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e-commerce

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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Fanatics to Oversee Merchandising, Stores for Italy’s Juventus

by Lionel Rogers
Fanatics to Oversee Merchandising, Stores for Italy’s Juventus

Fanatics is extending its reach within the soccer world. The digital sports platform has inked a deal with Juventus, the popular Italian soccer club, that covers e-commerce, retail, manufacturing and …

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Chinese e-commerce sales up 14% during 618 shopping festival, report says

by Anas Siddiqui
Chinese e-commerce sales up 14% during 618 shopping festival, report says

Douyin, the Chinese version of TikTok, led all other platforms with a 26.2 per cent surge in GMV, followed by Pinduoduo’s 17.7 per cent and Kuaishou’s 16.1 per cent. Alibaba …

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China tech stocks are back in favour with sceptic who had questioned their investibility

by Anas Siddiqui
China tech stocks are back in favour with sceptic who had questioned their investibility

Chinese tech shares have raced ahead of earnings, and investors expect companies to deliver in an improving economy before buying more stock, according to an analyst who once questioned the …

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As Shein heads towards IPO, its Chinese billionaire founder stays under cloak of secrecy

by Anas Siddiqui
As Shein heads towards IPO, its Chinese billionaire founder stays under cloak of secrecy

According to multiple people who worked with Xu, the Chinese billionaire has decided to stay away from the limelight because of his personality and the belief that any attention drawn …

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Delivered in an instant: India’s quick commerce apps shake up online shopping

by Walter Watson
Delivered in an instant: India’s quick commerce apps shake up online shopping

Instant delivery apps, which make use of artificial intelligence and advanced analytics, have revolutionised online shopping in India – offering an alternative to e-commerce giants such as Amazon and Walmart’s …

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In Huawei’s home province, lychee farmers reap the benefits of China’s rural 5G push

by Anas Siddiqui
In Huawei’s home province, lychee farmers reap the benefits of China’s rural 5G push

In the heart of an 11-acre lychee orchard, Yin Yaocheng begins his daily labour early in the morning. But unlike some of his fellow farmers, who spend the day ploughing …

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ByteDance said to cut 450 jobs in Indonesia after deal merging TikTok Shop with Tokopedia

by Walter Watson
ByteDance said to cut 450 jobs in Indonesia after deal merging TikTok Shop with Tokopedia

The reductions, equal to about 9 per cent of employees at the Indonesian unit, will commence as soon as this month, according to people familiar with the matter. The final …

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Chinese triple-A video game Black Myth: Wukong proves a big hit with initial pre-orders 16 times oversubscribed

by Anas Siddiqui
Chinese triple-A video game Black Myth: Wukong proves a big hit with initial pre-orders 16 times oversubscribed

China’s first triple-A video game, Black Myth: Wukong, has emerged as a big hit more than two months before its official release, as initial domestic pre-orders were about 16 times …

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Who is this mystery Chinese woman? She gets more red carpet interest at 2024 Cannes Film Festival than legendary Gong Li

by Ron Morgan
Who is this mystery Chinese woman? She gets more red carpet interest at 2024 Cannes Film Festival than legendary Gong Li

When the 77th Cannes Film Festival opened on May 14, people on mainland social media were bewildered by a mysterious Chinese woman who got more red carpet attention than top …

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