China has a new e-commerce top dog as global gains lift PDD past Alibaba
The company formerly known as Pinduoduo passed Alibaba in terms of market value after reporting strong third-quarter growth fueled by its international Temu platform Key Takeaways: PDD’s Temu international platform…
PDD.US
Xiaomi’s strong results overshadowed by falling prices
The smartphone maker’s third-quarter profit beat expectations, but its average smartphone price fell below 1,000 yuan for the first time in nearly four years Key Takeaways: Xiaomi’s smartphone shipments rose…
1810.HK
Strong quarterly results belie pressure on JD’s big-ticket sales
The e-commerce giant’s results beat expectations, but its home appliance and consumer electronics sales are under pressure due to lower durable goods demand Analyst team at Futu E-commerce giant…
JD.US
9618.HK
Vipshop’s strong results overshadowed by troubling outlook
The online discount retailer’s second-quarter results beat analyst expectations, but its third-quarter forecast was far gloomier as the Chinese economy sputters Key Takeaways: Vipshop’s revenue increased 13.6% in the second…
VIPS.US
Dada Nexus rides to profits, but tamps down high expectations
The provider of intracity delivery services recorded its first-ever profit on a non-GAAP basis in the second quarter, as its revenue grew 23% Key Takeaways: Dada Nexus recorded its first…
DADA.US
Miniso rings up dividend policy to lure investors
The Chinese budget lifestyle retailer will pay out 50% or more of its profits as a regular dividend, though the company has lost money in three of the last four…
MNSO.US
9896.HK
With strong results, who needs splashy chatbots? Not Tencent
The leading game operator’s latest quarterly results showed it has emerged from a two-year cloud of harsh regulation and Covid restrictions Key Takeaways: Tencent’s first-quarter revenue and adjusted net profit…
0700.HK
