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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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New Business

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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Tech

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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Tech

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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