TikTok, Southeast Asia boost prospects for Miduoduo IPO
China’s fifth-largest marketing services provider for cross-border e-commerce customers is shifting to social media platforms and its own direct sales for growth Key Takeaways: Miduoduo has chalked up three years…
JD.com pours $4.5 billion into Hong Kong. But when will it recoup that money?
The e-commerce giant has expanded aggressively in Hong Kong over the last year, acquiring commercial buildings, a supermarket chain and establishing an extensive logistics network Key Takeaways: JD.com has been…
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: JD.com profit tumbles on surging marketing expenses
E-commerce giant JD.com Inc. (9618.HK; JD.US) announced on Tuesday that its net profit for the first quarter fell 53.2% year-on-year to 5.1 billion yuan ($751 million), while its non-GAAP profit…
