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AliExpress

PDD-owned Temu’s first-half sales surge to US$20 billion, exceeding 2023 total: report

by Anas Siddiqui
PDD-owned Temu’s first-half sales surge to US billion, exceeding 2023 total: report

International online budget-shopping platform Temu, owned by Chinese e-commerce giant PDD Holdings, saw its gross merchandise value (GMV) surge to about US$20 billion in the first half of this year, …

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Alibaba denies talks to sell Lazada’s Thailand unit as it eyes continued global expansion

by Anas Siddiqui
Alibaba denies talks to sell Lazada’s Thailand unit as it eyes continued global expansion

Southeast Asian online shopping giant Lazada Group has refuted a report that parent company Alibaba Group Holding is planning to sell its Thailand unit, as China’s largest e-commerce conglomerate eyes …

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From Alibaba to BYD, Chinese sponsors jostle for attention at Euro 2024 football tournament

by Walter Watson
From Alibaba to BYD, Chinese sponsors jostle for attention at Euro 2024 football tournament

Chinese technology brands from Alibaba Group Holding to BYD make up a third of Euro 2024 football tournament’s 13 worldwide sponsors, an example of their growing global footprint and commitment …

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Why China-founded online fast-fashion retailer Shein is looking to go public in London

by Anas Siddiqui
Why China-founded online fast-fashion retailer Shein is looking to go public in London

People shop at online fast-fashion retailer Shein’s pop-up store in Ottawa, Ontario, Canada, on May 18, 2024. Photo: Reuters The pressure comes from these investors’ hopes of cashing out, according …

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Children’s products sold by Chinese online giant Shein have high toxic chemical levels, Seoul government says

by Walter Watson
Children’s products sold by Chinese online giant Shein have high toxic chemical levels, Seoul government says

Children’s products sold by the Chinese-founded online shopping giant Shein contained toxic substances in amounts hundreds of times above acceptable levels, the government of South Korea’s capital Seoul said on …

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Alibaba taps David Beckham as global brand ambassador for international e-commerce platform ahead of Euro 2024

by Anas Siddiqui
Alibaba taps David Beckham as global brand ambassador for international e-commerce platform ahead of Euro 2024

Alibaba Group Holding’s global shopping platform AliExpress has signed up English football star David Beckham as its global brand ambassador, as the Chinese e-commerce giant strengthened efforts to boost its …

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Alibaba seeks growth in Mongolia with new e-commerce platform selling Chinese goods from wholesale marketplace 1688.com

by Anas Siddiqui
Alibaba seeks growth in Mongolia with new e-commerce platform selling Chinese goods from wholesale marketplace 1688.com

Alibaba Group Holding is expanding its business foothold in Mongolia, as the Chinese e-commerce giant’s wholesale marketplace 1688.com joins forces with local technology group Intelmind to launch a new platform. …

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China’s growing business ties with emerging markets offer ‘huge opportunity’ in B2B payment space: Ebanx

by Anas Siddiqui
China’s growing business ties with emerging markets offer ‘huge opportunity’ in B2B payment space: Ebanx

Ebanx, a Brazilian financial technology company focused on e-commerce, has identified demand for payment digitisation in the business-to-business (B2B) space in China and the increased adoption of the unified payments …

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Logistics property: Chinese cross-border e-commerce firms fuel demand, investment prospects in Greater Bay Area

by Anas Siddiqui
Logistics property: Chinese cross-border e-commerce firms fuel demand, investment prospects in Greater Bay Area

Logistics property in the bay area “bucked the headwinds” of a surge in new supply, said Silvia Zeng, head of research for south China at JLL. Southern China recorded a …

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Alibaba said to invest in women’s clothing app operator Ably to tap into South Korea’s booming online fashion market

by Anas Siddiqui
Alibaba said to invest in women’s clothing app operator Ably to tap into South Korea’s booming online fashion market

AliExpress, the international online retail platform of Alibaba, has been in talks to invest US$72.4 million to acquire a 5 per cent stake in Ably Corp, operator of South Korea’s …

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