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01 Apr, 2020
Chinese E-Commerce Pinduoduo Raises $1.6B with U.S. IPO
Chinese commerce startup Pinduoduo Inc. (NASDAQ: PDD) priced its U.S. initial public offering at USD 19 per share, the high-end of the range, and raised USD 1.63 Billion to become the second largest U.S. float from a Chinese company this year. Pindu..
JD.com Shares Rise
JD.com (NASDAQ: JD) reported their highest ever quarterly profit of $151 million which is far above analyst forecast of a 213 million yuan loss. This marks a 39% rise in revenue which boosted the firm’s shares compared to a 807.9 million ..
Alibaba Invests $1 Billion in Lazada Group
Alibaba Group Holding Ltd (NYSE: BABA), a Chinese e-commerce company decided to invest $1 billion in a Southeast Asian online retailer called Lazada which would boost their stake by almost a third to 83 percent. This decision was based on the expand..
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