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PDD Holdings Inc

Temu parent PDD takes Alibaba spot as China’s most valuable e-commerce firm

by Ev Richard
Temu parent PDD takes Alibaba spot as China’s most valuable e-commerce firm

Chinese e-commerce giant Pinduoduo has been behind its rivals Alibaba and JD.com when it comes to international expansion. Now Pinduoduo has launched a U.S. e-commerce site called Temu. Rafael Henrique …

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Categories Technology

Alibaba’s global arm signs David Beckham as international e-commerce brand ambassador

by Adrian Jhonsan
Alibaba’s global arm signs David Beckham as international e-commerce brand ambassador

Alibaba’s international e-commerce platform AliExpress is a UEFA Euro 2024 sponsor and has signed David Beckham as its global brand ambassador. AliExpress BEIJING — Soccer star David Beckham will promote …

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Categories World

China’s ‘Magnificent Seven’ gets new ETF

by Adrian Jhonsan
China’s ‘Magnificent Seven’ gets new ETF

Roundhill Investments wants to mimic the success of its Magnificent Seven ETF (MAGS) in China. The firm’s CEO Dave Mazza plans to launch the Lucky Eight ETF, which aims to …

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Categories World

Alibaba founder Jack Ma re-emerges with praise of ‘transformations’

by Ev Richard
Alibaba founder Jack Ma re-emerges with praise of ‘transformations’

Jack Ma, founder of Alibaba, reappeared in the public view in China for the first time in months. Alibaba then announced a huge reorganization of its business. Experts see the …

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Categories Technology

Mumbai overtakes Beijing to become Asia’s billionaire capital for first time

by Adrian Jhonsan
Mumbai overtakes Beijing to become Asia’s billionaire capital for first time

With 92 billionaires, Mumbai ranks third behind New York and London, but ahead of Beijing, and Shanghai. Tuul & Bruno Morandi | The Image Bank | Getty Images Move over, …

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Categories World

Nvidia stomps the bears. Jim Cramer on struggling stocks Starbucks, Abbott

by Shawn Butlere
Nvidia stomps the bears. Jim Cramer on struggling stocks Starbucks, Abbott

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. (We’re …

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Categories Health

After doubts about Alibaba’s future, co-founder Joe Tsai says: ‘We’re back’

by Adrian Jhonsan
After doubts about Alibaba’s future, co-founder Joe Tsai says: ‘We’re back’

Trader works at the post where Alibaba is traded on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., March 28, 2023. REUTERS/Brendan McDermid Brendan …

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Categories World

Alibaba bets on overseas businesses amid sluggish growth in China

by Ev Richard
Alibaba bets on overseas businesses amid sluggish growth in China

The logo of the Alibaba office building is seen in the Huangpu District in Shanghai, June 16, 2023. Costfoto | Nurphoto | Getty Images Chinese tech giant Alibaba Group is …

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Categories Technology

Temu returns to Super Bowl 58 with new commercial

by Adrian Jhonsan
Temu returns to Super Bowl 58 with new commercial

Jakub Porzycki | Nurphoto | Getty Images Temu, the controversial Chinese e-commerce giant looking to take on Amazon, is returning to the big game on Sunday with a Super Bowl …

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Categories World

China’s Temu to run second ad, $10 million giveaway

by Ev Richard
China’s Temu to run second ad,  million giveaway

Sopa Images | Lightrocket | Getty Images Temu, the e-commerce app run by Chinese company PDD Holdings, plans to run a Super Bowl ad on Sunday, a spokesperson told CNBC, …

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Categories Technology
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