Alibaba Group Holding and JD.com said they achieved sales growth during this year’s Singles’ Day shopping festival, but stopped short of disclosing exact revenue numbers for the second straight year, …
Pinduoduo, China’s second-largest e-commerce platform, performs the worst among its peers in environmental actions, lacking in strategies and disclosures on climate change, biodiversity and waste management, according to Greenpeace. Despite …
By Bloomberg Published Nov 10, 2023 When Farfetch Ltd. came to market in a $7 billion initial public offering in 2018, it promoted itself as a way to tap into …
Microsoft-backed OpenAI’s launch of its latest artificial intelligence (AI) large language model (LLM) GPT-4 Turbo at the start-up’s first developer event earlier this week is expected to widen the gap …
The US$57 million bid to buy out local rival Best by Cainiao, Alibaba Group Holding’s logistics spin-off, ahead of a planned US$1 billion listing in Hong Kong will enhance its …
Chinese logistics company Best, which counts e-commerce titan Alibaba Group Holding among its investors, said it has received a preliminary buyout offer from a consortium including local rival Cainiao, the …
The country name “Israel” does not appear on online maps on the Chinese search engine Baidu or the Alibaba-backed maps app Amap, though surrounding countries’ names are clearly shown, according …
By Reuters API Published Oct 31, 2023 China’s Alibaba is pressuring merchants to offer rock-bottom prices on its marketplaces in this year’s Singles Day extravaganza, three industry sources said, as …
Photo: Porsche Porsche has announced its vehicle will feature native Google software going forward, the Verge reported. While new Porsche owners will be able to use a wide variety of …
Pinduoduo, the bargain e-commerce app operated by PDD Holdings, is enticing China’s cost-conscious consumers with steep price subsidies during this year’s Singles’ Day shopping festival, as it reported a year-on-year …