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PDD GROUP
Amazon takes low-cost ecommerce service globalAmazon on Friday expanded the reach of its low-cost ecommerce service to 14 additional markets and will call it Amazon Bazaar, as part of a...- Temu ditches Chinese imports model to avoid Trump’s tariffsTemu, known for its cheap Chinese imports, is shifting to a "local fulfillment" model, focusing on US-based merchants to avoid tariffs and ...
- Chinese ecommerce platforms to end refund-without-returns amid weak economyThe government met operators including PDD Holdings and concluded the practice must end by July, from which point only merchants will be ab...
- Alibaba's China ecommerce platforms to accept Tencent's Wechat PayAlibaba is affiliated with the Jack Ma-founded Ant Group's Alipay, which is WeChat's main rival for online payments in China. Tencent has a...
- US safety commissioners call for investigation into Shein, TemuU.S. Consumer Products Safety Commission leaders are urging an investigation into e-commerce giants Shein and Temu for selling hazardous ba...
- Alibaba bets on gen AI tools for overseas merchants, executive saysAlibaba's international e-commerce unit is leveraging generative AI tools for translation, content creation, and product returns. VP Kaifu ...
- Temu will have to comply with tougher EU online content rules, EU saysTemu, a fast-fashion e-commerce retailer under the PDD Group, is required to comply with strict EU online content rules as a very large onl...
- 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 ...
- Low-cost ecommerce giant PDD Holdings beats quarterly revenue estimatesThe e-commerce giant continues to gain market share with highly competitive pricing in China and overseas as customers spend on affordable ...
- Alibaba boosts share buy back as revenues missChina's Alibaba Group Holding on Wednesday missed analysts' estimates for third-quarter revenue, hurt by softness in the retail market and ...
- Alibaba dips on MS downgrade as PDD grabs spot of most valuable Chinese e-commerce firmAlibaba's U.S. shares slipped 1.5% to $73.7 in premarket trading, tracking a fresh one-year low. They are down 14% since the company posted...
- Alibaba set to lose no. 1 ecomm player spot to PDDThe once-inconceivable shift reflects the turmoil that engulfed Alibaba after Beijing in 2020 targeted the company and its once-outspoken c...
- Jack Ma returns to rally troops after Alibaba’s troubles deepen“Every great company is born in a winter,” Ma wrote in response to a staff post. “The people willing to reform for the future, and the orga...
- JD shares hit record low, banks cut Q3 growth target on retail slowdownJD, which is listed in Hong Kong and the United States, is expected to report quarterly financial data in mid-November following China's ma...
- Pinduoduo-owner PDD beats second-quarter revenue expectations, shares jumpEcommerce platforms in China have been offering discounts and subsidies to lure shoppers in an uncertain economy. The focus on low-cost pro...
- Premier Li Qiang urges Chinese tech giants to support economy as crackdown endsAfter listening to suggestions from firms that also included PDD Holdings' Pinduoduo and JD.com, Li told them authorities would seek to mak...
- Alibaba fourth-quarter revenue rises 2%Alibaba Group Holding Ltd. reported fourth-quarter revenue that missed expectations, as Chinese consumer spending has gained some momentum ...
- China-linked online superstore pips Amazon, Walmart to become most downloaded app in USTemu, which runs an online superstore for virtually everything -- from home goods to apparel to electronics -- unveiled a commercial during...
- Tencent's 48-yr-old Pony Ma dethrones Jack Ma to become China's richestPony Ma overtook real estate tycoon Wang Jianlin as China’s second-richest person in 2013.
- E-commerce upstart wants its data back from AlibabaPDD’s in-house system now hooks up and shares information, such as unique identifiers for individual products, between merchants, couriers ...
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