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Analysis - With Currys buyout, China's JD.com could get hungered short-cut to Europe expansion By Reuters investing.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investing.com Daily Mail and Mail on Sunday newspapers.
If JD.com does acquire British electronics retailer Currys, the Chinese ecommerce giant JD.com would get the store and warehouse network it needs to expand rapidly in the UK and Europe, at a bargain-basement price. JD's interest in the struggling retailer, unveiled on Monday, underscores the Chinese firm's efforts to deepen its overseas presence as a counterweight to weak demand and cut-throat competition in its domestic market, analysts said.
By Casey Hall, Sophie Yu and Helen Reid BEIJING/LONDON (Reuters) - If JD.com does acquire British electronics retailer Currys, the Chinese ecommerce giant JD.com would get the store and warehouse network it needs to expand rapidly in the UK and Eur...
Temu Spent Millions on Six Super Bowl Ads as It Tries to Win Back US Shoppers businessoffashion.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessoffashion.com Daily Mail and Mail on Sunday newspapers.
PDD's Temu tries to woo US shoppers with millions spent on 6 Super Bowl ads seekingalpha.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from seekingalpha.com Daily Mail and Mail on Sunday newspapers.
Chinese-owned e-commerce giant Temu dropped tens of millions of dollars on three Super Bowl commercials, plus offered $10 million in giveaways in hopes of bolstering its US consumer base.
Alibaba’s Taobao and cloud units will directly answer to the conglomerate’s CEO, Eddie Wu, as the tech giant seeks to take on budget-focused PDD. While grappling with low consumer spending, Alibaba has undergone drastic changes in 2023 amid a corporate restructuring and multiple leadership changes.
Alibaba’s Taobao and cloud units will directly answer to the conglomerate’s CEO, Eddie Wu, as the tech giant seeks to take on budget-focused PDD amid low consumer spending.