China's JD.Com said on Monday it would invest $800 million in on-demand delivery platform Dada Group, following which the e-commerce firm will own about 51% of Dada.
T-shirts, umbrellas, handbags, lighters and mobile phone cases bearing phrases used by China's top diplomat during a testy exchange with U.S. officials in Alaska have become hot items on Chinese e-commerce platforms.
Alibaba (NYSE: BABA) could be forced to divest its media assets as part of the Chinese government's sweeping antitrust actions against the company, according to The Wall Street Journal.Alibaba reportedly won't be forced to divest its direct subsidiaries, which include its streami
Eight years ago, Alibaba (NYSE: BABA) bought the streaming music platform Xiami to expand its digital media business. But Xiami never gained much momentum against its larger rivals, and Alibaba quietly killed off the app earlier this month. It replaced it with a smaller platform
One firm's loss is another's gain. China's smaller technology companies and investors are eager to seize the day as a sweeping crackdown by anti-monopoly regulators on the country's internet giants creates a wealth of new opportunities.
In this episode of Motley Fool Money, host Chris Hill is joined by Motley Fool Analysts Jason Moser and Emily Flippern to discuss Ulta Beauty's (NASDAQ: ULTA) CEO stepping down, and the declines of Docusign (NASDAQ: DOCU) and JD.com (NASDAQ: JD) on earnings. Also, Bumble (NASDAQ
2020 was an insane year for companies going public. Boosted by the tremendous demand for technology and electric vehicle stocks, not to mention the frenzy of blank-check SPAC companies, the number of initial public offerings (IPOs) in the U.S. doubled to 494, raising a collective
Chinese regulators recently summoned 11 domestic technology companies including Alibaba Group, Tencent and ByteDance for talks on use of 'deepfake' technologies on their content platforms, stepping up scrutiny of the sector.
Alibaba (NYSE: BABA), China's largest e-commerce and cloud platform company, could be forced to divest its media assets in the near future. China's antitrust regulators, which launched a probe into the tech giant in December, are reportedly concerned about its stakes in various p
Chinese online video site Bilibili Inc launched the share sale for its secondary Hong Kong listing on Wednesday, aiming to raise up to $3.2 billion, as it eyes a return to an exchange closer to home.
Chinese internet search giant Baidu Inc is set to raise $3.08 billion by pricing its shares at HK$252 ($32.45) each in its Hong Kong secondary listing, according to two sources with direct knowledge of the matter.
Chinese app stores have removed Alibaba Group's UC Browser for mobiles, after it was criticised on Chinese state television's annual consumer rights show for including medical ads by unqualified companies.
Some of Ant Group's global investors have valued the Chinese fintech firm at over $200 billion based on its 2020 performance, said people with knowledge of the matter, offering a more sober estimate after the shelving of its IPO and forced restructuring.
China's government has asked Alibaba Group Holding Ltd to dispose of its media assets, the Wall Street Journal reported on Monday, citing people familiar with the matter.
Some of Ant Group's global investors have valued the Chinese fintech firm at over $200 billion based on its 2020 performance, said people with knowledge of the matter, offering a more sober estimate after the shelving of its IPO and forced restructuring.
Etsy (NASDAQ: ETSY) and JD.com (NASDAQ: JD) are two very different types of e-commerce companies. Etsy, which mainly operates in the U.S., Canada, the U.K., and Australia, is a leading marketplace for handmade goods. JD.com is China's largest direct retailer and the country's sec