China’s changing tastes buffet western brands as Ant Group faces old headwinds
Burger King withdraws from Hong Kong and Ant Group's purchase of a Hong Kong brokerage is getting extra scrutiny.
Qidian Guofeng tries on ‘AI halo’ in move to boost business
The company, which is developing an online-merge-offline (OMO) new consumption platform, swung to a 2.23 billion yuan loss last year on asset impairments Key Takeaways: Qidian Guofeng has signed a…
Zhipu shifts IPO strategy amid management turmoil, stiff competition
The AI firm, which has begun the process for listing on one of China’s A-share markets in Shanghai and Shenzhen, is reportedly also considering Hong Kong Key Takeaways: Zhipu may…
Yangtuo bets on small-town moms despite declining birth rates
The infant products e-commerce platform has filed for a Hong Kong IPO, hoping investors will buy into its transformation story after its revenue flatlined last year Key Takeaways: Yangtuo’s infant…
BRIEF: Taobao launches $7 billion subsidy in instant retail wars
E-commerce giant Alibaba (BABA.US; 9988.HK) announced on Wednesday that its Taobao Flash Sale instant retail platform has launched a 50 billion yuan ($6.97 billion) subsidy program that will run for…
Alibaba turns up its ‘instant retail’ game
The merger of its Ele.me service with its core e-commerce business marks a new stage in the e-commerce giant’s three-way “on-demand retail wars” with Meituan and JD.com Key Takeaways: Alibaba…
How e-commerce short dramas get you to spend – without realizing it
The storytelling revolution of short, three-minute dramas on e-commerce platforms has seamlessly merged ‘watching’ and ‘shopping’ By Lee Shih Ta “She wore shabby clothes and was dumped by her…
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