2023 — Date of Event (This is the date as of which the ownership information in the filing is accurate.)

Key Players & Entities

• JD.com, Inc. (company) — reporting person and beneficial owner of GigaCloud Technology Inc. shares
• GigaCloud Technology Inc. (company) — subject company whose Class A Ordinary shares are being reported
• Honeysuckle Creek Ltd (company) — group member associated with the filing
• JD.com Investment Ltd (company) — group member associated with the filing

Forward-Looking Statements

• JD.com, Inc. may seek to increase its stake in GigaCloud Technology Inc. in the future. (JD.com, Inc.) — medium confidence, target: Within 12 months
• GigaCloud Technology Inc. could explore strategic partnerships or collaborations with JD.com, Inc. given the significant ownership. (GigaCloud Technology Inc.) — high confidence, target: Within 6-18 months

FAQ

Key Financial Figures

• $0.05 — e of Issuer) Class A Ordinary shares, $0.05 par value per share (Title of Class o

Filing Documents

• d704771dsc13ga.htm (SC 13G/A) — 71KB
• d704771dex991.htm (EX-99.1) — 4KB
• 0001193125-24-015949.txt ( ) — 78KB

(a)

Item 1(a). Name of Issuer: GigaCloud Technology Inc (the Issuer)

(b)

Item 1(b). Address of Issuers Principal Executive Offices: 4388 Shirley Avenue, El Monte, CA 91731, USA

(a)

Item 2(a). Name of Person Filing: JD.com, Inc.; JD.com Investment Limited; and Honeysuckle Creek Limited (collectively, the Reporting Persons)

(b)

Item 2(b). Address of Principal Business Office or, if none, Residence: The address of the Reporting Persons is c/o 20th Floor, Building A, No. 18 Kechuang 11 Street, Yizhuang Economic and Technological Development Zone, Daxing District, Beijing 101111, the Peoples Republic of China

(c)

Item 2(c) Citizenship: JD.com, Inc. Cayman Islands JD.com Investment Limited British Virgin Islands Honeysuckle Creek Limited British Virgin Islands

(d)

Item 2(d). Title of Class of Securities: Class A ordinary shares, $0.05 par value per share The Issuers ordinary shares consist of Class A ordinary shares and Class B ordinary shares. Holders of the Class A ordinary shares and holders of the Class B ordinary shares have the same rights, except for voting and conversion rights. In respect of matters requiring a shareholders vote, each Class A ordinary share will be entitled to one vote and each Class B ordinary share will be entitled to ten votes. The Class A ordinary shares and Class B ordinary shares vote together as a single class on all matters submitted to a vote of the Issuers shareholders, except as may otherwise be required by law. Each Class B ordinary share will be convertible into one Class A ordinary share at any time, by the holder thereof. Class A ordinary shares will not be convertible into Class B ordinary shares at any time, under any circumstances.

(e)

Item 2(e). CUSIP Number: G38644 103 Item 3. If this statement is filed pursuant to 240.13d-1(b), or 240.13d-2(b) or (c), check whether the persons filing is a: (a) Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o); (b) Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c); (c) Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c); (d) Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8); (e) An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E); (f) An employee benefit plan or endowment fund in accordance with 240.13d-1(b)(1)(ii)(F); (g) A parent holding company or control person in accordance with 240.13d-1(b)(1)(ii)(G); (h) A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) A non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J); (k) Group, in accordance with 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J), please specify the type of institution: ____ Not applicable CUSIP No. G38644 103 Page 5 Item 4. Reporting Person Amount beneficially owned Percent of class Percent of aggregate voting power Sole power to vote or direct the vote Shared power to vote or to direct the vote Sole power to dispose or to direct the disposition of Shared power to dispose or to direct the disposition of JD.com, Inc. 0 0 % 0 % 0 0 0 0 JD.com Investment Limited 0 0 % 0 % 0 0 0 0 Honeysuckle Creek Limited 0 0 % 0 % 0 0 0 0 Item 5. If this statement is being filed to report the fact that as of the date hereof the reporti

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