Profits Soar at Pinduoduo as Shoppers Chase Online Bargains
The e-commerce platform that specializes in farm produce and low-cost consumer goods reported bumper profits in the third quarter and achieved a bigger revenue jump than its rivalsKey Takeaways:Pinduoduo beat…
Vipshop Cultivates Its VIPs at Expense of Broader Growth
The discount e-commerce company’s profit grew strongly in the third quarter, but that came on cost controls, as its revenue fell 13%Key Takeaways:Vipshop’s non-GAAP profit rose more than 50% in…
Vipshop Takes Defensive Posture as Headwinds Mount
Discount e-commerce veteran has launched a $1 billion share buyback and slashed its marketing spending as it forecast its revenue would decline up to 25% in the second quarter Key…
Vipshop Sputters, But Stays Focused on Brand-Name Discounts
E-commerce stalwart’s profit dived 42% in last year’s fourth quarter and revenue fell 5%, as it blamed Covid-19 and warm weather than dampened demand for winter wear Key takeaways: After…
