Reuters Asia Business

By Casey Hall and Harshita Mary Varghese (Reuters) -Chinese e-commerce giant Alibaba beat analysts’ quarterly revenue estimates on Tuesday as investments in one-hour delivery helped drive more users to its shopping apps, while its cloud division reported strong growth. U.S.-listed shares of the company opened up 2% in choppy early trading. The company reported revenue …

Alibaba revenue tops estimates with strong instant retail, AI push Read More »

By Liam Mo and Brenda Goh BEIJING (Reuters) -Didi Global reported an 8.6% rise in third-quarter revenue on Wednesday as the international expansion of China’s largest ride-hailing platform accelerated, while its domestic market remained stable. Didi operates China’s dominant ride-hailing platform and has expanded internationally, primarily in Latin America, offering both ride-hailing and food delivery …

China’s Didi Q3 revenue up 8.6% as costly overseas expansion accelerates Read More »

PARIS (Reuters) -The hearing on the French government’s request that Chinese online platform Shein be suspended in France for three months over sales of childlike sex dolls and banned weapons, has been postponed to December 5, a Paris court said on Wednesday. Shein has already disabled its marketplace – where third-party sellers offer their products …

Paris court: Hearing on request for Shein’s suspension in France postponed to Dec. 5 Read More »

By Satoshi Sugiyama TOKYO (Reuters) -Japan’s government said consumer sentiment on the economy was recovering despite persistent inflation in a monthly report published on Wednesday.  In its monthly economic assessment, the government reiterated a cautiously optimistic view that the world’s fourth-largest economy is recovering moderately, while warning of downside risks from U.S. trade policies. “Consumer …

Japan says consumer sentiment improving, keeping its view on ‘moderate’ economic recovery Read More »

HONG KONG (Reuters) -China unveiled a plan to boost consumption in the world’s second-largest economy, detailing measures that include promoting upgrades of consumer goods in rural areas and sectors such as “pet, anime and trendy toys.” The measures were announced on Wednesday by China’s Commerce Ministry and several other ministries, its central bank, and its …

Pets, anime and toys are part of China’s latest effort to boost consumption Read More »

By Qiaoyi Li and Josh Arslan BAODING, China (Reuters) -China’s Great Wall Motor is targeting annual production of 300,000 vehicles by 2029 in Europe where it is scouting locations for its first car plant in a battle to revive flagging regional sales, a company executive said. GWM teams are weighing up sites for the factory …

Exclusive-China’s GWM targets 300,000 annual production with first Europe car plant Read More »