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The average selling prices of toothbrushes, infant formula and makeup are declining as businesses adapt to circumstances. The average selling prices of toothbrushes, infant formula and makeup are declining as businesses adapt to circumstances. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all…

China’s stock market experienced a boom earlier this year, but the rally didn’t last. China’s stock market experienced a boom earlier this year, but the rally didn’t last. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not…

Alibaba’s shares fell after revenue missed forecasts; Tencent and Baidu saw more marked upturn. Alibaba’s shares fell after revenue missed forecasts; Tencent and Baidu saw more marked upturn. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the…

It took just 10 days for a rally in Alibaba Group Holding Ltd. to flip the shares from being ice cold to red hot.The Chinese internet conglomorate’s plan to slash its empire into six units has so far added $47 billion of market value, causing a key technical indicator to flash a sell signal — little more than a week after it showed the stock was oversold.Alibaba’s 14-day relative strength index has risen above 70, typically a signal that a rally has gone too far. The US shares have jumped more than 20% so far this week,…

JD.com Inc.’s JD 7.82% property and industrials units are targeting to raise about $1 billion each in Hong Kong initial public offerings, people familiar with the matter said, adding to the supply of potentially sizable deals that could hit the market this year.  The Chinese e-commerce giant said on Thursday that it is planning to spin off Jingdong Property Inc. and Jingdong Industrials Inc. by listing both companies in the city.…

JD.com Inc. will offer discounts across its online shopping platforms from Monday in a 10 billion yuan ($1.4 billion) campaign to capture new users ahead of an anticipated Chinese economic recovery this year.The campaign has spurred concerns that larger rival Alibaba Group Holding Ltd. or upstart PDD Holdings Inc. may retaliate with cuts of their own, igniting a margin-eroding price war. JD announced the launch of the subsidy plan in a statement on its official WeChat account Saturday.China’s internet firms are revving up…

SINGAPORE—Chinese e-commerce major JD.com Inc. JD 1.36% told staff that it will cut executive salaries to improve employee benefits and ease financial pressure, as tech companies grapple with a weaker economy.   Beijing-based JD.com will reduce the compensations of some 2,000 senior managers by 10%-20% from next year, with steeper cuts for higher-level executives, according to a letter Richard Liu, the…

China’s largest annual shopping festival showed lackluster growth in one of its weakest performances since the e-commerce giant Alibaba Group Holding Ltd. launched it in 2009, a fresh sign of depressed consumer sentiment under the country’s stringent Covid-19 policy.Alibaba on Friday didn’t disclose exact sales figures for the first time since it started its signature event, known as Singles Day, saying the results were in line with last year’s turnout. Alibaba reaped $84.5 billion in the…

HONG KONG— Richard Liu, the billionaire founder of Chinese e-commerce giant JD.com Inc., settled a lawsuit filed against him by a former student at the University of Minnesota, ending a legal battle that had attracted widespread attention in China. The agreement to settle came on Saturday, two days before a jury in Minneapolis was set to hear testimony to determine whether Mr. Liu raped the student,…

Chinese e-commerce company Pinduoduo Inc. PDD 1.12% this week quietly launched an online marketplace in the U.S. called Temu, the latest example of overseas expansions by Chinese companies as the economy at home slows down. Similar to Shein, the Chinese ultrafast-fashion e-commerce company, Temu boasts competitive prices. It features products in 14 categories, including apparel, accessories, pet supplies and beauty products, and it…