Short sellers raise red flag over ZTO accounts, but its shares still rally
The U.S. short seller Grizzly Research has cast doubt on the high gross margins at ZTO Express, suspecting the firm’s books may have been cooked, but shares in the logistics…
2057.HK
ZTO.US
JD.com backs its merchants with $1.5 billion. But investors aren’t buying it
China’s No. 2 e-commerce company launched a 10 billion yuan subsidy plan for its merchants, as it eyes improving consumer sentiment in the second half of this year Key Takeaways:…
9618.HK
JD.US
Yatsen sees more color, profits ahead with end of China Covid controls
The makeup company’s color cosmetics business took a big hit in last year’s fourth quarter as consumer sentiment sagged during some of China’s strictest Covid controls Key Takeaways: Yatsen’s color…
YSG.US
Kingsware finds new funds – and profits – in automating mundane business processes
The company, whose AI-based products help to automate functions like accounting and customer support, raised a fresh 500 million yuan in its latest funding Key Takeaways: Robotic process automation (RPA)…
E-Commerce Troubles Cast Shadow over Quantgroup IPO Plans
The fintech behind the “Yangxiaomie” e-commerce platform has filed again for a Hong Kong listing, spurred by hopes of a consumer-led economic rebound Key Takeaways: Profits at Quantgroup Technology have…
Alibaba’s Pakistani Stumble Highlights Bumpy Road for China E-Commerce Abroad
The e-commerce giant’s Daraz unit said it will cut 11% of its workforce, weeks after Alibaba rival JD.com said it would shutter its Southeast Asian e-commerce operationKey Takeaways:Pakistani e-commerce site…
Ready for a Food Fight? Takeout Leader Meituan Faces Video Challenge
China’s food delivery business could be taking a dramatic turn as TikTok parent ByteDance pilots a food delivery service over its Douyin video appKey Takeaways:Douyin’s service allows merchants to attract…
