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e-commerce

ByteDance profit jumps 60% to US$40 billion, taking TikTok’s owner past arch-rival Tencent

by Anas Siddiqui
ByteDance profit jumps 60% to US billion, taking TikTok’s owner past arch-rival Tencent

ByteDance’s profit surged roughly 60 per cent in 2023, outpacing the growth of online peers Tencent Holdings and Alibaba Group Holding, in a sign of the TikTok owner’s resilience in …

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Singapore says Shopee safe as Amazon against scams. Carousell, Facebook Marketplace rank worst

by Walter Watson
Singapore says Shopee safe as Amazon against scams. Carousell, Facebook Marketplace rank worst

The ratings, which are refreshed annually, seek to provide consumers with information on the anti-scam measures implemented by e-commerce platforms operating in Singapore. The overall safety rating assigned to each …

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Alibaba’s AliExpress pushes ‘10 billion yuan of subsidies’ campaign to entice more Chinese brands and merchants to sell in overseas markets

by Anas Siddiqui
Alibaba’s AliExpress pushes ‘10 billion yuan of subsidies’ campaign to entice more Chinese brands and merchants to sell in overseas markets

The campaign called “10 billion yuan of subsidies” – a typical mainland marketing phrase used to tout large online allotments – will be given to an initial batch of 1,000 …

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Chinese tech giant Lenovo targets US$16 billion in sales of new AI-powered computers, smartphones via e-commerce partner JD.com

by Anas Siddiqui
Chinese tech giant Lenovo targets US billion in sales of new AI-powered computers, smartphones via e-commerce partner JD.com

The two Hong Kong-listed partners are targeting 120 billion yuan (US$16.6 billion) in sales over the 2024-2026 period via JD.com’s online and offline channels, covering Lenovo’s next-generation AI PCs, AI-powered …

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Where is Flipkart’s long-in-the-making IPO?

by Edgar Davis
Where is Flipkart’s long-in-the-making IPO?

Kalyan Krishnamurthy, CEO of Flipkart; illustration by Manali Ghosh Synopsis Huge losses, missed targets, top-level churn, and a heavily skewed GMV mix suggest that Flipkart has its task cut out …

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China e-commerce: how SoftBank-backed Firework aims to help mainland merchants sell directly in overseas markets

by Anas Siddiqui
China e-commerce: how SoftBank-backed Firework aims to help mainland merchants sell directly in overseas markets

“Live-stream shopping in China is very influencer-driven. People watch live streams because they trust the influencer,” he said. “Whereas in the US, it’s still brand-focused. The relationship is between the …

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12th pass: Meet Vishesh Khurana, the ‘college dropout’ who will lead Tribe Capital’s India foray

by Edgar Davis
12th pass: Meet Vishesh Khurana, the ‘college dropout’ who will lead Tribe Capital’s India foray

Vishesh Khurana, co-founder, Shiprocket; Illustration by Manali Ghosh Synopsis Khurana is all set to head the India fund of Tribe Capital, the Menlo Park-headquartered VC firm with USD1.6 billion in …

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TikTok Shop’s Era of Super Subsidies Is Ending

by Anas Siddiqui
TikTok Shop’s Era of Super Subsidies Is Ending

The days of buying ultracheap stuff on TikTok Shop may be winding down. Starting today, the fees TikTok charges sellers increase from 2 percent to 6 percent of the price …

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China’s short video and live streaming sector still growing, with more than 15 million hosts, as online shopping fuels demand

by Anas Siddiqui
China’s short video and live streaming sector still growing, with more than 15 million hosts, as online shopping fuels demand

The CNSA estimated this e-commerce segment was already worth hundreds of billions of dollars on the mainland. The state-run body reports to the National Radio and Television Administration (NRTA), China’s …

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Alibaba’s AliExpress eyes European success with Euro2024 football sponsorship, after rival Temu cracked US market with Super Bowl ads

by Anas Siddiqui
Alibaba’s AliExpress eyes European success with Euro2024 football sponsorship, after rival Temu cracked US market with Super Bowl ads

Alibaba Group Holding’s international e-commerce platform AliExpress is betting on a European market breakthrough by sponsoring this year’s European Football Championship, or Euro 2024, a move that comes after its …

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