Pinduoduo

PDD Holdings Inc beat analysts' estimates for first-quarter revenue on Friday as more price conscious customers turned to its discount e-commerce platforms including Pinduoduo.The company's U.S.-listed shares rose 14 per cent in trading…

A new online shopping platform linked to one of China's top retailers has quickly become the most downloaded app in the US, surpassing Amazon and Walmart, CNN reported.Temu, a Boston-based online retailer that shares the same owner as…

NEW DELHI: Chinese e-commerce giant Alibaba Group Holding Ltdposted a smaller-than-expected rise in quarterly revenue on Thursday as Covid-19 curbs and a worsening economic outlook stifled consumer spending. Retail spending in China has…

People wait in line at Avis rental agency in the Miami International Airport Car Rental Center.Joe Raedle | Getty ImagesCheck out the companies making the biggest moves midday:Tesla — Shares of the electric vehicle company fell 3.2% after…

Check out the companies making headlines before the bell:Catalent (CTLT) – The drug delivery and manufacturing technology company beat bottom line estimates for its latest quarter. However, its revenue was short of Wall Street forecasts, as…

The Netflix logo is seen on a TV remote controller, in this illustration taken January 20, 2022.Dado Ruvic | ReutersCheck out the companies making headlines in midday trading.Catalent Inc. – Shares of pharmaceutical company Catalent fell 8%…

Check out the companies making headlines before the bell:Big Lots (BIG) – The discount retailer's shares tumbled 21.2% in the premarket after missing Wall Street forecasts for quarterly earnings and revenue. The company also reported a…

If you’re a real estate or tech tycoon in China, like Wang Jianlin, Hui Ka Yan, Jack Ma, Pony Ma, you don’t want to be No. 1. In China, it’s good to be rich, but not too rich.…

Bengaluru: Tata Group-owned etailer BigBasket has started testing a group buying model for delivering groceries in Tier IV towns amid growing competition in the category, according to people briefed on the matter. BigBasket’s move to…

Alibaba is seeing sharply slower growth in customer management revenue, the money derived from charging merchants for services which usually accounts for one-third to one-half of its overall revenue. For more than a decade, Alibaba…