Temu-owner PDD tops quarterly revenue estimates as competition squeezes marginsAlong with the need to keep prices low in China, PDD's margins have been under pressure in recent quarters due to a multibillion-dollar inv...
25 Aug, 2025, 06.49 PM IST
Alibaba, PDD Holdings shares drop after US Postal Service suspends shipments from China, Hong KongThe USPS did not cite any reason for the temporary suspension. The halt followed US President Donald Trump's decision to do away with the s...
05 Feb, 2025, 07.27 PM IST
China's JD.com announces $5 billion share buyback planJD.com, which last week beat profit forecasts for the June quarter, and rivals such as Alibaba, have been seeking to alleviate investor con...
27 Aug, 2024, 05.20 PM IST
China's ecommerce giant Alibaba misses first-quarter revenue estimatesAlibaba's first-quarter revenue fell short of market expectations, impacted by cautious consumer spending in a struggling Chinese economy. ...
15 Aug, 2024, 04.17 PM IST
Why do billionaire traders don't eye Nvidia? They aim to bag these shares instead. Details hereThe biggest traders of world stock markets don't chase chipmaker Nvidia, they aim to buy the stocks of companies like Alibaba, JD.com, Kran...
11 Aug, 2024, 12.08 AM IST
E-commerce tycoon Huang tops China's rich listColin Huang's net worth reached $48.6 billion, making him China's wealthiest individual. He founded PDD Holdings, the parent company of e-c...
09 Aug, 2024, 09.28 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
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 ...
20 Mar, 2024, 04.29 PM IST
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...
01 Dec, 2023, 08.39 PM IST
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...
30 Nov, 2023, 12.15 AM IST
Low-cost ecommerce rivals Shein and Temu shelve US court casesShein and PDD Holdings-owned Temu have applied to end their legal fights with each other in the US, documents show, marking a truce even as...
27 Oct, 2023, 09.08 PM IST
Low-cost ecommerce rivals Shein and Temu shelve US court casesJoint declarations were filed to courts in Chicago and Boston by lawyers representing the companies and their subsidiaries, requesting that...
27 Oct, 2023, 11.45 AM IST
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...
13 Oct, 2023, 05.04 PM IST
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...
29 Aug, 2023, 04.40 PM IST
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...
12 Jul, 2023, 07.05 PM IST
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.
24 Jun, 2020, 05.04 PM IST
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 ...
28 Aug, 2019, 11.03 AM IST