Alibaba’s Value Dips Below Upstart PDD’s in Landmark for China
Alibaba Group Holding Ltd. is set to lose its position as China’s most valuable e-commerce firm to eight-year-old
2023-11-30 10:53
Prosus Sees E-Commerce Business Profit Sooner-Than-Expected
Prosus NV and majority owner Naspers Ltd. expect its e-commerce business to become profitable sooner-than-expected. The business, comprising
2023-11-29 16:18
Jack Ma Urges Alibaba to ‘Correct Course’ in Rare Internal Memo
Jack Ma urged Alibaba Group Holding Ltd. to correct course in a surprise internal memo, in which the
2023-11-29 13:54
PDD Surges 18% After Hit App Temu Wrests Shoppers From Shein
PDD Holdings Inc. surged 18% after reporting a stronger-than-anticipated doubling in revenue, as hit shopping app Temu ramped
2023-11-29 08:24
Meituan Posts Third Straight Profit After Chinese Travel Grew
Meituan recorded a third straight quarter of profit, after strong travel demand helped the food delivery giant defy
2023-11-28 17:50
Jack Ma Gets Back Into Business With ‘Ma’s Kitchen Food’
Jack Ma sparked speculation about his next endeavors after the billionaire seeded a small company to process and
2023-11-27 12:45
ByteDance Is Said to Shut Main Gaming Arm in Business Retreat
ByteDance Ltd. plans to wind down its main gaming brand Nuverse in a major withdrawal from the sector,
2023-11-27 10:20
Regulators Are Coming for Rule-Breaking Crypto Founders Like Binance’s CZ
Changpeng “CZ” Zhao has become the latest in a long line of crypto founders facing potentially significant legal
2023-11-22 18:23
Chinese Game-Streaming Mogul Arrested in Latest CEO Probe
Chinese police have arrested DouYu International Holdings Ltd.’s founder Chen Shaojie, the latest in a series of executive
2023-11-22 16:19
Baidu’s ChatGPT-Style AI Begins to Earn as Sales Beat Estimates
Baidu Inc.’s ChatGPT-style Ernie bots are beginning to add to the company’s top line, potentially shoring up advertising
2023-11-21 21:51
Epic Games’ Sweeney Takes Aim at Android’s ‘Fake Open Platform’
Epic Games Inc. Chief Executive Officer Tim Sweeney testified that Google’s Android operating system is a “fake open
2023-11-21 07:52
Alibaba Shock Move Casts Fresh Pall Over China Tech
The shocking decision by Alibaba Group Holding Ltd. to cancel the spinoff of its cloud division is offering
2023-11-20 10:17