China's JD.com moves into food delivery, starts recruiting restaurantsCatering merchants who register with JD Takeaway before May 1 will enjoy commission-free services for the entire year, it said.
11 Feb, 2025, 04.06 PM IST
China's Alibaba says to sell department store arm for $1.3 billion lossAlibaba is selling its department store chain, Intime, at a $1.3 billion loss due to increased competition in China's ecommerce market. The...
17 Dec, 2024, 05.25 PM IST
Chinese tech giant Alibaba posts 5% quarterly revenue growthChinese tech and ecommerce giant Alibaba on Friday reported moderate revenue growth of five percent in its latest quarter, as Beijing works...
15 Nov, 2024, 06.12 PM IST
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...
04 Sep, 2024, 02.38 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, Meta hot streaks fuel Nasdaq 100's July rallyApple is the biggest component of the Nasdaq 100, comprising nearly 12% of the index weight. The stock has risen about 1% in July and is po...
01 Aug, 2023, 05.47 AM 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
Alibaba stock is overbought as spinoff prompts $47 billion rallyThe Chinese internet conglomorate’s plan to slash its empire into six units has so far added $47 billion of market value, causing a key tec...
01 Apr, 2023, 10.04 AM IST
Chinese billionaire Richard Liu settles US rape allegationRichard Liu, who stepped down as the CEO of Beijing-based e-commerce company JD.com this year amid increased government scrutiny of China's...
02 Oct, 2022, 11.17 AM IST
Tiger Global lost 7% last year, first annual drop since 2016The fund struggled in the final two months, dropping 8% and 10.7% in November and December, respectively, the people said. That erased a 13...
11 Jan, 2022, 08.49 AM IST
Chinese tech’s brief revival is already showing signs of fatigueThe rally in the Hang Seng Tech Index, which tracks Chinese tech stocks listed in Hong Kong, fizzled out toward the end of this week amid h...
28 Aug, 2021, 02.47 PM IST
China's JD.com cashes in on steady online demand, beats expectationsJD.com raked in 110 million new active customer accounts during the year while Jack Ma's Alibaba added about 68 million active buyers in th...
11 Mar, 2021, 08.39 PM IST
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.
20 Aug, 2020, 06.06 PM IST
China exporters look inwards as virus hits overseas marketsChinese online marketplace Taobao said the number of foreign trading companies opening stores on its domestic-focused platform spiked 160 p...
24 May, 2020, 11.14 AM IST
Google to invest $550 mln in Chinese e-commerce giant JD.comThe investment may give Google access to more consumer data, which can be used to boost usage of Google Shopping.
18 Jun, 2018, 07.18 PM IST
Flipkart investor Tiger Global reduces its stake in Amazon by 67%Amazon was Tiger Global's second-largest public holding, after it had picked up 2.44 million shares for about $1 billion in September last ...
18 May, 2016, 02.18 AM IST
Mobile gadgets overtake PCs in China's online retail salesShare of mobile sales in online sales nationwide gained 3.2 percentage points from the first quarter this year to 50.8 per cent in the seco...
28 Nov, 2015, 11.20 AM IST