E-commerce

Another battlefield for these two Chinese e-commerce giants.

It booked RMB 134.8 billion (USD 118.9 billion) in net revenue in the third quarter of this year, up 28.7% year-on-year.

It has started a global offering of 500 million ordinary shares to raise about USD 13.8 billion.

Private labels have lately become popular among internet companies as it promises higher returns.

The nod clears the way for Hangzhou-based Alibaba to start a weeklong roadshow from November 13 to garner interest from global investors.

Are the company’s rosy sales numbers too good to be true?

Homegrown e-commerce firm Shopee is among those leading Southeast Asia’s e-commerce race.

Alibaba and JD.com reached new sales records as spending money on Nov. 11 becomes a shopping ritual in China.