Vipshop’s revenue drops in ‘challenging consumer environment’
Discount e-commerce site operator Vipshop Holdings Ltd. (VIPS.US) reported on Tuesday its major operating metrics all fell in the second quarter, as it navigated a “challenging consumer environment.” The company’s…
PDD’s profit falls as it faces ‘significant challenges’ globally
E-commerce company PDD Holdings Inc. (PDD.US) on Monday reported its revenue rose in the second quarter, but its profit fell, as it described “significant challenges” created by rapid changes in…
Shein pushes for higher valuation ahead of Hong Kong IPO launch
The $35 billion to $40 billion the online fashion retailer is seeking is relatively modest compared with its global peers By Teri Yu Online fashion and lifestyle company Shein Global…
Be Friends profit up 65% on AI livestreaming boost
Livestreaming e-commerce and new media marketing company Be Friends Holding Ltd. (1450.HK) forecast on Wednesday it would report a net profit of 86 million yuan ($12.7 million) to 93 million…
Zibuyu’s profit grows more than 20% in first half of 2026
Cross-border e-commerce apparel seller Zibuyu Group Ltd. (2420.HK) said on Tuesday its profit rose more than 20% in the first half of 2026, fueled by strong performance for its business…
Youzan revenue rises, but AI spending weighs down profit
Merchant services provider Youzan Technology Ltd. (6051.HK) announced on Monday it expects to report revenue of 765 million yuan ($113 million) to 775 million yuan for the first half of…
Shein passes listing hearing, advancing Hong Kong IPO
The online fashion retailer could launch its listing in the weeks ahead, as it continues its aggressive overseas expansion By Teri Yu Online fashion and lifestyle retailer Shein Global Holdings…
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