Retail

LVMH and other groups see sales slip in the region as consumers turn thrifty.

Rising logistics costs and heightened competition are increasing the strain on cross-border furniture businesses like Ziel.

Meituan Shangou, its quick commerce business, could play a significant role in its strategy to counter competition from main rival Douyin.

The Chinese e-commerce giant will build a logistics network for speedy deliveries.

JD.com has responded differently to Pinduoduo’s meteoric rise compared to mutual rival Alibaba, with its approach appearing to yield positive returns.

Given the significant differences between the US and Chinese markets, is PDD Holdings risking a pyrrhic victory by emulating Pinduoduo’s strategy with Temu?

With heavyweight Douyin encroaching on its market share, Meituan cannot afford to remain in autopilot mode.

Whether Alibaba sells those businesses or not, it’s growingly evident that the Chinese tech giant is shifting its focus from new retail back to e-commerce.