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PDD

Chinese consumers on the hunt for low prices, local brands on Singles’ Day shopping festival as economy shows signs of turning a corner

by Anas Siddiqui
Chinese consumers on the hunt for low prices, local brands on Singles’ Day shopping festival as economy shows signs of turning a corner

More than three-quarters of 3,000 shoppers recently surveyed by Bain & Co plan to spend less or maintain their expenditure at 2022 levels during this year’s Singles’ Day, according to …

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Temu files lawsuits against ‘cybersquatters’ in US e-commerce market as it seeks to end legal fights with rival Shein

by Anas Siddiqui
Temu files lawsuits against ‘cybersquatters’ in US e-commerce market as it seeks to end legal fights with rival Shein

Fast-growing online marketplace Temu, owned by Shanghai-based PDD Holdings, has filed a lawsuit against 20 websites in the United States for cybersquatting and offering unauthorised coupon codes, while the e-commerce …

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China-tied e-commerce rivals Shein and Temu call a truce in US court battle

by Anas Siddiqui
China-tied e-commerce rivals Shein and Temu call a truce in US court battle

Fierce rivals Shein and PDD Holdings-owned Temu have applied to end their legal fights with each other in the US, documents show, marking a truce even as a global market …

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Alibaba steps up Singles’ Day promotion with group of live streamers persuading consumers to shop for low-priced goods on its platforms

by Anas Siddiqui
Alibaba steps up Singles’ Day promotion with group of live streamers persuading consumers to shop for low-priced goods on its platforms

Among the live streamers who helped launch the Alibaba e-commerce unit’s campaign at 8pm on Tuesday via Taobao Live, a dozen of them – including top influencer Austin Li Jiaqi …

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Chinese e-commerce giant JD.com kicks off Singles’ Day shopping season amid intense price war to win over consumers

by Anas Siddiqui
Chinese e-commerce giant JD.com kicks off Singles’ Day shopping season amid intense price war to win over consumers

Within 10 minutes of its promotion’s 8pm start, JD.com’s user orders and overall transaction volume skyrocketed to achieve over four times last year’s figures, the Beijing-based company said in a …

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Apple iPhone 15 already being discounted on Chinese e-commerce sites in run up to Double 11 sales festival

by Anas Siddiqui
Apple iPhone 15 already being discounted on Chinese e-commerce sites in run up to Double 11 sales festival

Apple’s new iPhone 15 series is already subject to steep discounts on Chinese e-commerce websites in the run up to this year’s Double 11 online sales extravaganza, with the iconic …

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Mainland China Bourses Close For National Day Holidays Until Oct. 9 Amid Tough Year

by Anas Siddiqui
Mainland China Bourses Close For National Day Holidays Until Oct. 9 Amid Tough Year

U.S.-traded shares in Chinese e-commerce heavyweight JD.com have lost nearly half of their value so … [+] far this year. (Photo by Smith Collection/Gado/Getty Images) Getty Images Stock exchanges in …

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