CHINA TOPIX

04/26/2024 02:41:36 am

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China's Alibaba Expands into Gaming, But Tencent Dominates Industry

List of the top-grossing iOS apps in China: 13 of the top 20 were games developed by Tencent.

Misfit

Xiaomi, Chinese Firms Invest $40 million in Misfit Wearables

Sonny Vu, CEO and co-founder of Misfit, said the latest investment by the Chinese companies will help Misfit expand its reach into mainland China.

Alibaba and Haier

Alibaba, Haier Partner to Create Internet TVs in China

The new internet TVs offer users access to Alibaba's Taobao website and Tmall marketplaces.

Alibaba warehouse

Chinese Singles Day Celebration Makes Black Friday and Cyber Monday Pale in Comparison

China's Alibaba Group (NYSE: BABA) appears to be happily counting its way to the bank since first-hour sales of its Singles Day celebration reached a record $2 billion worth of merchandise sold by the e-commerce giant. That means the company founded for ex-school teacher Jack Ma would likely exceed the $5.8 billion sales record it logged on Nov. 11, 2013.

Amazon's Kindle Unlimited

Investors Flee After Amazon Reports Q3 Loss of $437 M; Largest Quarterly Loss in 14 Years

Is American e-commerce giant Amazon (AMZN.O) feeling the heat from the competition posed by the September New York debut of bigger rival Alibaba (BABA) from China, or is the company reeling from poor management decisions?

Baidu

China's Baidu Buys Control of Brazil's Peixe Urbano in South America Expansion Effort

The second biggest online search engine, China's Baidu, has bought control of Brazil's Peixe Urbano, in an effort to expand further into Latin America's market.

Amazon Jeff Bezos

Amazon to Open First Store in New York City

Amazon is looking to open its first physical store in New York City, where customers will be able to return, swap and collect products from the Amazon online store.

ihealbox

Chinese Ginseng E-Commerce Platform Opens To Global Consumers

China's traditional herb, ginseng, has been made available to global users through an e-commerce platform.

Alibaba Group

Alibaba Helps Amazon Rival ShopRunner Conquer China

Alibaba Group Holding Ltd., one of the biggest e-commerce companies in Asia, has struck a major deal with Amazon rival ShopRunner to help them expand into China.

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