BRIEF: HC Group to delist Beijing Panpass unit from NEEQ
B2B e-commerce platform operator HC Group Inc. (2280.HK) said last Friday that its Beijing Panpass subsidiary will apply to delist from the thinly traded NEEQ exchange in Beijing and will…
BRIEF: PDD revenue rises 11% as transaction services overtakes online marketing
E-commerce company PDD Holdings Inc. (PDD.US) on Wednesday reported its revenue rose 11% year-on-year in the first quarter to 106.2 billion yuan ($15.7 billion). But its quarterly profit fell 15%…
BRIEF: JD.com explores bid for Britain’s The Very Group
E-commerce giant JD.com Inc. (JD.US; 9618.HK) is exploring a bid to acquire British peer The Very Group for about 2 billion pounds ($2.7 billion) from private equity giant Carlyle, its…
BRIEF: Baozun loss narrows as Gap China growth lifts revenue
Brand manager and e-commerce services provider Baozun Inc. (BZUN.US; 9991.HK) announced on Wednesday that its revenue rose 15.3% year-on-year to 2.38 billion yuan ($350 million) in the first quarter, as…
BRIEF: Kanzhun revenue, profit rise in first quarter on growing penetration
Kanzhun Ltd. (2076.HK,BZ.US), operator of the Boss Zhipin online recruitment platform, on Wednesday reported its revenue rose 7.6% year-on-year to 2.07 billion yuan ($304 million) in the first quarter, while…
BRIEF: ZTO’s first-quarter profit rises 6.3% on higher pricing and volume
Logistics company ZTO Express (Cayman) Inc. (2057.HK; ZTO.US) announced on Monday that its first-quarter net profit rose 6.28% year-on-year to 2.12 billion yuan ($311 million), supported by continued parcel volume…
BRIEF: Shein to acquire U.S. peer Everlane for $100 million
Online fast fashion retailer Shein has agreed to buy U.S. peer Everlane from private equity firm L Catterton in a deal worth about $100 million, according to a report in…
