Insights from The Wall Street Journal, Bloomberg, and Nikkei Asia The News The European Union could impose restrictions on several Chinese online retailers, most notably Shein and Temu, the Financial Times reported. Specifically, the EU is considering eliminating a rule that says individually packaged purchases imported from non-EU countries worth less than €150 ($162) each […]
China’s e-commerce giant JD.com is said to be doubling down on its budget shopping platform Jingxi in its latest move to win consumers in the “sink” market, made up mostly of small towns where shoppers have limited spending power, amid fierce competition with rivals such as PDD Holdings. Borrowing a page from PDD’s playbook, JD.com […]
What’s Going On With Chinese E-Commerce Stocks Alibaba, PDD And More On Thursday? Amazon.Com Inc (NASDAQ:AMZN) is set to launch a new section on its website dedicated to affordable fashion and lifestyle items, enabling Chinese sellers to ship directly to U.S. consumers. The storefront marks Amazon’s boldest move yet to counter rising competition from e-commerce […]
Not many businesses dominate quite like Amazon (NASDAQ: AMZN) does. The massive tech enterprise is currently valued at nearly $2 trillion. This huge figure comes from a rapidly rising share price, which has soared $1,000% in the past decade and 7,400% in the past 20 years. This “Magnificent Seven” stock has rewarded its shareholders in […]
China’s major e-commerce platforms saw gross merchandise value (GMV) grow 13.6 per cent year on year during the 618 shopping festival, according to third-party data, although profit margins are likely to be squeezed amid a heated price war. The estimated GMV growth, published in a report from research firm Analysys on Thursday, includes sales on […]
By Casey Hall and Sophie Yu SHANGHAI (Reuters) -Sales fell for the first time ever at China’s blowout mid-year e-commerce sales festival as consumers remain cautious about spending as the economy sputters, according to third-party data estimates released on Wednesday. Combined gross merchandise volume (GMV), a widely used proxy for e-commerce sales, reached 742.8 billion […]
By Casey Hall and Sophie Yu SHANGHAI (Reuters) – China’s mid-year e-commerce sales festival failed to stir up a great deal of excitement among shoppers, industry experts said, even as major platforms extended offers to a weeks-long period to woo belt-tightening consumers amid a gloomy economic outlook. The 618 festival, named after the June 18 […]
In recent years, the e-commerce scene has battled macro headwinds and rapidly changing consumer behavior. Undoubtedly, high rates and fears of anything worse than an economic soft landing have caused some consumers to cut back not just on discretionary goods but also on necessities by opting for the cheapest alternatives where possible. With one rate […]
Amazon is one of the best-performing stocks of all time. The e-commerce and technology giant is up over 1,000x since going public by taking advantage of the huge consumer shift from in-person to online shopping (among other things). It is still a great business, but at a market capitalization of $1.9 trillion it is highly […]
Alibaba.com, a business-to-business (B2B) cross-border e-commerce platform owned by Alibaba Group Holding, is projecting US$60 billion in gross merchandise value (GMV) for 2024, which would be a 20 per cent increase over the US$50 billion last year, the platform’s president Zhang Kuo said. The sourcing platform’s turnover growth slowed after a sevenfold increase in GMV […]
China stocks are rebounding again, amid signs that the economy is picking up. Tesla (TSLA) rival BYD (BYDDF), e-commerce giant PDD Holdings (PDD), Trip.com (TCOM), specialty retailer Miniso (MNSO) and messaging and gaming giant Tencent (TCEHY) are five stocks to watch. X Investors should pay attention to many other Chinese stocks, including e-commerce titan Alibaba (BABA), JD.com […]
(Reuters) -China’s Alibaba Group Holding beat analysts’ estimates for fourth-quarter revenue on Tuesday, as a focus on low-cost goods in response to cautious consumer spending helped boost domestic e-commerce sales in the three-month period. Its U.S.-listed shares, however, fell about 3% in premarket trading, as profit fell about 86% in the fourth quarter. Consumers in […]