Pinduoduo

Alibaba, JD.com shares slide after Beijing slams price-cut promotions

Temu and other cross-border platforms have come under pressure after the US scrapped duty-free exemption on parcels worth less than US$800 and the EU looks to introduce duties on low-cost packages from next year.

Temu-owner PDD Holdings beats profit expectations, outlook uncertain

This year, JD.com said the number of users placing orders for the 618 event more than doubled year on year, with over 2.2 billion orders across its online, offline and food delivery platforms.

China’s 618 shopping fest sets record, but daily spending slips

A tit-for-tat tariff escalation between the US and China has generated widespread uncertainty for global business Temu.

Temu-owner PDD Holdings profit dives as it faces challenges at home and abroad

The higher costs illustrate the impact of President Trump’s tariffs, and they risk changing how Americans shop and disrupting shipments from the likes of Temu and Shein.

US shoppers pay for Trump tariffs on Temu, doubling some prices

Just over the past week, the five biggest tech firms erased US$41 billion in market value, while a gauge of sector stocks listed in Hong Kong has fallen into bear market territory.

China investors digest another letdown from big tech earnings

Zhong Shanshan, 69, and his bottled water company Nongfu Springs have been under heavy pressure thanks to a price war and online personal attacks from nationalistic internet users that wiped billions of dollars off the company’s market value.

China's bottled water billionaire lashes out at Pinduoduo, ByteDance

PDD's revenue reached 99.35 billion yuan (S$18.4 billion) for the three months ended Sep 30.

Temu owner PDD misses revenue and profit estimates as consumers struggle

The dispute coincides with an aggressive expansion that’s taken the Temu brand around the world.

Hundreds of China merchants join protest against Temu over fines

An advertisement campaign featuring former England soccer captain David Beckham will run in conjunction with the Uefa tournament and encourage consumers to “score more with AliExpress”

Alibaba’s AliExpress recruits Beckham to ‘score more’ global sales