The Philippines’ second largest retailer Puregold Price Club Inc (PGOLD) reported its FY 2022 consolidated net income of Php 9.3bn, an increase of 13.5% compared to last fiscal year. Strong performance throughout pandemic Recently, Puregold was named as the Philippine’s Most Chosen Retailer according to Kantar, a leading global data analytics provider. Puregold has sustained a growth path thr...

Alibaba Group has announced its new organisational structure aimed at supporting each of the group’s business make faster business decisions and achieve independent financing through market funding, thereby unlocking greater potential for shareholders. Business will be broken into six core business groups Taobao Tmall Commerce Group will include ecommerce platforms such as marketplaces...

Alibaba Group reported its Q3 revenue, for the three months ending 31 December 2022, rose 2% to RMB247,756m (US$35,921m), and net income of RMB35,031m (US$5,079m), which is up 12%. Seven key segments performance highlights China commerce sales reduced 1% to RMB169,986m (US$24,646m) International commerce sales grew 18% RMB19,465m (US$2,822m) Local consumer services sales rose 6% ...