More worries for China, sales at big e-commerce festival drop for first timeThis year the shopping festival failed to stir up much excitement among shoppers, industry experts said, even as major platforms extended o...
19 Jun, 2024, 03.17 PM IST
Chinese ecommerce giants face delicate balance between discounts, profitAlibaba's earnings reports are crucial indicators for China's consumer sentiment, influenced by competition from Pinduoduo and Douyin. The ...
13 May, 2024, 07.31 AM IST
Apple's iPhone sales in China plunge 24% as Huawei's popularity surgesThe U.S. tech giant's chief competitor in China in premium smartphones, Huawei, saw unit sales rise by 64% in the period, according to the ...
05 Mar, 2024, 04.05 PM IST
Chinese consumers cheer Apple's iPhone 15, others prefer HuaweiShares in Apple and its suppliers were battered last week after reports that Chinese government agencies and state firms were banning staff...
13 Sep, 2023, 01.19 PM IST
Apple expands retail presence in China, opens store on WeChat platformThe move by Apple comes as Chinese consumers increasingly turn to social media platforms such as WeChat and ByteDance's Douyin, the Chinese...
11 Jul, 2023, 11.29 AM IST
Brands focus on stories in refining China livestreaming to boost profitsWhen tech giant Apple joined China's livestreaming frenzy, a major driving force of the e-commerce boom in the world's second biggest econo...
29 Jun, 2023, 07.56 AM IST
Penalty on electric two-wheeler makers guilty of wrongful subsidy claims; Eddie Wu is new Alibaba CEOCaught with their hands in the till, electric scooter makers who wrongfully claimed subsidies under the Centre’s FAME II scheme are set to ...
20 Jun, 2023, 08.48 PM IST
Chinese ecommerce giants entice cautious consumers with steep mid-year discountsThe 618 festival, named after the founding date of JD.com but embraced by all platforms and running from late May until June 18, is a key t...
16 Jun, 2023, 08.10 AM IST
China ecommerce giant Alibaba outlines future strategyAlibaba chief executive Daniel Zhang outlined details of a plan announced earlier this week to split Alibaba into six main groups as a prel...
30 Mar, 2023, 04.04 PM IST
Alibaba takes in $84.54 billion in orders in toned-down Singles DayThe results come as overall consumption in China slows, and cap a relatively muted version of a sales festival that Alibaba once aggressive...
11 Nov, 2021, 11.51 PM IST
Alibaba spotlights social welfare in last hours of toned-down Singles' Day shopping festThe e-commerce giant has this year toned down the marketing hype amid ongoing regulatory tightening from Chinese authorities, saying its fo...
11 Nov, 2021, 10.52 PM IST
Alibaba's Singles' Day sales hits new high, $24.3 billion by mid-dayThe Alibaba Group's various shopping platforms broke the 10 billion-yuan (USD 1.44 billion) sales threshold within the first two minutes an...
11 Nov, 2018, 05.11 PM IST
Alibaba chalks up $1.44 billion of Singles' Day sales in minutesThis year’s Nov 11 gala offers a glimpse of consumer sentiment in China as US tariff war threaten to damp the world’s No. 2 economy.
10 Nov, 2018, 11.29 PM IST
China’s BATs ready to dethrone US FAANG? Options suggest soWhen it comes to growth in mobile commerce, options prices suggest that the BATs have the FAANGs licked.
26 Aug, 2017, 10.16 AM IST
How Alibaba made Singles’ day in China a massive consumer phenomenonSingles’ Day is celebrated on November 11 because the date — 11/11 — is reminiscent of “bare branches,” the Chinese expression for bachelor...
10 Nov, 2015, 04.00 AM IST
Xiaomi sells 2.11 million phones in 12 hours; sets Guinness recordXiaomi said it has set a new Guinness World Record for mobile phone sales by selling 2.11 mn handsets in a 12-hr flash sale held to celebra...
10 Apr, 2015, 12.37 AM IST
Flipkart seeks to cut dependence on WS Retail to focus on marketplace modelWS Retail currently acts as a sort of clearing house for most of the goods sold on Flipkart, sourcing the bulk of the merchandise from vend...
19 Mar, 2015, 04.00 AM IST