Li Chengdong

New Business

JD.com reportedly buys majority stake in Hong Kong’s Kai Bo grocery chain

Chinese e-commerce group JD.com reportedly bought a majority stake in Hong Kong grocery chain Kai Bo, marking the mainland company’s…

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New Business

Temu, Pinduoduo owner PDD faces profit challenge amid Trump tariffs, domestic competition

Chinese discount e-commerce giant PDD Holdings, operator of Temu and Pinduoduo, faces increased profitability challenges amid US President Donald Trump’s…

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New Business

JD.com vs Meituan: accusations of monopolistic practices arise in food delivery rivalry

Chinese e-commerce giant JD.com, which launched a food delivery service in February, has publicly accused on-demand delivery giant Meituan of…

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New Business

China’s tax agency cracks down on influencers, online merchants amid shrinking revenue

China’s tax authority on Friday published a draft regulation that would require the operators of e-commerce, short-video and social media…

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