Temu

Tech

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

PDD’s stock sinks 25% after profit warning despite record revenue in June quarter

PDD Holdings’ stock plunged 25 per cent on Monday after it warned of uncertainty ahead and downward pressure on profits…

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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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Tech

TikTok, Amazon collaborate on online shopping, heating up competition with Shein, Temu

“We’re excited to collaborate with Amazon to offer a seamless and fun shopping experience,” TikTok wrote in a post on…

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Tech

E-commerce tycoon Colin Huang tops China’s rich list

E-commerce tycoon Colin Huang has become China’s richest man, an index showed Friday, capping an ascent for the former Google…

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Tech

Thailand to tighten scrutiny of PDD-backed shopping app Temu to protect local merchants, report says

Thailand to tighten scrutiny of PDD-backed shopping app Temu to protect local merchants, report says Thailand authorities are tightening regulations…

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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

Alibaba to deploy AI-powered sourcing engine to boost online trade for global merchants

The international arm of Alibaba Group Holding is ramping up the use of generative artificial intelligence (AI) by deploying an…

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