After years of shopping around, Dingdong bags formula for profits
The online grocer reported its third consecutive quarterly profit in the three months to September, and now boasts profit margins similar to Walmart and Kroger Key Takeaways: Dingdong’s revenue rose…
PODCAST: Tax on Temu, and EVs Outpower Gas Cars
The US closes a loophole that allowed Temu and Shein to import goods duty-free. How will this impact their sales? And sales of Chinese EVs passed gas-powered cars for a second straight month in August. Has the EV era finally arrived?
Resurging Walmart, shaky JD.com go their separate ways in China
The U.S. retailing giant sold its stake in the Chinese e-commerce major to focus on its own China operations, ending an eight-year marriage Key Takeaways: Walmart has sold its stake…
PDD expands to South America as regulatory headwinds grow
The company’s Temu low-cost shopping app has launched in Brazil, aiming to extend its overseas drive By UOB-Kay Hian PDD Holdings Inc. (PDD.US) has made significant strides expanding overseas…
Dingdong rings back to revenue growth, posts quarterly net profit
China’s leading online grocer’s return to growth in the first quarter follows an overhaul that saw it withdraw from smaller markets to focus on larger cities Key Takeaways: Dingdong’s revenue…
NEWS WRAP: PDD posts triple-digit growth, mulls diversification beyond U.S.
The discount e-commerce giant attributed its strong growth to recovering consumption from increasingly cost-conscious consumers in China By Teri Yu Discount Chinese e-commerce company PDD Holdings Inc. (PDD.US) on Wednesday delivered triple-digit…
Reversing the Slide – Bamboo Works 2023 Year in Review Special Report
By Brent Li To understand how offshore-listed Chinese stocks did in 2023, we need to look back a year earlier to when the Chinese landscape was pocked with widespread pandemic…