Walmart is refining its strategy in the world’s second-largest economy, where its long-standing e-commerce partner is struggling along with major rivals Alibaba Group Holding and PDD Holdings, owner of Pinduoduo …
Chinese-founded fast-fashion online retailer Shein has received the go-ahead from local authorities in Guangzhou, capital of southern Guangdong province, to build a new supply chain hub in the city’s Zengcheng …
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, …
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 …
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 …
Fast-fashion retailer Shein, which thrives on a business model that sells budget made-in-China consumer goods overseas, is set to file an initial public offering (IPO) in London this week, according …
Senior executives that include Wang Hai, Liu Peng, Yu Feng and Wang Mingqiang retired from Taobao and Tmall Group on May 1, according to Chinese media reports on Wednesday. Taobao …
More Chinese technology companies might turn to convertible bonds after Alibaba Group Holding and JD.com raised a combined US$6.5 billion through such notes. Alibaba sold US$4.5 billion in debt that …
Shares of Temu parent PDD Holdings are being held back by geopolitical risks and fierce competition in China’s e-commerce sector. Granted, it US-listed stock has surged 43 per cent from …
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 …