May 10, 2019

Chinese e-commerce giant JD.com sees its slowest revenue growth on record

Erica Pandey, author of @Work

A JD.com delivery bot in Tianjin, China. Photo: VCG via Getty Images

The 21% revenue growth posted by Chinese e-commerce giant JD.com in the first quarter of 2019 is its slowest on record, signaling that the rush of new Chinese customers is starting to plateau. JD's chief rival, Alibaba, has also reported slowing growth.

Why it matters: The e-commerce companies experienced massive booms in earlier years as millions of new Chinese users entered the urban middle class and became customers. Now, the pace of growth for that user base is slowing down, forcing both JD and Alibaba to expand into other Asian markets to add shoppers.

Go deeper: JD.com makes 90% of its Chinese deliveries within 24 hours

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SpaceX capsule carrying astronauts docks with space station

The Crew Dragon just before docking on Sunday. Photo: NASA TV

SpaceX's Crew Dragon safely delivered two NASA astronauts — Doug Hurley and Bob Behnken — to the International Space Station on Sunday after the company's historic launch Saturday.

Why it matters: This marks the first time a private company has delivered people to the space station and it signals the beginning of the end of NASA's reliance on Russia's Soyuz spacecraft for flights to orbit.

Minnesota AG: Prosecution of officer in George Floyd case shouldn't be rushed

Minnesota Attorney General Keith Ellison cautioned in an interview on "Fox News Sunday" that the case against Derek Chauvin, the former Minneapolis police officer involved in the death of George Floyd, is "very early in the process" and that charges could be amended or added.

Why it matters: Chauvin was arrested last week and charged with third-degree murder and manslaughter, which implies that he did not intend to kill Floyd. Some protestors have demanded more severe charges and Floyd's family has asked Ellison to serve as a special prosecutor in the case.

Robert O'Brien: "I don't think there's systemic racism" in law enforcement

White House national security adviser Robert O'Brien said on CNN's "State of the Union" on Sunday that he doesn't believe there is "systemic racism" among law enforcement in the U.S., arguing that there are "a few bad apples" that are giving police a bad name.

Why it matters: The mass protests that have swept across the United States are not just a response to the death of George Floyd, but of the dozens of high-profile instances of unarmed black men dying at the hands of police officers over the years.