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Ant International’s Alipay+ lets small merchants accept payments directly from foreign digital wallets. Photo: Xinmei Shen
Alibaba

Ant International reports growth after March spin-off on Alipay+ strength

Four pillars comprising Alipay+, Antom, WorldFirst and Embedded Finance have delivered strong performance: company statement.

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Ant Group

Ant Group promotes CFO Han to top post as Alipay owner marks 20-year milestone

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Pinduoduo

No Black Friday windfall for Chinese online shops selling overseas

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Malaysia

‘I trust it more’: Chinese app Xiaohongshu offers unexpected window on Malaysia

With over 2.5 million users in Malaysia, Xiaohongshu not only attracts tourists but helps Malaysian Chinese connect with their heritage.

Tourists walk past a mural featuring the Malaysian national flag in Kuala Lumpur. Photo: EPA-EFE
Christmas

Can AI chatbots really make your Christmas shopping easier?

Generative AI technologies that can give people assistance and advice when shopping online are fast becoming a feature of the e-commerce experience.

China trade

China cutting e-commerce red tape to ease export of small packages, support jobs

New policies aim to shore up China’s competitiveness in global manufacturing and e-commerce while alleviating worrisome youth-unemployment pressure.

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Pinduoduo

Temu, Shein halt Vietnam operations pending business registration

Two of the world’s most popular budget-shopping platforms have suspended business in the Southeast Asian nation.

Temu and Shein have been forced to suspend their services in Vietnam after they failed to register with authorities. Photo: Shutterstock
Malaysia

Malaysian celebrity couple deny embezzlement over failed e-commerce venture

The case involving Vivy Yusof and Fadzarudin has stirred outrage over beneficiaries of state funding in a country still reeling from the 1MDB scandal.

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TikTok

TikTok triples US sales on Black Friday despite looming ban

E-commerce sales on the app surged above US$100 million during the post-Thanksgiving shopping extravaganza.

Alibaba

Alibaba to sponsor China’s Lunar New Year gala to reach thrifty consumers

The e-commerce giant is sponsoring the most-watched broadcast in the world, as it seeks to revive growth amid tough competition and a slowing economy.

The Spring Festival Gala is considered the most-watched broadcast in the world, pulling in hundreds of millions of viewers each Lunar New Year’s Eve. Photo: Weibo
Meituan

Exclusive | China’s Meituan to expand Keeta food delivery service to more Middle East cities

Wang Xing, founder and CEO of Meituan, said last week that the company has seen some ‘encouraging results’ in Saudi Arabia.

Keeta employees promote the food delivery service to customers in Hong Kong. Photo: Jelly Tse
China-Russia relations

As rouble plummets, how will Chinese merchants get money out of Russia?

About 150,000 Chinese merchants are active on major Russian e-commerce platforms.

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Alibaba

Jack Ma returns to Alibaba campus in sign of support

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

Meituan

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

The Chinese food delivery giant’s revenue for the September quarter reached 93.6 billion yuan.

Meituan’s signature yellow delivery bikes. Photo: Shutterstock
Apps

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

The two popular budget-shopping platforms are looking to win a bigger slice of the global market for toys.

Both Temu and Shein are seeing increased international demand for toys. Photo: Shutterstock
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.

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.

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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.

A woman using a smartphone and a credit card for shopping online. Photo: Shutterstock
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

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.

Amazon is inviting Chinese merchants onto its new budget-shopping platform. Photo: AFP
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’.

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.

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.

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.

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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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