LightInTheBox outpaces e-commerce rivals on low-end product focus, geographic diversity
The operator of online sites specializing in cheap apparel posted record quarterly revenue growth in the second quarter, though it lost money due to heavy spending on marketing Key Takeaways:…
LITB.US
Questions hover over Alibaba cloud unit with chairman’s surprise resignation
The e-commerce giant said its former Chairman Daniel Zhang will leave his new role as head of its Cloud Intelligence Unit to head a tech fund with $1 billion contributed…
9988.HK
BABA.US
Hong Kong’s first SPAC pumps up with steel trader ZG Group
Aquila Acquisition said it will merge with the Chinese metal-trading platform, which is facing challenges from weakness in the local real estate market Key Takeaways: ZG Group will raise HK$605…
7836.HK
NEWS WRAP: Short seller attacks PDD’s global Temu shopping app for security risk
Grizzly Research said the popular bargain e-commerce app has hidden malicious functions, sparking a selloff in PDD’s shares By Teri Yu Short seller Grizzly Research on Thursday accused discount…
PDD.US
Qudian unveils last-mile delivery transformation plan
The former Chinese online consumer lender revealed it began trialing a new last-mile delivery service in Australia and New Zealand at the end of last year Key Takeaways: Qudian announced…
QD.US
Baozun overhauls Gap stores, goes global with new Hunter deal
The e-commerce company and Authentic Brands Group will form a joint venture to sell Hunter- branded products, best known for their Wellington boots, in Greater China and Southeast Asia Key…
BZUN.US
9991.HK
Vipshop’s strong results overshadowed by troubling outlook
The online discount retailer’s second-quarter results beat analyst expectations, but its third-quarter forecast was far gloomier as the Chinese economy sputters Key Takeaways: Vipshop’s revenue increased 13.6% in the second…
VIPS.US
