Sea Plunges 22% After Unexpected Loss From Rising Competition
Sea Ltd. plummeted after reporting a surprise loss in the third quarter, hit by intensifying competition from Alibaba
1970-01-01 08:00
Alibaba, JD Fail to Inspire in Discount-Led China Shopping Gala
Alibaba Group Holding Ltd. and JD.com Inc. reported sales increases during China’s most important shopping festival, yet likely
1970-01-01 08:00
China's Biggest Winner in Singles Day Bonanza May Be PDD, Say Market Experts
As China’s e-commerce giants hunker down for battle this month in the world’s biggest shopping event, market pros
1970-01-01 08:00
Hong Kong’s Second Biggest IPO of Year Seals Founder’s Fortune
Another billionaire has been minted thanks to the online shopping boom that’s expanding from China to Southeast Asia.
1970-01-01 08:00
Tech, Consumer Stand Out as China Earnings Revival Hopes Grow
China’s tech and consumer earnings stood out in an otherwise disappointing results season, emerging as pockets of resilience
1970-01-01 08:00
PDD Co-Founder Colin Huang Adds $4.5 Billion in Wealth
Colin Huang’s wealth surged $4.3 billion Tuesday as shares of PDD Holdings Inc., the Chinese e-commerce company he
1970-01-01 08:00
Pinduoduo-owner PDD beats revenue expectations as promotions lure consumers
By Chavi Mehta and Casey Hall PDD Holdings beat second-quarter revenue estimates on Tuesday, as its discount e-commerce
1970-01-01 08:00
Temu-Owner PDD Soars 12% After Sales Defy Chinese Gloom
PDD Holdings Inc. revenue rose a stronger-than-expected 66% after the company behind hit shopping app Temu spent to
1970-01-01 08:00
Meituan Outperformance May Gather Pace as Sales Bump Expected
A surge in sales expected for Meituan may be a catalyst to its shares, which have outperformed peers
1970-01-01 08:00
JD.com’s Sales Beat Estimates Despite Chinese Economy Weakness
JD.com Inc.’s revenue accelerated in the second quarter after its signature 6.18 festival scored with shoppers, helping the
1970-01-01 08:00
Tencent Revenue Disappoints in Warning for China Tech Sector
Tencent Holdings Ltd.’s revenue missed estimates, signaling an uneven recovery for the world’s biggest internet arena as it
1970-01-01 08:00
Alibaba, Tencent’s $66 Billion Party Starts to Fade
China’s largest tech companies Alibaba Group Holding Ltd. and Tencent Holdings Ltd. have gained $66 billion in market
1970-01-01 08:00