He added that his bricks-and-mortar store on Tuesday received more than dozen inquiries about the PS5’s availability. Sony’s flagship store in Shanghai’s upscale Huangpu district on Tuesday saw its stock …
AI investment has boosted the company’s revenue in search and recommendation scenarios, Chen said, and helped increase the frequency with which shoppers repurchase products on the company’s e-commerce platforms such …
By Reuters Published Aug 16, 2024 Alibaba Group Holding missed market expectations for first-quarter revenue on Thursday (15 August), as the company’s domestic e-commerce sales came under pressure from cautious spending …
By Bloomberg Published Jun 26, 2024 Cashmere ponchos, lambskin bras and $1,000 Air Jordans. A 1,000-square meter retail homage to Michael Jordan in Beijing’s trendiest neighborhood. Affiliations with China’s domestic …
Douyin, the Chinese version of TikTok, led all other platforms with a 26.2 per cent surge in GMV, followed by Pinduoduo’s 17.7 per cent and Kuaishou’s 16.1 per cent. Alibaba …
Hong Kong Export Credit Insurance Corp (ECIC) has introduced a new insurance cover for trade loans offered by fintech start-up FundPark, which could open much-needed funding for the city’s fast-growing …
As luxury giant Richemont continues to seek a long-term solution for its underperforming Yoox Net-A-Porter (YNAP) business, a report has said that the online operation is exiting China to focus …
By Bloomberg Published Jun 14, 2024 Some luxury labels are discounting their products to an unprecedented degree in China, reflecting a growing panic over unsold inventory as local consumers pull …
Alibaba Group Holding and other e-commerce operators have released encouraging early sales data from their midyear 618 promotions – China’s biggest shopping season after Singles’ Day, and a bellwether of …
Apple is offering a new range of steep discounts for iPhone 15 models to consumers in mainland China, with online retail platforms bringing prices to a new low amid the …