Shein

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Shein to open pop-up store in South Africa to woo more shoppers

Fast-fashion giant Shein, known for its US$5 tops and US$10 dresses, will open a pop-up store in Johannesburg, South Africa…

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Alibaba bets on generative AI tools to help cross-border merchants, executive says

Speaking on stage at the Reuters Next Conference in Singapore, Zhang – head of Alibaba International Digital Commerce’s AI initiative…

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Alibaba bets on Taobao, Tmall clothing merchants to compete overseas against Shein, Temu

Eligible merchants on Taobao and Tmall can enroll in Alibaba’s new pan-clothing global free shipping plan, so they can sell…

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Tech

PDD-owned Temu’s first-half sales surge to US$20 billion, exceeding 2023 total: report

International online budget-shopping platform Temu, owned by Chinese e-commerce giant PDD Holdings, saw its gross merchandise value (GMV) surge to…

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Shein, Temu face uncertain times in South Africa, EU, other markets amid high-tariff push

Some consumers in South Africa are looking to abandon popular low-cost online retailers Shein and Temu, according to recent social…

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Tech

US dollars exit China’s VC market, ending 2-decade marriage that enabled rise of start-ups

A sea change is taking place in China’s venture capital (VC) industry as the two-decade marriage between US investors and…

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