Fashion

Temu-owner PDD Holdings’ revenues hit by intense China competition and challenges abroad

By Reuters Published March 20, 2025 PDD Holdings, which operates e-commerce platforms Pinduoduo and Temu, missed market estimates for quarterly revenue on Thursday, as demand remained weak in China despite deep discounts and government stimulus to boost spending. Shutterstock While government stimulus measures and deep price cuts from retailers have drawn some shoppers, PDD’s sales report indicates […]

March 21, 2025 by Admin

Fashion

Alibaba boosts share buy back as revenues miss estimates

By Reuters Published Feb 9, 2024 China’s Alibaba Group Holding on Wednesday missed analysts’ estimates for third-quarter revenue, hurt by a weak retail environment and faltering economic recovery in the world’s second-largest economy. Reuters U.S.-listed shares of Alibaba fell 4% in early trading after the company flagged an increase of $25 billion to its share […]

February 9, 2024 by Admin

Fashion

SoftBank offloads another 2 percent in India’s Paytm

By Reuters Published Jan 24, 2024 SoftBank Group has sold an additional 2 percent in India’s Paytm, the latest in a string of selldowns in the digital payments firm. SoftBank offloads another 2 percent in India’s Paytm – Reuters The Japanese conglomerate, which sold shares between Dec 19 and Jan 20, now holds a 5.06 […]

January 25, 2024 by Admin

Fashion

TikTok, LVMH work on plan to limit fake items sold on the app

By Bloomberg Published Jan 11, 2024 Luxury conglomerate LVMH is in discussions with TikTok and its parent company ByteDance Ltd. on a plan for limiting counterfeit products sold on the popular video-sharing app. See catwalkLouis Vuitton – Spring-Summer2024 – Womenswear – Paris – © Launchmetrics The aim is to work together to achieve an “elevated […]

January 12, 2024 by Admin

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