Tag: Etailing

Investors Have Cut China’s Internet Giants Down to Size
World

Investors Have Cut China’s Internet Giants Down to Size

Dec. 30, 2023 11:01 pm ETHONG KONG—Investors in China’s biggest internet companies have suffered through a tumultuous 2021, a lackluster 2022 and a disappointing 2023. After a lousy three years for the once-hot sector, many investors are asking—where do things go from here? Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Investors Have Cut China’s Internet Giants Down to Size
Money

Investors Have Cut China’s Internet Giants Down to Size

Dec. 30, 2023 11:01 pm ETHONG KONG—Investors in China’s biggest internet companies have suffered through a tumultuous 2021, a lackluster 2022 and a disappointing 2023. After a lousy three years for the once-hot sector, many investors are asking—where do things go from here? Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
JD.com Wins Antimonopoly Suit Against Alibaba
World

JD.com Wins Antimonopoly Suit Against Alibaba

Chinese e-commerce giant JD.com said it won a lawsuit against rival Alibaba Group Holding, which was fined 1 billion yuan ($140.7 million) over monopolistic practices.Zhejiang Tmall Network, Zhejiang Tmall Technology and Alibaba Group were found to have abused market dominance and engaged in monopolistic practices, causing severe damages to JD.com, it said in a statement Friday, citing a Beijing court ruling.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
JD.com Wins Antimonopoly Suit Against Alibaba
World

JD.com Wins Antimonopoly Suit Against Alibaba

Chinese e-commerce giant JD.com said it won a lawsuit against rival Alibaba Group Holding, which was fined 1 billion yuan ($140.7 million) over monopolistic practices.Zhejiang Tmall Network, Zhejiang Tmall Technology and Alibaba Group were found to have abused market dominance and engaged in monopolistic practices, causing severe damages to JD.com, it said in a statement Friday, citing a Beijing court ruling.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
TikTok Strikes Back in Indonesia
Money

TikTok Strikes Back in Indonesia

The Indonesian government executed its crackdown on “social shopping” in the name of protecting local small businesses. TikTok ended up taking over a local champion. The deal makes good sense for TikTok, in more ways than one. It gets a way back into its key e-commerce market in Southeast Asia. It also sends a shot across the bow of regulators in other countries that might be contemplating similar moves.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
TikTok to Invest More Than $1.5 Billion in GoTo to Restart Indonesia E-Commerce Business
World

TikTok to Invest More Than $1.5 Billion in GoTo to Restart Indonesia E-Commerce Business

Updated Dec. 11, 2023 4:29 am ETBytedance’s TikTok will invest more than $1.5 billion in a deal with GoTo Group that will allow the Chinese video-sharing app to resume retail operations in Indonesia, one of its most successful e-commerce markets.The companies said Monday that TikTok Shop Indonesia and GoTo’s Tokopedia e-commerce platform will be combined under the existing Tokopedia entity, with TikTok taking a 75% controlling stake.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Here’s How to Vet E-Bikes, E-Scooters and Other Products for Battery Safety
Technology

Here’s How to Vet E-Bikes, E-Scooters and Other Products for Battery Safety

Faulty electronics are causing more fires in homes lately. This holiday season, I don’t want to give my neighbors the wrong kind of light show, so I sought advice on how to avoid buying potentially dangerous devices.E-bike and e-scooter battery fires are soaring, particularly in New York, where 17 people have died and dozens have been injured this year.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Here’s How to Vet E-Bikes, E-Scooters and Other Products for Battery Safety
World

Here’s How to Vet E-Bikes, E-Scooters and Other Products for Battery Safety

Faulty electronics are causing more fires in homes lately. This holiday season, I don’t want to give my neighbors the wrong kind of light show, so I sought advice on how to avoid buying potentially dangerous devices.E-bike and e-scooter battery fires are soaring, particularly in New York, where 17 people have died and dozens have been injured this year.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8