CEO warns profitability will be hurt as PDD invests more in supporting its merchants

Temu’s billionaire founder becomes China’s richest person again, U.S. tech giant Intel unveils new discrete graphics chip for Chinese EVs

Pinduoduo's "refund only" policy, designed to enhance consumer protection by permitting refunds without returns, has been exploited by fraudsters, resulting in significant financial losses for merchants and fostering a black and gray market industry chain. Fraudsters exploit shipping insurance by ordering items with shipping insurance and returning empty packages or different items, profiting from the difference between shipping costs and insurance compensation, bolstering a complex black market. Efforts to curb these abuses are hampered by covert, dispersed fraudulent networks, adaptive tactics, and jurisdictional complexities, causing ongoing distortions in e-commerce ecosystems despite advancements in risk control measures.

As more merchants protest an opaque regime of fines, critics say the e-commerce company is dragging its rivals to a race to the bottom

Colin Huang, who started e-commerce giant PDD, has returned to the top of China’s rich list for the second time, with a fortune of $48.6 billion

In 2023, China's top overseas e-commerce platforms, dubbed the "Four Little Dragons" (Temu, SHEIN, AliExpress, and TikTok Shop), have made significant global strides. These platforms accounted for over one-third of China’s cross-border e-commerce GMV, impacting markets with low-priced goods and shifting logistics and trade models. Compliance and regulatory challenges are major hurdles, with focus on intellectual property, tariffs, and geopolitical tensions shaping the strategies of these Chinese firms.

Chinese e-commerce giant reports profit that more than tripled and revenue that more than doubled in the first quarter, eclipsing Alibaba and JD.com’s results

Shares in the Chinese-owned retailer rose 6% after it reported better-than-projected sales of $12 billion, its second straight quarter of triple-digit growth

A Zhejiang court has ordered the e-commerce giant to compensate Alibaba’s logistics arm Cainiao Network 5 million yuan, bringing an end to a legal spat that began in 2022

Jack Ma tells employees ‘we must reform for the future’

Unitree Robotics raises $139 million in funding, HiPhi founder has three months to save EV startup

Former employees told Caixin that they had been sued hundreds of thousands of yuan by the Temu-owner after taking jobs at other firms, despite them holding junior positions and not possessing company secrets

Longtime e-commerce king’s valuation set to drop about $1 billion below its younger rival’s market value of $188 billion

Replying to a staff post on a company forum, the company co-founder also praised decisions taken by rival PDD, which reported stronger-than-expected quarterly results just hours before

Platform scores big beat on revenues as promotions lure bargain-hunting consumers; PDD seen disrupting global e-commerce as it outpaces rivals