Shares of PDD Holdings Inc. (PDD), the Chinese retail-tech giant, are attracting bullish sentiment from analysts despite a recent stock decline. After disappointing second-quarter results triggered a 35% drop in two sessions, analysts believe the stock is undervalued and has a potential 92% upside. While acknowledging the challenges, analysts are optimistic about PDD’s long-term growth potential, citing factors like a robust ecosystem, sustainable growth strategies, and attractive valuations.
The global contactless payments market is experiencing rapid growth, driven by increasing demand for digital transactions, rising smartphone and wearable adoption, and growing e-commerce activity. North America is a key player in this market, fueled by government initiatives, expanding financial institutions, and rising consumer awareness. This article explores the key trends, drivers, and players shaping the contactless payments landscape.
Chinese e-commerce giant JD.com has announced a $5 billion share repurchase program over the next three years. The move comes after a period of stock decline due to factors like Walmart’s sale of its stake and disappointing sales reports from competitors. This buyback program aims to boost investor confidence and support JD.com’s stock price.
A Bengaluru resident’s post about receiving a laptop just 13 minutes after ordering through Flipkart Minutes went viral, prompting the e-commerce giant to surprise him with a special gift. The incident highlights the rapid rise of quick delivery services in India and Flipkart’s strategy to attract customers.
ATRenew, a recycling specialist, reported strong revenue growth in the second quarter and predicts continued growth in the third. The company is capitalizing on rising demand from value-conscious consumers and its strategic partnerships with Apple and JD.com. ATRenew’s focus on higher-margin businesses, including product refurbishment and direct sales, is driving its profitability.
The global rice water shampoo market is experiencing significant growth, driven by rising consumer awareness of the benefits of natural ingredients and the increasing popularity of organic hair care products. This market is expected to reach US$ 410.4 million by 2034, growing at a CAGR of 6.5% from 2024 to 2034.
India’s Commerce Minister Piyush Goyal has clarified his earlier statements on e-commerce, emphasizing that he supports the sector and welcomes Foreign Direct Investment (FDI) in it. His initial comments, which expressed concerns about e-commerce’s impact on small retailers, had raised anxieties in the industry. Goyal’s clarification aims to alleviate these concerns and reaffirm the government’s commitment to fostering a balanced e-commerce ecosystem.
The global consumer spending growth showed some resilience in the second quarter of 2024, but with sticky inflation and elevated interest rates, consumers are turning to the pre-owned and refurbished goods market. This trend, driven by affordability and sustainability concerns, has led to significant growth for companies like eBay, ATRenew, and LKQ Corp.
CIRRO E-Commerce, a leading global e-commerce logistics solution provider, will be exhibiting at Parcel Forum 2024, a premier event for small-package fulfillment supply chain professionals. The company will showcase its innovative solutions for domestic and cross-border shipping, particularly highlighting its recently launched Canada e-commerce shipping services.
Walmart is selling its stake in Chinese e-commerce giant JD.com, marking a shift in its focus towards its own operations in China. The move is expected to raise approximately $3.74 billion for Walmart and has caused a significant drop in JD.com’s stock price.
