INDUSTRY BRIEF: Temu and Shein slash U.S. ad spending, warn of price hikes
Chinese-linked e-commerce operators Shein and Temu are slashing their U.S. advertising spending and warning customers of imminent price hikes as the U.S. gets set to start collecting import tariffs on…
Dingdong rings up strong end to 2024, but warns of turbulence ahead
The company reported a fourth consecutive profit in last year’s fourth quarter, while noting that competition in 2025 will be ‘more intense’ Key Takeaways: Dingdong’s revenue rose 18.3% in the…
Vipshop gets left behind in China tech stock rally
The ‘daily deal’ e-commerce company reported a third consecutive quarter of declining revenue, though the declines are moderating Key Takeaways: Vipshop’s revenue fell for a third consecutive quarter in the…
Weimob gets early Christmas ‘gift’ from WeChat
The provider of services to e-commerce merchants on WeChat is expected to benefit from the platform’s new ‘Send Gifts’ program Key Takeaways: Weimob’s share price doubled in four days last…
Beaten down PDD ends 2024 with Southeast Asian setbacks
The e-commerce giant’s Temu overseas arm, along with fast-fashion sensation Shein, have been ordered to suspend their operations in Vietnam Key Takeaways: After being blocked in Indonesia, PDD’s overseas Temu…
NEWS WRAP: Temu parent PDD’s shares plummet after worrisome results
By Teri Yu Shares of PDD Holdings Inc. (PDD.US) plunged nearly 30% on Monday after the parent of e-commerce sensation Temu said it may need to sacrifice near-term profits to…
Giordano exposed by China overreliance
The clothing retailer warned that its net profit fell by up to 47% in the first half of this year amid slumping sales in its key Greater China markets Key…
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