PDD’s profit falls as it faces ‘significant challenges’ globally
E-commerce company PDD Holdings Inc. (PDD.US) on Monday reported its revenue rose in the second quarter, but its profit fell, as it described “significant challenges” created by rapid changes in…
JD.com slows its bleeding, but investors want growth
The e-commerce giant has reduced the pain from its entry to food delivery, but weak retail sales and crowded new battlefields show its next growth engine remains elusive Key Takeaways:…
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%…
Vipshop looks to outlets in bid to jumpstart growth
The discount e-commerce company has been approved to spin off two of its brick-and-mortar outlet stores into a REIT, with another 18 similar projects Key Takeaways: Vipshop reported its revenue…
ByteDance’s $600 billion question: What are investors really buying?
The company’s latest valuation suggests it is being priced like a sprawling platform built on Douyin’s domestic cash flow, TikTok’s global reach and an aggressive AI push Key Takeaways ByteDance’s…
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: PDD workers fired after brawl with government investigators
Discount e-commerce company PDD Holdings Inc. (PDD.US) has fired several people from its government relations department who became involved in a physical altercation with government investigators earlier this month, Caixin…
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