Alibaba trumpets return to ‘normalcy’ in Q1 2021

By Emma Lee

Shares of Alibaba closed slightly lower on Thursday despite its better-than-expected results for the June quarter which showed that most of its businesses had rebounded to pre-pandemic levels.  

The company’s revenue jumped 34% year on year to …

Xiaohongshu bids to reinvent itself, again

By Emma Lee

Alibaba and Tencent rarely invest in the same startup. Xiaohongshu, the social media and e-commerce hybrid commonly regarded as China’s Instagram, is one of the few exceptions.
Joining the select ranks of industry disruptors like Didi Dache and Bilibil…