Pinduoduo Financial News

Subscribe to enjoy similar stories. For the past few years, social commerce has been pitched in Indian boardrooms as the next China-sized gold rush. Yet, despite the hype, India remains more a spectator than a participant, and social commerce has yet to realise its full potential in the country.

Chinese online retailer Temu has been told to suspend operations in Vietnam after it failed to meet an end-of-November deadline to register with the country's Ministry of Industry and Trade

China’s e-commerce firms reported an increase in the number of shoppers and a growth in sales for this year’s Singles’ Day shopping festival, although final figures were not publicly revealed

China has reduced the rate of iPhone 16, a new series from Apple before its official release because the consumers in the largest smartphone market of the world was eagerly waiting for the Apple's first on-device artificial intelligence software.

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Chinese e-commerce company Alibaba Group Holding on Tuesday posted a greater-than-expected decline in profit for the fourth quarter due to its equity investments, sending its stock price plunging in New York

Alibaba Group Holding on Tuesday said it had scrapped plans to list its logistics unit Cainiao in Hong Kong, as it looks to prioritize growing its e-commerce business while facing challenging IPO market conditions

Temu, the China-founded online retailer surging in popularity in the United States, is opening its platform to U.S. and European sellers

China's Alibaba Group says its CEO Eddie Wu will head its core e-commerce business, as the company seeks to drive growth and fend off fast-growing online shopping rivals like Pinduoduo

Chinese e-commerce retailer Temu is suing rival Shein again

A technology-focused China equity fund outperforming 98% of peers this year advises caution over the frenzy in artificial intelligence themes, saying it might be the biggest underpriced risk in the market.

Alibaba Group Holding is set to lose its position as China's most valuable e-commerce firm to eight-year-old upstart PDD, a watershed moment for an internet industry that Jack Ma's firm dominated for more than a decade. Alibaba slid as much as 1.4% in Hong Kong, putting its market value at about $187 billion and on track to close below US-listed PDD Holdings' $188.3 billion, according to Bloomberg calculations. PDD, the company best known for hit US shopping app Temu and domestic bargains trailblazer Pinduoduo, closed nearly 2% higher in New York on Wednesday. The once-inconceivable shift reflects the turmoil that engulfed Alibaba after Beijing in 2020 targeted the company and its once-outspoken co-founder, kicking off a sweeping crackdown on the powerful tech sector.

Investing.com — U.S. futures traded largely flat Tuesday, as investors awaited details of retail sales on Cyber Monday as well as more comments from a number of Fed officials.

Discount Chinese marketplace Temu has shot to the number three spot in the Australian e-commerce rankings, unseating better-known homegrown competition Kogan, Catch and MyDeal, just six months after making its debut in this country.

(Reuters) -China's Alibaba (NYSE:BABA) Group Holding said on Thursday it will scrap the spin off of its cloud unit in response to export curbs by the United States on chips used in artificial intelligence applications.

Apple (NASDAQ:AAPL) shares fell 1.5% in early Monday trade as investors were digesting updates from China.

Mumbai: Back in April 2022 when the funding winter for the startup ecosystem had just about set in, social commerce-focused online e-grocer DealShare started out on a path that would change the face of the startup, eventually triggering a change in its leadership and business model. The change was coming at an odd time. DealShare had set up shop in eight states, and had announced plans to aggressively expand that footprint.

Alibaba Group Holding and JD.com this year have embarked on campaigns to promote low-price goods to cater to penny-pinching shoppers through new services and incentives for merchants. In May, Alibaba’s flagship platform Taobao launched “Taobao Good Price" within the app where users can buy low-price merchandise such as butter cookies for 40 cents a box and rubber gloves for 14 cents a pair. During this year’s June 18 Shopping Festival, an annual e-commerce event, Taobao required merchants to offer at least a 10% discount for the goods they were selling and gave priority to merchandise at lower prices or with steeper discounts.

Chinese e-commerce retailer Temu has filed a lawsuit accusing its rival Shein of violating U.S. antitrust law by blocking clothing manufacturers from working with Temu

Check out the companies making headlines in midday trading.

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