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…
Retailing pioneer adds reinvented MDL Wholesale to IPO shopping list
The provider of wholesaling services for retailers has filed to list in Hong Kong, but its heavy reliance on parent company Wumart Group has left it with low gross margins…
JD rights its shopping cart with first-quarter turnaround
The e-commerce giant’s latest results beat market expectations, earning new confidence as it seeks to regain its lost momentum Key Takeaways: JD.com reported a profit of 7.1 billion yuan for…
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…