Shein Tag

13 Apr Alibaba, navigating sea change, reorients business towards bread-and-butter e-commerce and AI, pares down overhaul

Posted at 02:00h in Asia

By March 2023, Alibaba had lost three quarters of its value from the peak in October 2020, as the e-commerce giant, once seen as China’s answer to Amazon.com, faces questions on whether it can recapture its former glory while dealing with China’s economic slowdown, regulatory...

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11 Apr China’s Suzhou city plans supercharged cross-border e-commerce business after Shein and Temu success

Posted at 14:00h in Asia

The hi-tech manufacturing hub of Suzhou has unveiled a plan to double the city’s cross-border e-commerce annually for the next three years, as it looks to tap into the growing influence of Chinese platforms such as Shein and PPD Holdings’ Temu.The municipal government of the...

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09 Apr Alibaba’s AliExpress pushes ‘10 billion yuan of subsidies’ campaign to entice more Chinese brands and merchants to sell in overseas markets

Posted at 11:30h in Asia

The campaign called “10 billion yuan of subsidies” – a typical mainland marketing phrase used to tout large online allotments – will be given to an initial batch of 1,000 Chinese brands and merchants, including those who have already opened a store on Alibaba’s domestic...

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19 Mar Alibaba brings 5-day delivery on AliExpress to US via Cainiao in battle against Shein, Temu

Posted at 13:00h in Asia

Alibaba Group Holding has expanded its “five-day delivery” service to the US, as the Chinese e-commerce giant faces intensified competition against Temu and Shein in the world’s largest economy.Customers who place an order in the US on AliExpress, Alibaba’s international e-commerce platform, can now expect...

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16 Mar US lawmakers want a TikTok sale or ban, but China’s ByteDance won’t give up without a fight

Posted at 02:00h in Asia

The bill is headed to the US Senate, where both Democratic and Republican leaders have rejected the idea of fast-tracking its passage. 03:10Protests at US Congress after House passes bill that could potentially ban TikTok nationwideProtests at US Congress after House passes bill that could potentially...

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28 Feb Alibaba’s South Asian e-commerce unit Daraz to conduct new round of lay-offs

Posted at 09:00h in Asia

“Reluctantly, we will bid farewell to many valued members of the Daraz family,” acting chief executive James Dong said in an internal memo published on the company’s website on Tuesday. Alibaba, owner of the South China Morning Post, acquired Daraz in 2018.“Despite our efforts to...

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30 Jan AI, cross-border e-commerce are bright spots for Chinese internet firms in 2024, UBS says

Posted at 11:00h in Asia

Chinese internet firms can look to chase growth through international markets and artificial intelligence (AI) in 2024, according to UBS.China’s e-commerce platforms, facing intense domestic competition with new rivals and short-video app operators, are ramping up overseas expansion, Kenneth Fong, head of China internet research...

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25 Jan Shein backers look to sell shares at 30% discount, valuing it as low as US$45 billion amid dimming IPO prospects

Posted at 07:50h in Asia

Shein investors are trying to sell shares in private market deals that value the online fashion giant at as low as US$45 billion, reflecting dwindling appetite for a company struggling with intensifying competition and regulatory scrutiny ahead of a long-awaited US debut.Shareholders offered stock at...

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23 Jan ByteDance executive leaves to start cross-border e-commerce venture after Shein, Temu success in US

Posted at 10:30h in Asia

A founding member of ByteDance’s flagship Douyin app, the Chinese version of TikTok, has left the tech giant to focus on his own start-up for cross-border e-commerce, as Chinese-backed peers like Shein and Temu gain traction worldwide.The new venture from Ren Lifeng,...

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15 Jan Alibaba, TikTok woo US with AI and live-streaming e-commerce at CES trade show, setting the tone for 2024

Posted at 10:00h in Asia

“With advances in AI, we are ushering in the next generation of sourcing and empowering small businesses to succeed with our Smart Assistant at their side,” Chris Lu, general manager at Alibaba.com North America, said in a statement last week.The Alibaba.com booth features the e-commerce...

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