China’s Pinduoduo quietly launches US e-commerce site Temu

China’s Pinduoduo quietly launches US e-commerce site Temu

Chinese e-commerce company Pinduoduo Inc. PDD 1.11% this week quietly launched an online marketplace in the US called Temu, the latest example of overseas expansion by Chinese companies as the economy at home slows. Similar to Shein, the Chinese ultra-fast e-commerce company, Temu boasts competitive prices. Featuring products in 14 categories, including clothing, accessories, pet … Read more

China’s Pinduoduo quietly launches US e-commerce site Temu

China’s Pinduoduo quietly launches US e-commerce site Temu

Chinese e-commerce company Pinduoduo Inc. PDD 1.18% this week quietly launched an online marketplace in the US called Temu, the latest example of overseas expansion by Chinese companies as the economy at home slows. Similar to Shein, the Chinese ultra-fast e-commerce company, Temu boasts competitive prices. Featuring products in 14 categories, including clothing, accessories, pet … Read more

SoftBank appears as a big loser from the technical downturn. Again.

SoftBank appears as a big loser from the technical downturn.  Again.

Early last year, Masayoshi’s son addressed his staff on a video call. At the time, startup companies were increasing in value, but SoftBank Group Corp. didn’t invest in enough of them. His executives needed to persuade more companies to take their money, the Japanese billionaire lectured, according to former employees.

SoftBank appears as a big loser from the technical downturn. Again.

SoftBank appears as a big loser from the technical downturn.  Again.

Early last year, Masayoshi’s son addressed his staff on a video call. At the time, startup companies were increasing in value, but SoftBank Group Corp. didn’t invest in enough of them. His executives needed to persuade more companies to take their money, the Japanese billionaire lectured, according to former employees.

SoftBank appears as a big loser from the technical downturn. Again.

SoftBank appears as a big loser from the technical downturn.  Again.

Early last year, Masayoshi’s son addressed his staff on a video call. At the time, startup companies were increasing in value, but SoftBank Group Corp. didn’t invest in enough of them. His executives needed to persuade more companies to take their money, the Japanese billionaire lectured, according to former employees.

Alibaba shares continue to slide in Hong Kong after SEC delisting threat

Alibaba shares continue to slide in Hong Kong after SEC delisting threat

Hong Kong-listed shares of Alibaba Group Holdings Ltd. continued to sink overnight after US regulators last week added the e-commerce giant to a list of Chinese-owned companies that could be delisted. Alibaba shares fell as much as 5.1% in early Hong Kong trading late Sunday evening, Eastern Time, although it had recently pared its losses … Read more

Alibaba leaders summoned by Chinese authorities as they investigate historical data breaches

Alibaba leaders summoned by Chinese authorities as they investigate historical data breaches

HONG KONG – Leaders from Alibaba Group Holding the cloud division has been summoned for talks by the Shanghai authorities in connection with the theft of a huge police database, according to people familiar with the matter, which adds an urgency to an internal investigation conducted by the Chinese technology giant of how one of … Read more

Large cache of Chinese police files offered for sale in alleged hack

Large cache of Chinese police files offered for sale in alleged hack

A large amount of data about Chinese citizens, allegedly retrieved from a police database, some of which check out as legitimate, is being offered for sale by an anonymous hacker or hacker group. If confirmed, it will mark one of history’s biggest leaks of personal data. The cache allegedly contains billions of records stolen from … Read more