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…
Instant commerce war delivers massive loss to Meituan
China’s leading online-to-offline services company said it expects to report a loss of up to 24.3 billion yuan for 2025, translating to a fourth-quarter loss of about 15.7 billion yuan…
Dingdong checks out of China instant commerce wars with sale to Meituan
One of the country’s oldest online grocers will sell itself to its larger rival for $717 million, in one of the largest such sales to date in a fast-evolving Chinese…
