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PINDUODUO INC
Google suspends Chinese ecommerce app Pinduoduo after finding malware in versionsThe Mountain View-based company said on Tuesday it has found versions of the app, offering PDD Holdings Inc.’s flagship e-commerce service,...- Wall Street drops as Apple, energy stocks weighAt 10:48 a.m. ET, the Dow Jones Industrial Average was down 24.82 points, or 0.07%, at 33,122.43, the S&P 500 was down 9.92 points, or 0.26...
- US-listed Chinese tech companies cancel HK-listing plans: reportWhile the Chinese ecommerce firm has paused discussions of a potential Hong Kong listing, freight company Full Truck Alliance has scrapped ...
- Wall Street flat as energy stocks limit declines in growth sharesFive of the 11 major S&P 500 sector indexes were trading higher, with energy up 1.6% as crude prices jumped amid expectations that OPEC+ wo...
- US stock market: Dow Jones, Nasdaq end down sharply, hit by Apple and China worriesShares of the Cupertino, California tech giant lost 2.6% and weighed heavily on the benchmark S&P 500 index as worker unrest at the world's...
- Wall Street rises on gains in Walgreens, Best BuyAt 10:07 a.m. ET, the Dow Jones Industrial Average was up 267.99 points, or 0.80%, at 33,968.27, the S&P 500 was up 19.71 points, or 0.50%,...
- Temasek hikes stake in ecommerce companies Amazon, PinduoduoTemasek, among the biggest investors in the world with major investments in Singapore Airlines, DBS Group and others, first disclosed a sta...
- Alibaba looks to expand its Southeast Asian arm Lazada to EuropeThe move comes months after Alibaba's logistics arm, Cainiao, opened a central hub for European sales in Belgium.
- Chinese regulators ask some US-listed firms to prepare for audit disclosuresAs part of that move, the China Securities Regulatory Commission (CSRC) and other regulatory agencies earlier this month summoned top inter...
- Alibaba’s grocery chain Freshippo considers funding at $10 billion valueThe separate fundraising raises the prospect that Alibaba may consider spinning off the chain as a separate business, unlocking some of the...
- China’s tech moguls see $80 billion of wealth evaporate in 2021The country’s 10 richest tech tycoons lost $80 billion in combined net worth in 2021, according to the Bloomberg Billionaires Index, amid w...
- Wall Street ends sharply lower as pandemic fears resurgeThe blue-chip Dow was pulled down by industrial and financial companies sensitive to economic growth, with Boeing Co and Goldman Sachs each...
- You think FAANG is distorting the S&P? Consider ATMAt this rate, instead of buying passive funds that track the MSCI index, investors might as well just pile into China’s version of FAANG, k...
- Alibaba Q1 results: Beats estimates as pandemic fuels online, cloud computing demandSales from Alibaba's core commerce business jumped 34% to 133.32 billion yuan ($19.27 billion) in the first quarter ended June.
- Why are US stocks keeping Chinese investors awake at night?Traders are being drawn by global brands like Apple and Tesla, as well as local names such as Pinduoduo and Bilibili.
- Mark Zuckerberg’s fortune surpasses $100 billionThe staggering numbers have put Big Tech under increased scrutiny, with Zuckerberg, Bezos, Apple Inc. Chief Executive Officer Tim Cook and ...
- 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.
- Dow Jones dips as US-China tensions add to economic woesThe Dow Jones Industrial Average was down 137.22 points, or 0.56 per cent, at 24,336.90.
- Alibaba revenue, profit beat as online sales surge during lockdownAlibaba's overall revenue rose to 114.31 billion yuan ($16.02 billion) in the quarter ended March 31 from about 93.50 billion yuan a year e...
- 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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