Sophie Yu
Stories by Sophie Yu
China’s Singles’ Day loses sheen amid regulatory crackdown, slowing economy
Alibaba said its GMV during the 11-day event grew just 8.5%, the slowest rate ever.
Alibaba takes in $84.54b in orders in toned-down Singles Day
Last year, the company racked up $74 billion in GMV over the event's 11 days.
Shares in Chinese hotpot chain Haidilao surge after plan to shut stores
The company plans to suspend or shut down 300 stores by the end of the year.
Chinese hot pot chain Haidilao slows growth amid COVID-19 crisis
China's catering industry shrank 4.5% in August, before recovering for growth of 3.1% last month.
Chinese retailer Miniso to double US stores betting on post-pandemic budget shoppers
At less than 60 outlets, Miniso's US presence will still be dwarfed by retailers like Dollar Tree.
China’s JD.com to withdraw sale of unapproved gaming titles
JD.com has told sellers it will withdraw the sale of 87 games, including Call of Duty.
China’s market regulator proposes changes to e-commerce law
The amendments are open for public review before October 14.
China’s Nayuki gets clean chit on food safety after regulatory checks
There were allegations that some of Nayuki's stores had cockroaches.
Firm controlled by JD.com founder to set up Chinese cargo airline
Jiangsu Jingdong Cargo Airlines has obtained preliminary regulatory approvals to launch a new carrier.
Beijing market regulator fines three private tutoring firms
Xueda Education, ABC Foreign Language School and 51talk were fined a total of $297,000.
