Fed minutes signals September rate cut
Traders work on the floor of the New York Stock Exchange during morning trading on August 20, 2024 in New York City. Michael M. Santiago | Getty Images This report …
PDD Holdings Inc
CNBC Daily Open: ‘Crazy’ summer
Traders work on the floor of the New York Stock Exchange during morning trading on Aug. 20, 2024. Michael M. Santiago | Getty Images This report is from today’s CNBC …
Shein sues Temu over copyright infringement, trade secret theft
Shein and Temu. Yuki Iwamura | Bloomberg | Stefani Reynolds | AFP | Getty Images Chinese-linked fast-fashion giant Shein is suing rival Temu, alleging the retailer stole its designs and …
Alibaba, JD.com results underscore the slowdown in Chinese consumer demand
A person seen walking next to the Alibaba’s corporate logo, in front of its office building at Chaoyang Technology Park in Beijing, China. Sopa Images | Lightrocket | Getty Images …
Alibaba shares dip 4% in premarket after earnings miss expectations despite cloud acceleration
Signage at the Alibaba Group Holding Ltd. headquarters in Hangzhou, China, on Friday, Aug. 2, 2024. Qilai Shen | Bloomberg | Getty Images Alibaba missed top and bottom line expectations …
China’s 618 e-commerce festival sees a decline in sales for the first time in 8 years
A Chinese shopper buys goods online in Zhoushan city, East China’s Zhejiang province, June 18, 2024. Cfoto | Future Publishing | Getty Images China’s annual 618 mid-year e-commerce festival saw …
China’s growing e-commerce market is creating a new set of winners
Online shopping in China is widely expected to grow. It’s less clear how much longtime players such as Alibaba and JD.com will benefit. “You have relatively strong insurgent players coming …
Temu parent PDD takes Alibaba spot as China’s most valuable e-commerce firm
Chinese e-commerce giant Pinduoduo has been behind its rivals Alibaba and JD.com when it comes to international expansion. Now Pinduoduo has launched a U.S. e-commerce site called Temu. Rafael Henrique …
Alibaba’s global arm signs David Beckham as international e-commerce brand ambassador
Alibaba’s international e-commerce platform AliExpress is a UEFA Euro 2024 sponsor and has signed David Beckham as its global brand ambassador. AliExpress BEIJING — Soccer star David Beckham will promote …
David Tepper’s Appaloosa is betting big on Chinese tech stocks
Billionaire investor David Tepper’s hedge fund increased its bets on Chinese tech stocks during the first three months of 2024, while dialing back exposure to some key domestic names. Appaloosa …