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Alibaba Co-Founder Jack Ma Implicated in Intimidation Campaign by Chinese Regime
Billionaire appears to have been asked to pressure friend to return to China to help pursue out-of-favour official.
Chinese E-Commerce Giants’ Discounting Spree Hits Consumer Brands
Chinese e-commerce giants Alibaba and JD.com have faced increasing competition in recent years from low-cost platforms, such as PDD Holding’s Pinduoduo and ByteDance-owned Douyin.
How Beauty Can Navigate a China Rebound
After a lacklustre 2023, recovery may be on the horizon for established and independent lines alike.
Farfetch Seeks Last-Minute Bailout to Avoid Insolvency
Farfetch is in discussions with a liquidity provider to secure $500 million in emergency funding, in a deal that would also take the company private and wipe out shareholders, according to a report from The Sunday Times.
Why Online Luxury Is Broken
Reports of financial strain at Farfetch amid a stalled deal with YNAP has driven confidence in multi-brand e-commerce to all-time lows. With value propositions eroding and investment drying up, a way forward remains unclear.
Farfetch Seeks ‘White Knight’ to Avert Collapse, Sources Say
The e-commerce giant is seeking a cash injection to avert a collapse that could send shockwaves across the fashion industry. So far nobody has come to the table and time is running out, but founder Jose Neves may yet have a move up his sleeve.
Farfetch Seeks ‘White Knight’ to Avert Collapse, Sources Say
The e-commerce giant is seeking a cash injection to avert a collapse that could send shockwaves across the fashion industry. So far nobody has come to the table and time is running out, but founder Jose Neves may yet have a move up his sleeve.
Why Going Private Won’t Solve Farfetch’s Problems
The luxury e-tailer could be the latest e-commerce firm to go private amid its worst year as a public company. But Farfetch’s much scrutinised lack of focus could persist outside the public market.
Major Brands Fret as ‘Dupes’ Lure Holiday Shoppers
Growing demand for lookalike products, coupled with a pullback in spending due to inflation, is cutting in to sales of some trendy, big-name products.
Diwali Takes Its Place as the Next Big Shopping Holiday
India’s five-day festival of lights doesn’t come close to Black Friday or Singles Day in terms of overall sales, but brands see plenty of room to grow. That, plus what else to watch for in the coming week.
Explainer: Why Consumer Sentiment Remains Subdued in China
A real estate slump, high youth unemployment and lingering anxiety over Covid-19 are some of the factors behind the tepid results from this month’s 618 shopping festival.