Who needs Dingdong? Alibaba answers Meituan with super-sized Pupu bid
Alibaba is reportedly offering $1.5 billion for regional online grocer Pupu, more than double the $600 million offered by a previous bidder Key Takeaways: Alibaba is reportedly bidding $1.5 billion…
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: 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: 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…
Luxury e-commerce ‘gondolier’ BMax paddles towards Hong Kong IPO
Backed by HSG, formerly Sequoia China, China’s second largest provider of e-commerce services is raising cash for its fast-growing livestreaming business Key Takeaways: BMax has filed to list in Hong…
PDD trades rock-bottom prices for sustainability as old growth engine stalls
The low-cost e-commerce company is sacrificing some profit to repair its seller economics, deepen its supply chain and prepare its global Temu arm for a more compliance-heavy phase Key Takeaways:…
BRIEF: JD.com takes 15% of China’s takeout dining market a year after entering
JD.com Inc. (JD.US; 9618.HK) received over 240 million orders in the first year after launching its takeout dining service, giving it more than 15% of the market, Caijing Tuya reported…
