NEWS WRAP: PDD posts triple-digit growth, mulls diversification beyond U.S.
The discount e-commerce giant attributed its strong growth to recovering consumption from increasingly cost-conscious consumers in China By Teri Yu Discount Chinese e-commerce company PDD Holdings Inc. (PDD.US) on Wednesday delivered triple-digit…
In tight times, Vipshop wows investors with dividend policy
The discount e-commerce company, which has been consistently profitable since 2013, said it will return $250 million to investors through a dividend this year Key Takeaways: Vipshop said it will…
NetEase layoff rumors: staff churn or a bigger restructuring?
Speculation is swirling that NetEase has started to cut its workforce, with headcounts reportedly slashed by up to half in some divisions, but the gaming giant has dismissed reports of sweeping…
East Buy drama offers lesson on the power of key influencers
The clash between the e-commerce company’s CEO and its top livestreaming host touched off a roller coaster ride for its shares Key Takeaways: East Buy fired its longtime chief Sun…
China has a new e-commerce top dog as global gains lift PDD past Alibaba
The company formerly known as Pinduoduo passed Alibaba in terms of market value after reporting strong third-quarter growth fueled by its international Temu platform Key Takeaways: PDD’s Temu international platform…
Meitu dolls up with spinoff for Singaporean unit
The unit being spun off, AI-powered digital design platform Pixocial, was a major contributor to Meitu’s net profit last year Key Takeaways: Meitu has completed a new funding for its…
Dingdong rings up more profits as revenue sags
The online grocer’s revenue fell in the third quarter, as it continued to report profits in China’s fiercely competitive food delivery sector Key Takeaways: Dingdong’s revenue decreased about 14% year-on-year…
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