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Pinduoduo returns some service fees to sellers after parent PDD pledges US$1.4 bln waiver

Chinese budget e-commerce platform Pinduoduo, run by Temu owner PDD Holdings, is offering partial refunds of service fees to merchants,…

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JD.com lures overseas Chinese shoppers with faster shipping in rivalry with Alibaba

JD.com is launching five-day international shipments for customers in the US, Japan and Singapore, as the Chinese e-commerce giant fights…

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Tech

Warren Buffett’s Berkshire Hathaway tops US$1 trillion, joining tech firms, Apple, Nvidia

The market value of Berkshire Hathaway surpassed US$1 trillion on Wednesday, reflecting investor confidence in the conglomerate that Warren Buffett…

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Tech

Shein gets go-ahead to build US$514-million first phase of new Guangzhou supply chain hub

Chinese-founded fast-fashion online retailer Shein has received the go-ahead from local authorities in Guangzhou, capital of southern Guangdong province, to…

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Tech

US telecoms firm Lumen sees shares nearly double on AI hype

Lumen Technologies shares surged as much as 93 per cent in post-market trading Tuesday, extending gains after notching a record…

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Temu sellers struggle with disputes amid complex company structure outside China

“Given the cross-border nature of these transactions, it’s logical for both parties to agree on a dispute resolution method and…

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Apple says it uses no Nvidia GPUs to train its AI models

Apple relied on chips designed by Alphabet’s Google rather than industry leader Nvidia to build its new artificial-intelligence software infrastructure…

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