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Alibaba founder Jack Ma visited the company’s Hangzhou campus on Friday. Photo: Handout
Alibaba

Jack Ma returns to Alibaba campus in sign of support

The billionaire founder’s visit was his first known trip to his hometown since March 2023.

Meituan

Meituan’s quarterly revenue soars 22% on local commerce growth

Apps

Temu, Shein branch deeper into selling toys during holiday shopping season

ByteDance

Chinese retailer Miniso slams ByteDance-owned Douyin for exorbitant fees

This marks the second high-profile bashing of Douyin over the past several days, involving some of the wealthiest individuals in China.

The social media and e-commerce operations of ByteDance-owned Douyin have been subject to strong criticism. Photo: Shutterstock
TikTok

Exclusive | TikTok Shop expands to Spain, Ireland amid global e-commerce push

The short-video app and its owner ByteDance is under pressure to search for new revenue sources amid slowing growth.

China

Most Hong Kong SMEs believe in the power of e-commerce, poll finds

The World Bank estimates that global business to consumer e-commerce sales will reach US$6 trillion by 2024.

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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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Foreign tourists shop for clothing and souvenirs at Hongqiao Market in Beijing. Photo: AP
Alibaba

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

The merger of Alibaba’s domestic and overseas e-commerce businesses is expected to improve the firm’s operational and financial performance.

Amazon

Amazon invites Chinese sellers to new bargain marketplace Haul

The US e-commerce giant is aggressively promoting its new budget-shopping platform this holiday season to take on Temu and Shein.

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.

The logo of Chinese online budget shopping app Pinduoduo, pictured next to its mobile app on July 17, 2018. Photo: Reuters
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’.

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.

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.

A Meituan drone delivers takeout food to customers in Shenzhen, China. Photo: VCG via Getty Images
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.

The net proceeds from Alibaba Group Holding’s latest bond offering will be used for general corporate purposes, including repayment of offshore debt and share buy-backs. Photo: Shutterstock
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.

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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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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People visit the booth of Alibaba.com during the China Import and Export Fair in Guangzhou on October 15, 2024. Photo: Xinhua
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.

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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After last week’s US election results, factories in China began producing and selling Trump merchandise at remarkable rates. Photo: EPA-EFE
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.

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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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.

Amid a brutal price war in China’s e-commerce industry, Alibaba took a different tack this Singles’ Day with new merchant-friendly policies. Illustration: Lau Ka-kuen
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.

Meituan co-founder Wang Huiwen. Photo: Handout
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.

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.

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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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