You Searched For "pinduoduo" and got 20 results
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2 mins read
Chinese online retailer Pinduoduo has a 'hyperaggressive' culture with hours surpassing a '996' schedule, analysts write
The success of Pinduoduo's sister company Temu exceeds expectations, despite demanding work culture…
Madeline Stone
1 min read
From Alibaba's Jack Ma to JD.com's Richard Liu: Here are China's 'old guard' tech founders who have walked away from leadership roles amid Beijing's tech crackdown
The crackdown has dented investor confidence and hurt company earnings. Last month, Alibaba and soc…
Weilun Soon
2 mins read
A fourth Chinese billionaire founder-CEO has stepped down as Beijing keeps up the pressure on its tech giants
E-commerce giant JD.com's founder Richard Liu is the latest to leave a tech leadership role in Chin…
Weilun Soon
1 min read
Cathie Wood's ARK Next Generation Internet ETF buys 195,517 shares of Chinese e-commerce giant Pinduoduo
Cathie Wood's ARK Next Generation Internet ETF initiated a stake in Pinduoduo buying 195,517 shares…
Will Daniel
1 min read
One Chinese billionaire has lost $27 billion in personal wealth during Beijing's tech crackdown
Six of the 10 billionaires who have lost the most wealth this year are Chinese business figures, in…
Ethan Wu
2 mins read
Cathie Wood says Ark has 'dramatically' cut its China investments to focus on Beijing-friendly companies like JD Logistics and Pinduoduo, report says
Star stock-picker Cathie Wood said the investing environment in China had changed markedly from the…
Harry Robertson
2 mins read
China's richest tech titans have seen $87 billion of personal wealth wiped out since the start of July amid government crackdown
Alibaba founder Jack Ma has been spared some of the worst losses recently, but that is in part beca…
Ethan Wu
2 mins read
Chinese tech giants sink on report China is considering a state-backed company to oversee tech data
Chinese tech giants fell on Wednesday after reports said the PBOC is considering establishing a joi…
Will Daniel
3 mins read
The death of a 22-year-old Chinese tech employee shows the industry's toxic '996' work culture, championed by top execs like Jack Ma
The woman, who worked for the e-commerce firm Pinduoduo, collapsed after leaving work at 1:30 a.m.,…
Bill Bostock
1 min read
Meet Colin Huang, who just stepped down as CEO of $100 billion Pinduoduo and whose wealth exploded by $25 billion in 2020
On June 21, Forbes' Real-Time Billionaire Index showed Huang, worth $45.4 billion, briefly surpassi…
Lu-Hai Liang
1 min read
Huawei's new trifold smartphone is being released tomorrow, and it's already creating a frenzy on resale sites
Huawei's new trifold smartphone, the Mate XT, is set to hit stores on Friday. Online scalpers are a…
Lian Kit Wee
3 mins read
Dozens of angry Chinese suppliers swarmed Temu's office, saying they're tired of giving Westerners refunds without returns
Small merchants in China have been holding rallies this month to protest Temu's fines and refund po…
Matthew Loh
3 mins read
Efficiency helped turn Silicon Valley around. China is taking it to the extreme to do the same.
After Silicon Valley bosses mounted a turnaround by putting pressure on workers, China's tech bosse…
Hasan Chowdhury
2 mins read
Chinese retail giants tried to juice spending with iPhone and Lululemon discounts in an annual shopping bonanza
618 is seen as a key indicator of China's general retail temperature — and early results were…
Shubhangi Goel
5 mins read
Young Chinese are looking for dupes and cheaper substitutes for everything from Hermès to travel
The trend comes as China faces a prolonged economic slump following its exit from pandemic lockdown…
Huileng Tan,Matthew Loh
3 mins read
The Chinese economy is so bad, even Chinese people can't be enticed into buying dirt-cheap mega-sale items
The 618 sale, which normally draws in billions, reported its first sales dip in eight years, showin…
Aditi Bharade
1 min read
Jack Ma popped up randomly on Alibaba's staff forum only to deliver a rare criticism of his company's performance
Alibaba cofounder Jack Ma's remarks come after a two-year absence from the public eye, following a …
Kai Xiang Teo
7 mins read
Top 10 richest people in Asia in 2024
The wealth scene in Asia is always in the spotlight, with many impressive individuals making it big…
3 mins read
Temu is trying to win over America. Good luck.
The Chinese-owned online marketplace signaled its intent to win over American consumers after buyin…
Hasan Chowdhury
2 mins read
Goodbye Shein, Hello Temu. US shoppers are reportedly spending 20% more at the Chinese dollar store than at the hot fast-fashion retailer.
American bargain shoppers are gravitating to Temu, a marketplace for super-cheap deals. The Chinese…