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Pinduoduo

China’s Suzhou city plans supercharged cross-border e-commerce business after Shein and Temu success

by Anas Siddiqui
China’s Suzhou city plans supercharged cross-border e-commerce business after Shein and Temu success

The hi-tech manufacturing hub of Suzhou has unveiled a plan to double the city’s cross-border e-commerce annually for the next three years, as it looks to tap into the growing …

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Chinese social media platform Weibo removes fake images showing a rapidly ageing Tencent founder Pony Ma

by Anas Siddiqui
Chinese social media platform Weibo removes fake images showing a rapidly ageing Tencent founder Pony Ma

Chinese social media platform Weibo has deleted a number of accounts publishing and spreading a retouched photo of a grey-haired and wrinkle-faced Pony Ma Huateng, Tencent Holdings’ founder and CEO, …

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Alibaba’s logistics unit Cainiao to double year-end bonus for employees, in morale-boosting move after scrapped IPO

by Anas Siddiqui
Alibaba’s logistics unit Cainiao to double year-end bonus for employees, in morale-boosting move after scrapped IPO

Hangzhou-based Cainiao will launch an “entrepreneurship incentive plan” that will double the bonus pool allocated for the financial year ending March 31, 2025, according to company chief executive Wan Lin …

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ByteDance-owned Douyin launches stand-alone shopping app in China, heating up the competition against Alibaba, JD.com, PDD

by Anas Siddiqui
ByteDance-owned Douyin launches stand-alone shopping app in China, heating up the competition against Alibaba, JD.com, PDD

Douyin Mall was launched last week as a downloadable app for Android users in mainland China, the world’s largest smartphone market. An Apple iOS version of the app was not …

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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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Indonesian logistics giant J&T turns first profit in China, making up bulk of its revenue, despite price war

by Anas Siddiqui
Indonesian logistics giant J&T turns first profit in China, making up bulk of its revenue, despite price war

Indonesian logistics company J&T Global Express reported its first annual profit in China despite an escalating industry price war in its first earnings report since going public in Hong Kong …

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Is Temu legit? Everything you need to know about the app

by Maya Ortiz
Is Temu legit? Everything you need to know about the app

Have you been looking for an Amazon shopping alternative? Outside of getting in your car and heading to your local brick-and-mortar establishment (scary, we know), one smartphone and tablet-friendly shopping …

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Alibaba tests generative AI tools for Taobao and Tmall merchants as new tech arms race heats up China’s e-commerce sector

by Anas Siddiqui
Alibaba tests generative AI tools for Taobao and Tmall merchants as new tech arms race heats up China’s e-commerce sector

The generative AI tools provided by Huiwa, operated by Alibaba subsidiary Hangzhou Lianfan Information Technology, enable merchants to create both text and graphics content. Alibaba owns the South China Morning …

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China price wars help spark US$157 billion rout in mainland consumer stocks, as firms including Alibaba, Yum China and BYD drag the market

by Anas Siddiqui
China price wars help spark US7 billion rout in mainland consumer stocks, as firms including Alibaba, Yum China and BYD drag the market

Gauges of consumer stocks have been the worst performers on the MSCI China Index since the end of September, after the real estate measure. The aggregate market value of companies …

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