e-commerce

Tech

Alibaba’s antitrust review comes to a close after 3 years of government scrutiny

“From the inspection and evaluation, Alibaba Group has completely stopped the monopoly behaviour of ‘picking one from two’,” the regulator…

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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

Alibaba logistics firm Cainiao launches next-day cross-border deliveries by way of Hong Kong

Cainiao Smart Logistics Network, the shipments subsidiary of Chinese e-commerce giant Alibaba Group Holding, has launched an express cross-border courier…

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Hong Kong’s status as fundraising hub undeniable despite slump: LianLian DigiTech CEO

LianLian DigiTech, a Chinese digital payment services provider, is open to fundraising and merger and acquisition opportunities via Hong Kong,…

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Tech

Walmart said to raise US$3.6 billion from sale of JD.com stake, ending 8-year partnership

JD.com’s Hong Kong-listed shares fell 10 per cent to HK$101.10 at 2.23pm local time on Wednesday, leading a broader sell-off…

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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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New Business Jobs

China’s selective shoppers embrace members-only retailers like Walmart’s Sam’s Club

While traditional brick-and-mortar supermarkets struggle amid the rise of e-commerce, Linda Wang from Shanghai still visits Sam’s Club, a membership-only…

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Tech

AI demand returns Alibaba Cloud to company growth engine as e-commerce slows

AI investment has boosted the company’s revenue in search and recommendation scenarios, Chen said, and helped increase the frequency with…

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China’s Li Ning feels the pain from consumption slowdown as first-half profit slips 8%

Chinese sportswear giant Li Ning hopes to “ride the wave” of the Paris Olympics in an effort to attract more…

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Tech

JD.com profit surges in second quarter after slashing prices, installing trade-in programme

Chinese online shopping giant JD.com reported a 92 per cent year-on-year jump in quarterly net income to 12.6 billion yuan…

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