Polibeli targets SPAC listing using Chenghe Acquisition II Co., with Asia in its sights
Chenghe Acquisition II Co. shareholders will vote later this month on a merger with the Asia-focused B2B e-commerce company Polibeli Key Takeaways: Chenghe Acquisition II Co. hopes to soon complete…
Growing profits, shrinking market share test ZTO’s strategy
The logistics provider’s market share fell as its parcel volume growth trailed the industry last year, signaling its profit-oriented development strategy was facing headwinds Key Takeaways: ZTO’s parcel volume increased…
Baozun returns to the black as Gap expansion accelerates
The e-commerce services and brand management company’s revenue rose 7.7% in the fourth quarter, as it announced plans to open a net 40 new Gap clothing stores in China this…
Can Kanzhun keep up its game in critical year for employment in China?
The employment app faces big opportunities, but also challenges, as more people enter the workforce and signs emerge that companies may be ramping up recruitment Key Takeaways: Kanzhun’s net profit…
After profit plunge in 2024, Maoyan spotlights strong start to 2025
The movie ticketing platform was dragged down by a 23% decline in China's box office last year, but held out hope for a stronger 2025 Key Takeaways: Maoyan said its…
Dingdong rings up strong end to 2024, but warns of turbulence ahead
The company reported a fourth consecutive profit in last year’s fourth quarter, while noting that competition in 2025 will be ‘more intense’ Key Takeaways: Dingdong’s revenue rose 18.3% in the…
China’s Takeout Delivery Market Gets a Shakeup
China's takeout dining duopoly of Ele.me and Meituan will start offering social benefits for their more than one million of riders. What's driving this change of heart and what will it mean for the market? And JD.com has announced its entering the fray, aiming to take on this established duopoly. What are its chances of success, and what does this mean for the industry?
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