Alibaba’s Lazada makes first EBITDA profit in July, commits more investment
Alibaba’s Southeast Asia-focused retailing unit Lazada made its first monthly profit in July, CEO James Dong announced at a Tuesday
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Cheyenne Dong
17:28
China’s bubble tea chains bet big on Olympic athletes amid competition
China’s bubble tea brand Chagee is reaping the rewards after Zheng Qinwen, its health ambassador, won the country’s first Olympic
Cheyenne Dong
03:23
Taobao to ship apparel items for free to Asian territories as it looks to go global
Alibaba’s China-focused marketplace Taobao has joined the wave of Chinese e-commerce platforms launching cross-border operations with a plan to ship
Cheyenne Dong
13:39
Matrix Partners rebrands China unit as MPC, emphasizes independence
US-based private equity investment firm Matrix Partners has rebranded its China arm as MPC in English, the initials of Matrix
Cheyenne Dong
11:56
Chinese AI firms try to win over OpenAI users with special offers as ChatGPT maker restricts API use
China’s AI companies are rushing to win over OpenAI users in the country as the ChatGPT creator takes measures to
Cheyenne Dong
12:39
East Buy posts 70% drop in profit, faces future struggles after departure of top influencer
East Buy, the e-commerce unit of China’s one-time private tutoring giant New Oriental, posted a net profit of RMB 1.7
