Fashion
Temu-owner PDD reports 44% rise in Q3 revenue; misses market estimates
[ad_1] CHINA’S PDD Holdings reported a 44 per cent rise in third-quarter revenue on Thursday (Nov 21), but still fell short of market estimates.Revenue reached 99.35 billion yuan (S$18.4 billion)...
Alibaba combines e-commerce arms to tackle growing competition
[ad_1] Alibaba Group will integrate its domestic Chinese and international e-commerce platforms into a single business unit run by one leader for the first time, the company said in a...
Alibaba integrates e-commerce platforms into a single business unit
[ad_1] ALIBABA Group will integrate all of its e-commerce platforms into a single business unit to be called the Alibaba E-commerce Business Group, it said in a stock exchange filing...
Singapore stocks fall amid regional sea of red; STI down 0.1%
[ad_1] SINGAPORE shares closed slightly lower on Thursday (Nov 21) as regional indices ended in the red, with the imminent threat of US trade tariffs under Donald Trump’s presidency elevating...
China’s Baidu says advertisers still subdued as revenue falls 3%
[ad_1] CHINA’S Baidu on Thursday (Nov 21) said it had not yet seen any notable improvement in advertising spending patterns or consumer spending despite recent government stimulus efforts, as it...
Chinese broker Futu cuts 5% of staff as global expansion slows
[ad_1] CHINA’S online brokerage Futu Holdings is reducing its headcount by about 5 per cent as it reassesses the firm’s strategy to expand globally.Responding to social media posts over large...
South Korea’s AI chip investor announces plan for share buybacks
[ad_1] SK SQUARE, the holding company of SK Hynix, a maker of artificial intelligence chips, on Thursday (Nov 21) announced a plan to buy back shares and nominate an independent...
US indictments scythe US$27 billion off value of India’s Adani Group firms
[ad_1] ADANI Group companies lost about US$27 billion in market value on Thursday (Nov 21) after US prosecutors charged the Indian conglomerate’s billionaire chairman in an alleged bribery and fraud...
India’s Adani Group sees US$22 billion in value wiped off after US indictments
[ad_1] SHARES of Adani Group companies lost about US$22 billion in market value in early trade on Thursday (Nov 21) after US prosecutors charged the billionaire chairman of the Indian...
Starbucks is said to consider selling stake in Chinese business
[ad_1] STARBUCKS is exploring options for its Chinese operations including the possibility of selling a stake in the business, according to sources with knowledge of the matter.The coffee chain has...
Chinese healthcare businesses wade into South-east Asia for cost-efficiency, growth
[ad_1] Beijing-based healthcare private equity firm with US$3.4 billion AUM aims to set up a fund for Chinese companies expanding into region[HAIKOU] Geopolitical tensions are driving Chinese healthcare companies to...