Pinduoduo transaction revenue surges 315% as Chinese consumers hunt for bargains

[ad_1] Chinese flag waving in front of Shanghai cityscape. Eternity in an Instant | Stone | Getty Images Consumers in China are hunting for bargains when they spend, the latest…

Stock futures tick higher after S&P 500 and Nasdaq post best day since April: Live updates

[ad_1] 6 Mins Ago Positive open for Europe European stocks made a positive start on Wednesday. The pan-European Stoxx 600 was up 0.4% in early trade, with basic resources adding…

Dow falls more than 250 points after Fitch downgrade dampens sentiment: Live updates

[ad_1] 10 Mins Ago Rosenblatt disagrees with market in Pinterest upgrade Investment firm Rosenblatt disagrees with investors who sold Pinterest following its earnings report. Despite what analyst Barton Crockett called…

Chinese e-commerce giant Alibaba expands number of physical grocery stores ahead of the unit’s IPO

[ad_1] Alibaba’s Freshippo, or Hema, supermarkets are known for their fresh produce like seafood. Alibaba wants to take Freshippo public. Costfoto | Future Publishing | Getty Images Alibaba’s grocery unit…

Hong Kong’s IPO market expected to rebound in 2023, but the biggest one so far flopped in its debut

[ad_1] Hong Kong’s IPO market is set for a rebound in 2023 after being among the worst-performing stock markets in 2022. However, the recent debut of a Chinese liquor company…

Alibaba’s revamp puts renewed focus on Ant Group’s suspended IPO

[ad_1] Chinese technology stocks led gains in Asia-Pacific on Wednesday’s as Hong Kong listed shares of Alibaba jumped, one day after the company announced a major revamp to split the…

Alibaba shares soar 15% in Hong Kong on news of major overhaul

[ad_1] Hong Kong-listed shares of Alibaba climbed at the open on Wednesday after the company announced a significant overhaul to split its company into six business groups. The company in…

China’s tech giants are launching ChatGPT clones — and Beijing is watching closely

[ad_1] Chinese technology giants over the past week have announced their intentions to launch ChatGPT-style products, joining the artificial intelligence arms race sparked by the popular chatbot. But announcements from…

Chinese e-commerce giant PDD splashes on Super Bowl ad for its Temu U.S. shopping site

[ad_1] An ad spot during the Super Bowl costs millions of dollars. Temu, the U.S. shopping site launched by China’s PDD Holdings Inc., ran a 30-second ad during the game…

Chinese e-commerce giant JD.com to launch ChatGPT-style product

[ad_1] JD.com has become the latest Chinese tech giant to announced plans for a ChatGPT-style product, joining the hype around the chatbot technology. Qilai Shen | Bloomberg | Getty Images…