According to analysts, the share price collapse of Temu owner PDD reflects the “shattered confidence of investors”
A 28.5 percent plunge on Monday that wiped $55 billion off the value of PDD Holdings, owner of shopping apps Temu and Pinduoduo, reflected “shattered investor confidence” in the company’s future after top management stunned investors by downplaying its earnings…
Walmart is expected to raise $3.6 billion by selling its stake in JD.com, ending the 8-year partnership
JD.com’s Hong KongThe listed shares fell 10 percent to HK$101.10 as of 2:23 p.m. local time on Wednesday, triggering a broader sell-off in Chinese e-commerce and technology stocks. Walmart is refining its strategy in the world’s second-largest economy, where its…
Walmart is expected to raise $3.6 billion by selling its stake in JD.com, ending the 8-year partnership
JD.com’s Hong KongThe listed shares fell 10 percent to HK$101.10 as of 2:23 p.m. local time on Wednesday, triggering a broader sell-off in Chinese e-commerce and technology stocks. Walmart is refining its strategy in the world’s second-largest economy, where its…
Can China’s tech giants survive without consumers?
Last week’s earnings reports from Chinese technology companies should be a wake-up call for Beijing. Alibaba Group Holding Ltd. and JD.com Inc. pulled out all the stops to get customers to spend during their 618 shopping festival, a Black Friday-like…
