Temu's GMV in the US Region Exceeds 20%, Expanding Business in Latin America and Southeast Asia
Temu's semi-hosted GMV in the US accounts for over 20% of the entire site.
9/30/20242 min read
Category: Cross-border
Showing 12 of 742 posts in this category
Alibaba Buys Daraz after Lazada, Now Covering 11 South East Asia Countries
Daraz Group and its parent organization Rocket Internet SE have both announced today that the Chinese e-commerce giant Alibaba Group has acquired Daraz. Alibaba...
5/8/20183 min read
Haier Enters Service Robot Field with SoftBank Robotics
On March 6, Haier announced its vision of future robots serving ordinary families, and officially entered the field of service robots. Haier also entered a stra...
NBA Players Including Allen Iverson to Hold Kuaishou Livestreams
During this season's ongoing National Basketball Association Finals, Kuaishou, a Chinese short video platform and strategic partner of the NBA, has laid out a diverse content matrix for its users.
6/10/20222 min read
Xiaomi Overtakes Samsung as India's Largest Smartphone Maker in Q4, 2017
Figures from two technology market research firms published on January 25 show that Xiaomi overtook Samsung as India’s largest smartphone maker in the fourth qu...
SHEIN Invests in Forever 21's Parent Company, Expands Offline Presence
SHEIN invests in Forever 21's parent company, embarking on new attempts: e-commerce platform and offline experiments.
8/25/20237 min read
Tesla Shanghai Expects to Resume Pre-Lockdown Output in Mid-May
Tesla anticipates increasing the production capacity of its Shanghai Gigafactory to pre-lockdown levels around mid-May, but it has not disclosed specific target figures.
5/9/20223 min read
Chinese Appliance Maker's RMB 79 Million Bet on the World Cup
Vatti Corp. Ltd., the Chinese kitchen-appliance maker, together with its franchisees, initiated a country-wide refund procedure in response to the French victor...
7/16/20183 min read
Huawei Signs 5-Year Purchase Agreement for £3B with UK Government
Huawei reportedly signed a £3 billion ($4.18 billion) five-year purchase agreement with the British government. Last Friday, Huawei Chairman Sun Yafang met Brit...
2/8/20182 min read
China Responds to India's Investigation of ZTE and Vivo
After taking measures against Xiaomi, India has reportedly expanded its investigation to ZTE and vivo. Foreign Ministry Spokesperson Zhao Lijian said that the Chinese government is paying close attention to this matter.
ZTE and U.S. Government Reach $1.4 Billion Settlement Deal to End ZTE Ban
On Thursday June 7, U.S. Secretary of Commerce Wilbur Ross announced a new agreement with Chinese telecommunications company ZTE Corporation that will replace t...
6/8/20182 min read
Tesla's Shanghai Gigafactory Delivered 100K EVs in November
According to a news released by the China Passenger Car Association (CPCA) on December 5, Tesla's Shanghai Gigafactory delivered 100,291 electric vehicles in November, setting a new monthly delivery record again.