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Category : E-commerce

AI (Artificial Intelligence)E-commerce

Alibaba’s shares decline by 6% following a substantial 86% decrease in profit reported by the Chinese tech giant.

champion Smart
In 2023, Alibaba faced a challenging year marked by its largest-ever corporate restructuring and significant management changes, including the appointment of company veteran Eddie Wu as chief executive in September. To reassure shareholders, the Chinese...
BusinessE-commerce

In a significant development in the tech sector, Temu parent PDD has surpassed Alibaba to claim the title of China’s most valuable e-commerce company.

champion Smart
PDD’s strategic focus on value-driven positioning and the expansion of its Temu marketplace have propelled it to the forefront of China’s e-commerce landscape, analysts noted, resulting in the company becoming the most valuable player in...