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PDD

Jack Ma steps into ‘mistakes’ brouhaha to boost Alibaba’s morale, urges staff to embrace change and prepare for AI to upend e-commerce

by Anas Siddiqui
Jack Ma steps into ‘mistakes’ brouhaha to boost Alibaba’s morale, urges staff to embrace change and prepare for AI to upend e-commerce

Alibaba Group Holding has fundamentally changed its corporate culture to put customers first in its adaptation of technology, its co-founder Jack Ma wrote, as he stepped into a social media …

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PDD’s Colin Huang surpasses Tencent, ByteDance founders as China’s richest tech billionaire after Pinduoduo outgrows e-commerce rivals

by Anas Siddiqui
PDD’s Colin Huang surpasses Tencent, ByteDance founders as China’s richest tech billionaire after Pinduoduo outgrows e-commerce rivals

Colin Huang, the founder of PDD Holdings, has become China’s richest technology entrepreneur after a surge in the value of its US-listed shares, allowing him to surpass the nation’s more …

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Discount e-commerce giant PDD beats quarterly revenue estimates as Temu shines

by Anas Siddiqui
Discount e-commerce giant PDD beats quarterly revenue estimates as Temu shines

Discount e-commerce giant PDD Holdings beat estimates for fourth-quarter revenue, driven by robust user growth and sales at its global platform Temu. PDD on Wednesday reported revenue of 88.88 billion …

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ByteDance executive leaves to start cross-border e-commerce venture after Shein, Temu success in US

by Anas Siddiqui
ByteDance executive leaves to start cross-border e-commerce venture after Shein, Temu success in US

A founding member of ByteDance’s flagship Douyin app, the Chinese version of TikTok, has left the tech giant to focus on his own start-up for cross-border e-commerce, as Chinese-backed peers …

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Alibaba’s AliExpress, PDD-owned Temu face supply chain challenges in South Korea amid rapid business expansion

by Walter Watson
Alibaba’s AliExpress, PDD-owned Temu face supply chain challenges in South Korea amid rapid business expansion

This article was first published by The Korea Times in a partnership with the South China Morning Post. China’s e-commerce giants are now the fastest-growing online platforms for Korean shoppers, …

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PDD halts development of local services offering to avoid head-on competition with Meituan and Ele.me, report says

by Anas Siddiqui
PDD halts development of local services offering to avoid head-on competition with Meituan and Ele.me, report says

E-commerce giant PDD Holdings has halted work on its local life services offering, avoiding head-to-head rivalry with Meituan, Alibaba Group Holding and ByteDance, whose Douyin short video app has also …

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ByteDance’s Douyin makes instant refunds mandatory, following PDD, Taobao and JD.com amid fierce e-commerce competition

by Anas Siddiqui
ByteDance’s Douyin makes instant refunds mandatory, following PDD, Taobao and JD.com amid fierce e-commerce competition

Douyin, the Chinese version of TikTok that is betting big on e-commerce, has made its “express refund” policy mandatory, forcing merchants to immediately return money to consumers upon request to …

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Alibaba promotes millennials to key e-commerce leadership roles as it repositions to fend off rivals

by Anas Siddiqui
Alibaba promotes millennials to key e-commerce leadership roles as it repositions to fend off rivals

Alibaba Group Holding is pushing millennials, typically defined as those born in the early 1980s to mid-1990s, to take key roles in the country’s largest online market, as the Hangzhou-based …

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Temu wins US injunctions as PDD’s overseas e-commerce platform pushes ahead with legal battles against phishing sites

by Anas Siddiqui
Temu wins US injunctions as PDD’s overseas e-commerce platform pushes ahead with legal battles against phishing sites

A United States court has granted preliminary injunctions to Temu, owned by Shanghai-based PDD Holdings, against phishing sites in the latest development in its legal action against websites that impersonate …

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Pinduoduo ramps up investment in AI with job posts for LLM engineers as it eyes greater adoption

by Anas Siddiqui
Pinduoduo ramps up investment in AI with job posts for LLM engineers as it eyes greater adoption

Budget shopping platform Pinduoduo, operated by PDD Holdings, is ramping up investment in artificial intelligence (AI) after posting job adverts for various positions, including algorithm engineers. Pinduoduo is offering up …

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