Online seller Augroup looks to wean itself off big platforms
The cross-border e-commerce company has applied to list its shares in Hong Kong after unsuccessfully shopping around mainland exchanges Key Takeaways: Augroup Technology’s profits more than doubled last year…
NEWS WRAP: Dada’s loss narrows as it cleans house
The intra-city delivery arm of JD.com said its revenue rose slightly in last year’s fourth quarter, as it seeks to get back on track after a recent accounting scandal …
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…
Tuya’s losses narrow, but stock still looks pricey
The internet of things services provider’s gross margin hit a record high last quarter and its loss narrowed on strong performance for its platform as a service business Key Takeaways:…
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…
CHINA BULLETIN: Foreign Investor Flight
In this week’s issue foreign investor flight, a major mortgage rate cut and a former drug highflyer disbands. On a scale of 1 to 100, we give the week a…
FAST NEWS: Dada Nexus plummets after company uncovers suspect finances
The latest: Local on-demand delivery platform Dada Nexus Ltd. (DADA.US) announced Monday that a routine internal audit uncovered “suspicious practices … that may cast doubt on certain revenues from the company’s online…
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