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Foreign tourists shop for clothing and souvenirs at Hongqiao Market in Beijing. Photo: AP
China's economic recovery

Pearl in Beijing’s retail crown struggles to regain shine against economic tide

Hongqiao Market has long been the go-to place for foreign tourists, but it old clients have yet to come back.

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Alibaba

Alibaba bets on retailing chief Jiang Fan to bolster e-commerce momentum

Amazon

Amazon invites Chinese sellers to new bargain marketplace Haul

SCMP Highlights

Recap | China’s tech giants defy economic woes: 6 latest earnings reports

How have some of China’s biggest tech companies fared in their third-quarter earnings revelations? Find out in some of our latest stories.

Xiaomi’s revenue was driven by a burgeoning electric vehicle business and global smartphone rebound. Photo: Reuters
Pinduoduo

Temu owner PDD sees 10% plunge in pre-market trading despite 44% revenue growth

PDD’s results, including a 66 per cent jump in net revenue, outperformed rivals, but it did not allay investor concerns amid e-commerce competition.

China technology

China’s second-richest man blasts Pinduoduo for hurting domestic brands

The founder of bottled water company Nongfu Spring called Pinduoduo a main contributor to aggressive pricing causing ‘huge harm for Chinese brands’.

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Alibaba

Alibaba merges domestic, global e-commerce units amid intensifying competition

The new group brings together Taobao and Tmall Group, Alibaba International and a slew of other e-commerce operations.

In another major corporate shake-up, Alibaba is putting both its domestic and international e-commerce operations under the leadership of Jiang Fan, who has delivered strong results for the company. Photo: Reuters
Hong Kong

Meituan aims to launch meal deliveries by drones in Hong Kong

The meal delivery giant joins a slew of Chinese tech giants vying for new growth in Hong Kong.

Alibaba

Alibaba pulls in US$5 billion from dual-currency bond offering

The deal marks the biggest corporate bond issue of its kind in the Asia-Pacific region this year.

Retailing

Southeast Asia is the new Singles’ Day battleground as lustre fades in China

Promotions from Chinese e-commerce platforms are infiltrating people’s lives across the region, where e-commerce is seeing explosive growth.

A TikTok Shop Singles’ Day ad flashes across a large LED screen in on the streets of Bangkok. Photo: Wency Chen
China’s crackdowns

China’s tax man is coming for live-streamers who evade taxes

Huge fines are being imposed on high-profile internet celebrities and streaming hosts, as state authority says they must set a positive example for fans.

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China’s highest tax authority is on a mission to ensure that internet streamers pay their fair share of taxes. Photo: Getty Images
Alibaba

Alibaba’s quarterly profit surges 58% on strong cloud, e-commerce growth

Net income surged 58 per cent to US$6 billion in the three months that ended in September, beating analysts’ estimates.

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Tencent

Tencent beats estimates with 47% profit jump, driven by video gaming

Video gaming sales, traditionally Tencent’s strongest revenue driver, grew 14% in the domestic market.

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Singles' Day (11.11)

Alibaba, JD.com claim big win in Singles’ Day sales as consumption picks up pace

The two e-commerce giants reported a large number of active buyers in this year’s edition of the world’s largest annual shopping festival.

Women walk inside a fashion accessories store displaying Singles’ Day discounts at a Beijing shopping centre on November 11, 2024. Photo: AP
Alibaba

Alibaba arms merchants with AI assistant to streamline cross-border sourcing

The Accio AI assistant is based on decades of accumulated knowledge in B2B fulfilment, logistics, after-sales support and product listings.

The Alibaba.com booth at the 136th China Import and Export Fair in Guangzhou, Oct. 15, 2024. Photo: Xinhua
China manufacturing

Chinese firms get unlikely boost from Trump election as merchandise orders soar

Donald Trump’s election has, contrary to expectation, stimulated one area of the Chinese economy – firms sending Trump merchandise abroad.

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Singles' Day (11.11)

Alibaba sees Singles’ Day campaign pay off with strong sales in major categories

The top-performing product categories for Alibaba’s Singles’ Day campaign were home appliances, consumer electronics, beauty and apparel.

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Vietnam

Vietnam threatens to block Chinese retailers Shein and Temu over licences

Fast-fashion retailer Shein has been selling to Vietnam for at least two years. Temu began allowing users in the country to shop last month.

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The logos of Shein and Temu. Photo: Reuters
Alibaba

Alibaba gives sellers a sweeter deal as Singles’ Day switch-up bears fruit

China’s largest e-commerce firm was slipping in the war for consumers’ wallets. Then it reshaped its relationship with merchants.

Artificial intelligence

Urgency of AI development at Meituan underscored as co-founder returns

After selling his AI start-up Light Year to Meituan last year, Wang has reportedly returned to lead the company’s AI efforts.

Indonesia

Southeast Asia’s e-commerce gold rush draws Chinese giants

The region’s e-commerce market is set to double by 2030, a new report finds.

Sellers in Jakarta, Indonesia, conduct a live-streamed sales session on TikTok. Photo: AFP
Shein

UK lawmakers could question Shein over workers’ rights early next year

Ahead of a possible London listing, UK trade committee will also look at how to ensure protection against poor labour standards overseas.

People walk past an ad for online retailer Shein in London, UK. Photo: Reuters
Alibaba

Alibaba’s Black Friday alternative hits US with AliExpress Singles’ Day sales

Alibaba’s international e-commerce platform is kicking off Singles’ Day sales in the US on Friday and runs through November 18.

Shein

Shein touted as model unicorn in China’s ‘new quality productive force’ push

Shein, which sells budget clothing to a global customer base, was praised by state media for its contribution to industry upgrading.

China technology

China’s Zhejiang province rolls out platform to grow cross-border e-commerce

Zhejiang’s new e-commerce service platform expects to serve 15,000 enterprises within the next three years.

The Zhejiang provincial government’s latest initiative reflects the increased importance of overseas markets for China’s e-commerce sector. Photo: Shutterstock
China-EU relations

EU to investigate China’s Temu over suspected illegal products and ‘addictive’ platform

If found guilty, the Chinese online marketplace could face fines amounting to 6 per cent of annual global revenue.

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The European Commission is assessing the addictiveness of Temu’s platform, including its “game-like reward programmes”. Photo: Shutterstock
Vietnam

Temu’s debut in Vietnam faces scrutiny after Indonesian ban

The Chinese bargain shopping site is accused of operating in Vietnam without government approval, according to local reports.

Alibaba

Chinese e-commerce platform JD.com to accept Alipay as ‘walled gardens’ fall

The Alipay move comes on the heels of Alibaba’s logistics arm Cainiao announcing it would provide services on JD.com.

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E-commerce
Latest news, analysis and opinion on ecommerce, covering new technology, consumer habits and the growth of digital payment options.
last updated:
9 September, 2024
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