INDUSTRY BRIEF: Temu and Shein slash U.S. ad spending, warn of price hikes
Chinese-linked e-commerce operators Shein and Temu are slashing their U.S. advertising spending and warning customers of imminent price hikes as the U.S. gets set to start collecting import tariffs on…
BRIEF: Synagistics to acquire Chinese AI firm for $30 million
Southeast Asian e-commerce company Synagistics Ltd. (2562.HK) announced on Monday it has entered into a subscription option deed to acquire Chinese AI firm Movitech Co. for $30 million. Under the…
NEWS WRAP: Lianlian DigiTech’s revenue surges on payment network expansion
The digital payment service provider’s revenue rose 28% last year as its global payment network and customer base continue to expand By Teri Yu Lianlian DigiTech Co. Ltd. (2598.HK)…
BRIEF: JD.com’s profit and revenue grow, optimistic on 2025
E-commerce platform JD.com Inc. (9618.HK, JD.US) said on Thursday that its revenue in last year’s fourth quarter rose 13.4% year-on-year to 347 billion yuan ($48 billion), while its net profit…
BRIEF: JD.com revives talks to acquire German retailer Ceconomy
E-commerce giant JD.com (JD.US; 9618.HK) is in renewed talks to acquire Ceconomy AG (CEC.DE), Bloomberg reported on Wednesday, saying that JD recently approached the German electronics retailer and discussions are…
East Buy ends superstar influencer addiction – but at a big price
The livestreaming e-commerce company’s revenue declined and it fell into the red in the first half of its fiscal year after the departure of its key online salesman Dong Yuhui…
Shein loses its shine on bumpy path to London listing
The fast fashion giant’s lack of transparency about its cotton sourcing could hurt its valuation in the long and turbulent journey to its IPO Key Takeaways: Shein’s reported plan to…
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