China's Temu owner sees profit plunge as trade tensions lingerThe drop came as the economic superpowers are locked in another bruising trade standoff that saw US President Donald Trump last month scrap...
28 May, 2025, 09.36 AM IST
China publishes draft guidance for online-platform merchant feesThis is the latest in a series of steps by Beijing to support local merchants that are under pressure from a sluggish local economy and a t...
25 May, 2025, 11.31 PM IST
Alibaba Group lays off dozens of employees to cut costs: reportAlibaba layoffs: China's Alibaba Group has reduced the Yuanjing team, its metaverse arm, as part of a broader reset. The division was set u...
04 Nov, 2024, 10.38 AM 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
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 boosts share buyback as revenue misses estimatesAlibaba executives expressed coolness about the near-term potential of IPOs for Cainiao logistics and Freshippo. Alibaba is considering sel...
08 Feb, 2024, 08.41 AM IST
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 ...
07 Feb, 2024, 07.47 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
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
Alibaba's quarterly revenue beats even as China's economic recovery sputtersIn the first quarter of its staggered financial year, the group's revenue amounted to 234.1 billion yuan ($32.5 billion), higher than analy...
10 Aug, 2023, 04.57 PM IST
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 ...
18 May, 2023, 04.55 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