china-e-commerce | ABS-CBN News

China online sellers profit due to 'Squid Game'

Xinmei Shen, South China Morning Post
Posted at Oct 07 01:11 PM

South Korean hit drama Squid Game has become popular in China, despite not being officially released in the country. Chinese merchants are selling costumes and masks inspired by the show to buyers at home and overseas. Read more »

China tightens regulations vs fake goods online

Tracy Qu and Minghe Hu, South China Morning Post
Posted at Sep 01 11:33 AM

Proposed updates to the China’s e-commerce law promise much harsher punishments for operators found selling fake products online. Read more »

Top China, US trade officials hold 'candid' first talks

Agence France-Presse
Updated as of May 27 01:29 PM

Trade officials from the US and China have held "candid, pragmatic" talks, China's commerce ministry said Thursday, their first discussions under the Biden era as Washington scrutinises whether Beijing is holding up its end of a trade pact. Read more »

Ant Group to launch $35 billion IPO after final nod from China regulator

Colin Qian, Julie Zhu and Meg Shen, Reuters
Posted at Oct 22 01:23 PM

China's Ant Group has won the final nod from the country's top securities watchdog for the registration of its Shanghai offering, the regulator said on Wednesday, clearing the last regulatory hurdle for its $35 billion dual-listing. Read more »

China's millennials stimulate $15 billion sex toy market

Laurie Chen, Agence France-Presse
Posted at Oct 19 09:26 AM

Demand for sex toys is increasing in China, which is already the world's biggest exporter of bedroom aids. Read more »

Alibaba to buy controlling stake in hypermarket chain Sun Art in $3.6 billion deal

Reuters
Posted at Oct 19 09:11 AM

Alibaba Group Holdings said on Monday it will invest $3.6 billion to boost its stake in hypermarket operator Sun Art Retail Group Ltd, gaining further ground in China's booming retail market. Read more »

Secrecy and speed: Inside Ant Group’s unusual IPO process

Kane Wu, Julie Zhu and Scott Murdoch, Reuters
Posted at Oct 02 08:44 AM

Ahead of what's likely to be the world's largest initial public offering, China's Ant Group Co Ltd is asking lead bankers to personally sign confidentiality pacts and pressing some investors to explain why they should be allowed to attend marketing meetings, sources familiar with the matter said. Read more »

Ant launches blockchain-based cross-border trade platform ahead of $35 billion IPO

Yingzhi Yang and Brenda Goh, Reuters
Updated as of Sep 25 03:16 PM

Ant Group, owner of China's ubiquitous mobile payment app Alipay, launched a blockchain-powered platform for cross-border trade settlements on Friday, as it races to launch more technology products ahead of its blockbuster IPO.   Read more »

China's Ant takes another step towards $35 billion IPO with registration move

Reuters
Posted at Sep 23 12:00 PM

China's Ant Group submitted documents to the securities regulator for registration of the Shanghai portion of its IPO, the city's bourse said late on Tuesday, moving a step closer to a planned dual-listing expected to be worth about $35 billion. Read more »

Chinese e-commerce giant JD soars on Hong Kong debut

Jerome Taylor with Beiyi Seow in Beijing, Reuters
Posted at Jun 18 06:27 PM

Chinese e-commerce giant JD.com soared nearly six percent on its Hong Kong debut Thursday, after raising almost $4 billion in an initial public offering that was the world's second-biggest this year. Read more »