Meituan, the leading food delivery company in China, reported its second consecutive quarterly loss, slightly missing revenue growth forecasts. This comes after a year of aggressive, subsidy-intensive competition in China’s one-hour delivery market. Meituan’s…
Shopping on AliExpress is not just about finding the cheapest listing anymore. A low price alone does not tell you much. The real question is whether the discount is genuine, whether the seller is trustworthy, whether the same item is available elsewhere for…
In a fiercely competitive market, Chinese food delivery titan Meituan has reported a second consecutive quarterly loss, slightly missing projected revenue growth. Over the past year, the company has weathered intense competition sparked by aggressive subsidy…
PDD Holdings, the parent company of Temu, failed to meet its quarterly revenue and profit forecasts this Wednesday. The company highlighted the increasing domestic competition coupled with worldwide uncertainty as factors that will continue to impact…
The Singapore-founded super app, Grab, has declared its venture beyond Southeast Asia with a proposed acquisition of Foodpanda’s Taiwan operation, owned by Delivery Hero, for a cash sum of US$600 million. This acquisition is anticipated to conclude in the…
In response to heightened scrutiny by the European Union (EU), Chinese e-commerce platform AliExpress has announced enhanced measures to ensure compliance with the bloc’s regulations. This move comes as the EU intensifies its focus on rapidly expanding online…
Shein, a Chinese online retailer popular for its fast-fashion offerings, emerged victorious after the Court of Appeal in Paris dismissed France’s plea for the suspension of the platform. The court’s decision came in the aftermath of a controversy where the…
Alibaba, China’s largest e-commerce firm, reported a modest 1.7% increase in third-quarter revenue, significantly below expectations. However, more concerning was the staggering 66.3% drop in net income, largely due to heavy spending on one-hour delivery and…
On Monday, JD, a top-tier e-commerce powerhouse from China, announced the expansion of its Joybuy online marketplace into several European markets. By extending its reach into the United Kingdom, Germany, France, the Netherlands, Belgium, and Luxembourg, JD…
Flipkart, the Indian e-commerce company owned by Walmart, has relocated its holding company from Singapore to India, a move that marks an important prerequisite for the company’s anticipated stock market debut in India. Returning Home for Better IPO Prospects…
Chinese e-commerce giant JD has recently reported quarterly revenues that fell short of the market’s expectations. This underperformance has been attributed to tough competition and dwindling advantages from government subsidies, which have impacted the…
Amazon has announced that it will abolish the referral fee for sellers in India on items priced under 1000 rupees (approximately US$10.98). This decision aims to encourage more retailers to use their platform and gain a stronger hold on India’s competitive…
In a bid to strengthen its foothold in India’s highly competitive e-commerce sector, Amazon recently announced that it will cease to charge sellers referral fees for products priced under 1,000 rupees, or US$10.98. This decision, revealed by the company on…
E-commerce behemoth, Coupang, endured a significant blow following a data breach in South Korea, leading to a loss in its fourth quarter. The company’s profits plummeted and its revenue failed to meet analyst predictions, reflecting the extensive impact of…
Despite facing opposition from the French government, low-cost fashion brand Shein is extending its footprint to five additional cities in France. This expansion is being carried out through a collaboration with department store chain BHV. Continued Expansion…
Lazada’s RedMart has recently announced the launch of a new on-demand grocery delivery service in Singapore, RedMart Now, which guarantees to deliver orders within 30 minutes. Expanded Delivery Options The latest service supplements RedMart’s pre-existing…
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Retail Leadership · 13 min read
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