Quantgroup to raise $20.7 million in share placement at 15% discount
E-commerce platform operator Quantgroup Holding Ltd. (2685.HK) said on Wednesday it plans to place up to 48.53 million new shares at HK$3.40 each, representing a 15.32% discount to the previous…
Baozun raises profit target as e-commerce earnings improve, Gap sales accelerate
The company’s core e-commerce profits grew faster than its revenue, while its Gap China unit showed sales momentum and value as a strategic testing ground By Da Cheung Baozun Inc. (BZUN.US;…
Shein shares slump in highly anticipated Hong Kong trading debut
Shares of online fashion retailer Shein Global Holdings Ltd. (0625.HK) opened flat in their highly anticipated Hong Kong trading debut on Tuesday, then traded down during the morning to close…
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…
