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An Alibaba Group veteran is stepping down as head of the Chinese technology giant's food delivery and maps division in an internal reshuffle that will divide the unprofitable...
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(Bloomberg) -- Jack Ma essentially invented the e-commerce business in China by co-founding Alibaba Group Holding Ltd. and steering it to the top of the country’s private sector. But a couple weeks ago, the celebrated entrepreneur called out a little-known rival for outpacing his brainchild and becoming a role model for the tech industry.Most Read from BloombergPenn Leaders Out After Genocide Response, Alumni PressureGlobal Rate-Cut Standoff Looms in 2023 Policy FinaleBig Tech’s Ability to Deliv
Fashion brands that started in China battle in US chinadaily.com.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from chinadaily.com.cn Daily Mail and Mail on Sunday newspapers.
Temu parent PDD Holdings beat third-quarter revenue forecasts as heavy discounting boosted sales across its e-commerce platforms in China and overseas.
China's PDD beats estimates as online discounter Temu booms insideretail.asia - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from insideretail.asia Daily Mail and Mail on Sunday newspapers.
:Temu parent PDD Holdings beat third-quarter revenue forecasts on Tuesday as heavy discounting boosted sales across its e-commerce platforms in China and overseas, sending its U.S.-listed shares almost 14 per cent higher in premarket trading.PDD, home to Chinese online discount retailer Pinduoduo as well as c