PDD Co-Founder Colin Huang Adds $4.5 Billion in Wealth
Colin Huang’s wealth surged $4.3 billion Tuesday as shares of PDD Holdings Inc., the Chinese e-commerce company he
2023-08-30 05:29
Temu-Owner PDD Soars 12% After Sales Defy Chinese Gloom
PDD Holdings Inc. revenue rose a stronger-than-expected 66% after the company behind hit shopping app Temu spent to
2023-08-29 21:50
Meituan Outperformance May Gather Pace as Sales Bump Expected
A surge in sales expected for Meituan may be a catalyst to its shares, which have outperformed peers
2023-08-24 08:52
JD.com’s Sales Beat Estimates Despite Chinese Economy Weakness
JD.com Inc.’s revenue accelerated in the second quarter after its signature 6.18 festival scored with shoppers, helping the
2023-08-16 18:46
Tencent Revenue Disappoints in Warning for China Tech Sector
Tencent Holdings Ltd.’s revenue missed estimates, signaling an uneven recovery for the world’s biggest internet arena as it
2023-08-16 17:51
Alibaba, Tencent’s $66 Billion Party Starts to Fade
China’s largest tech companies Alibaba Group Holding Ltd. and Tencent Holdings Ltd. have gained $66 billion in market
2023-08-09 08:47
Apple, Meta Hot Streaks Fuel Nasdaq 100’s July Rally
Major technology and internet stocks have rallied throughout this year, with July the latest in a lengthy streak
2023-08-01 04:45
China Premier Meets Major Tech Companies, Vows More Support
Chinese Premier Li Qiang met with senior executives from the country’s leading technology firms including Alibaba Group Holding
2023-07-12 21:18
TikTok Dangles Zero Seller Fees Ahead of US Marketplace Debut
TikTok is taking a page from the playbook bargains app Temu employed to jumpstart its business in America:
2023-06-30 16:58
A Once-Obscure Chinese Startup Overtakes Shein In US
This time last year, hardly anyone in the US knew what Temu was. Now, as American consumers grapple
2023-06-15 00:22
Alibaba Breakup Begins With Spinoff of $12 Billion Cloud Arm
Alibaba Group Holding Ltd. will explore initial public offerings for its logistics and grocery arms while hiving off
2023-05-18 21:49