Temu

New Business

Amazon asks Chinese sellers not to offer cheaper prices on Temu

Amazon.com has asked some Chinese cross-border merchants to stop offering goods at a cheaper price on rival platform Temu, according…

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New Business

No Black Friday windfall for Chinese sellers on Temu and Amazon as competition rises

Chinese sellers on overseas shopping sites, from Temu to Amazon.com, are struggling to turn a profit during this year’s Black…

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New Business

Temu, Shein halt Vietnam operations pending business registration

Popular budget-shopping platforms Temu and Shein have suspended operations in Vietnam, as they await approval from authorities to restart their…

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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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