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PDD Holdings
China’s Temu grabs suppliers ditched by rival Shein over factory standards
...The Chinese group said it operated a marketplace rather than acting directly as a retailer and accepted “merchants with valid operating licences that are able to meet requirements for products”....
February 13, 2024
Chinese business & finance
China’s answer to Instagram makes first profit
...That saw merchants bolster their marketing spending. “Xiaohongshu is unique in that it isn’t a low-price-driven platform,” he said, “so it does not dilute brand value.”...
March 25, 2024
FT Live
FTWeekend Festival: U.S. edition
Where the Financial Times weekend paper comes to life
Saturday, 4 MayThe REACH, at the Kennedy Center for the Performing Arts, F Street Northwest, Washington, DC, USA
Amazon.com
Amazon ‘roll-ups’ in ‘cycle of survival’ talks to boost balance sheets
...Ecommerce businesses that “roll up” independent Amazon merchants raised more than $16bn amid the pandemic-driven boom in consumer spending, according to Marketplace Pulse, which tracks the sector....
November 28, 2023
Archer Daniels Midland Co
ADM accounting probe reveals nutrition profits overstated up to 10%
...Archer Daniels Midland, the global agricultural commodities merchant, overstated historical profits at its fast-growing nutrition business by up to 10 per cent, it said on Tuesday, setting out for the first...
March 12, 2024
News in-depthAlibaba
Alibaba gives way to China ecommerce rivals on Jack Ma Boulevard
...“Merchants are leaving Alibaba and so are customers.”...
February 14, 2024
PDD Holdings
Temu-owner PDD doubles revenues to cap ‘pivotal’ year
...It popularised a group-buying shopping model in China, where buyers band together to purchase the same products at low prices....
March 20, 2024
FT Live
Future of Retail
Securing long-term business growth with technology innovation
Tuesday, 17 SeptemberLondon, UK
Ecommerce
China’s ecommerce groups make inroads in South Korea with lure of low prices
...She added that if Alibaba were to move into the South Korean wholesale market, “it would deal a blow to many small Korean merchants who source their cheap products in China and resell them on Korean online...
March 24, 2024
News in-depthAnt Group
Chinese fintech Ant Group targets global growth after Jack Ma’s exit
...“But Ant and other Chinese peers need to offer a much better product to grab market share in the . . . global arena of fintech software.”...
April 4, 2024
The Big Read
The mysterious rise of the Chinese ecommerce giant behind Temu
...Almost all of PDD’s revenues then came from marketing services, where merchants “bid for keywords that match product listings appearing in search or browser results”....
March 6, 2024
News in-depthAmazon.com
Amazon crackdown on sellers spawns new legal industry
...Amazon’s recent efforts to crack down on issues such as fake product reviews have come as US and European regulators have upped their scrutiny of the online harms facing shoppers....
January 3, 2024
Transcript
Transcript: Shopify vs Amazon
...Shopify is on the seller’s side, the merchant’s side and they make it much easier for merchants to do business....
April 11, 2024
Markets InsightDavid Bholat
Britcoin needs a bolder vision
...A business model based on user subscriptions or merchant acceptance fees is unlikely to generate sufficient margins given low or no transaction cost alternatives such as cash....
February 21, 2024
Travis Perkins PLC
Travis Perkins shares drop as profit guidance slashed
...The performance of the building merchant in the three months to September was partially offset by subsidiary Toolstation — a supplier of tools and building products....
October 11, 2023
HTSI
Mark Bradford’s art of glass
...“I come out of a long merchant culture,” Bradford says, of the appeal of the Rio Terà retail project....
April 4, 2024
LexUK banks
Why motor finance could be banking’s next PPI car crash Premium content
...Merchant bank Close Brothers on Thursday decided to cancel its dividend for the full year to July, because of uncertainty around the probe....
February 15, 2024
FT Live
TNW Conference 2024 - The Next Web
Europe’s leading tech event for corporates, startups, investors and governments
Thursday, 20 JuneAmsterdam, Netherlands
Ecommerce25 min
The rise of Pinduoduo and Temu: profits and secrets | FT Film
...All of this costs money and is baked into the price of the product. Temu has stripped that away....
March 6, 2024
John Gapper
The old empires of cocoa, coffee and tea are fragile
...These beverages were early products of empire and the trade routes established by the British East India Company and other merchant adventurers....
February 23, 2024
LexTechnology sector
TikTok/GoTo: bargain buy rewrites script for scrolling players Premium content
...The trend is so disruptive that the Indonesian government has banned online shopping on social media platforms to protect smaller merchants. TikTok may have found a way around that prohibition....
December 11, 2023
Investments
Directors’ Deals: Stand-in finance director cuts BAT stake
...Management is aiming for half of total global revenue to come from non-cigarette products by 2035....
February 23, 2024
FT Globetrotter
New York uncorked: Manhattan’s coolest wine stores
...“Our unique selection of products is why people shop at Astor,” said Asencios....
March 26, 2024
News updates from October 11: Fed minutes show ‘two-sided’ risks, ExxonMobil agrees to $60bn deal Pioneer deal
Travis Perkins warns of big hit to profits as housebuilding slows
...UK building merchant Travis Perkins warned full-year profits would be well below previous guidance as a slowdown in new building hit its revenues....
October 11, 2023
Middle Eastern politics & society
Commercial vessel and US destroyer attacked off Yemen, says US military
...Central Park, a Liberia-flagged oil and chemical products carrier, had earlier been boarded by unknown assailants, according to Centcom....
November 27, 2023
LexEpic Games Inc
Google/Epic Games: storefront monopoly could upend apponomics Premium content
...Product suppliers are less likely to appreciate the arrangement....
December 12, 2023
FT MagazineJancis Robinson
Cork vs screwcap: which is better for the planet?
...Majestic in the UK collects corks and gives the mulched product to the Eden Project to add to its soils....
March 30, 2024
Hedge funds
US hedge funds far outperformed local rivals in China in 2023
...“It is difficult to find an investment product that did well in a bad market,” said the official....
January 20, 2024

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