Douyin in, WeChat out of latest U.S. ‘Notorious Markets’ piracy list
Chinese companies continued to dominate the annual U.S. list of online and offline marketplaces with high trading in counterfeit goods By Teri Yu Douyin Mall, the e-commerce arm of Chinese…
BRIEF: Alibaba-backed Qiniu to raise $60 million in Hong Kong IPO
Audiovisual cloud services provider Qiniu Ltd. (2567.HK) will sell nearly 160 million shares in its Hong Kong IPO, with about 16 million available to local Hong Kong-based investors, the company…
NEWS WRAP: Alibaba marketplaces start accepting WeChat pay
China’s leading e-commerce marketplaces had resisted using the Tencent-backed payment service for years in favor of services from its affiliate Alipay By Teri Yu E-commerce giant Alibaba Group Holding Ltd.…
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…
FAST NEWS: East Buy’s profit tumbles on higher expenses
The latest: Livestreaming e-commerce platform East Buy Holding Ltd. (1797.HK) on Wednesday reported its net profit for the six months through last November fell by 57.4% year-on-year to 249 million yuan…
Not quite closure: Alibaba exit leaves questions for SenseTime
Investors have been cashing out of the Chinese AI specialist while other AI stocks around the world are surging Key Takeaways: SenseTime’s battered share price enjoyed a brief bounce after…
Cross-Border E-commerce Trader Zibuyu Files for IPO Despite Sinking Profits
The company is making a third attempt at a Hong Kong listing, but its heavy reliance on the U.S. and Amazon led to a 46% profit plunge in the first…
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