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By Jiahui Huang 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...
After a lousy three years for China’s internet giants, many investors are asking: Where do things go from here?
(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
Temu parent PDD Holdings beat third-quarter revenue forecasts as heavy discounting boosted sales across its e-commerce platforms in China and overseas.
A survey of North American equities heading in both directions