[ad_1] Updated Jan. 3, 2024 12:03 am ET SHENZHEN, China—E-commerce sellers Shein and Temu are offering a lifeline for small suppliers in China’s manufacturing hubs—but it isn’t always a straightforward…
Tag: Alibaba Group Holding
China Looks Cheap—but It Has Burned Investors Before
[ad_1] Updated Dec. 26, 2023 12:04 am ET The smartest strategy for investors in Chinese assets this year: Do something else. Sitting on cash was more profitable in 2023 than…
Once Unstoppable, Alibaba Is Now Faltering
[ad_1] Updated Dec. 7, 2023 12:03 am ET SINGAPORE—Chinese internet titan Alibaba Group Holding once seemed invincible. Now, it is stuck in a slump. The e-commerce giant was a major…
The Rise of Temu’s Chinese Parent Will Reshape E-Commerce
[ad_1] Move over, Alibaba. There’s a new online-shopping champion in China: PDD, the company behind discount-retailing app Temu, is now the country’s most valuable e-commerce company. After a 78% rise…
Richemont Could Review YNAP Deal With Farfetch Amid Delisting Reports
[ad_1] Updated Nov. 29, 2023 5:19 am ET Luxury group Richemont said it has no plans to invest further in Farfetch and could reconsider a deal with the e-commerce firm,…
Alibaba Scraps Cloud Unit Spinoff, Citing Washington’s Chip Curbs
[ad_1] Updated Nov. 16, 2023 8:41 pm ET SINGAPORE—Washington’s latest curbs on the export of high-performance chips to China are beginning to bite. Alibaba on Thursday said it had scrapped…
Walmart Earnings, Low Fuel Prices Drag on Stocks
[ad_1] Earnings selloffs in Cisco Systems and Walmart pulled down the Dow. But the broader market narrowly overcame those drags as well as tumbling energy shares to keep the November…
SoftBank Loses $6.2 Billion in Quarter as WeWork Weighs on Investments
[ad_1] TOKYO—SoftBank Group sank deeper into the red in the July-September period as it reported write-downs related to the bankruptcy of office-sharing company WeWork and technology shares stayed under pressure…