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Meituan reports Q3 revenue up 28.2% YoY to ~$8.7B and ~$170M in profit, as its "core local commerce" segment, including food delivery and hotels, rose 24.6% YoY (Jane Zhang/Bloomberg)

[ad_1] Jane Zhang / Bloomberg: Meituan reports Q3 revenue up 28.2% YoY to ~$8.7B and ~$170M in profit, as its…

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Technology

JD.com reports Q3 revenue up 11% YoY to $34.2B, narrowly beating estimates, and ~$843M net income, reversing a ~$394M loss in Q3 2021 (Jane Zhang/Bloomberg)

[ad_1] Jane Zhang / Bloomberg: JD.com reports Q3 revenue up 11% YoY to $34.2B, narrowly beating estimates, and ~$843M net…

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Technology

Alibaba reports Q3 revenue up 3% to ~$29B, slightly above estimates, and a surprise ~$2.9B net loss, compared to an expected ~$2.6B profit (Jane Zhang/Bloomberg)

[ad_1] Jane Zhang / Bloomberg: Alibaba reports Q3 revenue up 3% to ~$29B, slightly above estimates, and a surprise ~$2.9B…

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Technology

Alibaba doesn't disclose its Singles' Day sales for the first time, instead saying gross merchandise value was in line with 2021, when it had $76.1B in sales (Jane Zhang/Bloomberg)

[ad_1] Jane Zhang / Bloomberg: Alibaba doesn’t disclose its Singles’ Day sales for the first time, instead saying gross merchandise…

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Technology

A profile of China-born, US-educated academic Li Zexiang, an angel investor in 60+ Chinese tech startups collectively worth almost $12B, including DJI (Jane Zhang/Bloomberg)

[ad_1] Jane Zhang / Bloomberg: A profile of China-born, US-educated academic Li Zexiang, an angel investor in 60+ Chinese tech…

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Research: the value of VC deals in China fell 44% YoY to $24.7B in the first four months of 2022, which is nearly four times the pace of the global slide (Jane Zhang/Bloomberg)

[ad_1] Jane Zhang / Bloomberg: Research: the value of VC deals in China fell 44% YoY to $24.7B in the…

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