Sabrina Mao

Beijing

Head of Asia TV Newsdesk at Bloomberg News

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Articles

China’s Ecommerce Giants Splash Out to Jolt Wary Shoppers

Jun 20, 2024 | finance.yahoo.com | Sabrina Mao |Sarah Zheng |Jane Zhang

(Bloomberg) -- China’s shoppers are getting wooed this week like never before.
China Ecommerce Giants Woo Wary Buyers With 618 Shopping Discounts

Jun 19, 2024 | bloomberg.com | Sabrina Mao |Sarah Zheng |Jane Zhang

China’s shoppers are getting wooed this week like never before. The country’s biggest internet firms are pulling out all the stops during the annual “618” shopping festival, in a bid to shake off the industry’s post-Covid malaise and return to something like the rah-rah years before 2020. Alibaba Group Holding Ltd. is offering 50% off Lululemon apparel, while rivals like ByteDance Ltd. and PDD Holdings Inc. advertise steeper-than-ever discounts.
Meituan Prepping Middle East Foray While Exploring Europe, Asia

Jun 6, 2024 | finance.yahoo.com | Jane Zhang |Sabrina Mao

(Bloomberg) -- Meituan is preparing for a potential entry into the Middle East in its first expansion beyond the China region, even as it begins to consider the feasibility of other markets from Europe to Southeast Asia.
Meituan Prepping Middle East Foray While Exploring Europe, Asia

Jun 6, 2024 | bloomberg.com | Jane Zhang |Sabrina Mao

Meituan is preparing for a potential entry into the Middle East in its first expansion beyond the China region, even as it begins to consider the feasibility of other markets from Europe to Southeast Asia. Founder Wang Xing said Meituan was actively exploring new arenas after its success in Hong Kong, but he stressed the company will be cautious and disciplined in venturing abroad. The company was now in the early stages of preparing a launch for the Middle East, he said.
Didi Reports Bigger Loss as Incentives, EV Bet Continue to Weigh

May 30, 2024 | finance.yahoo.com | Sabrina Mao |Sarah Zheng

(Bloomberg) -- Didi Global Inc.’s net loss grew in the March quarter, after climbing marketing costs and losses on its stake in electric vehicle-maker XPeng Inc. outweighed a revenue boost.
Didi Global’s Revenue Sustains Growth Prior to Renewed IPO Bid - BNN Bloomberg

May 29, 2024 | bnnbloomberg.ca | Sabrina Mao |Sarah Zheng

(Bloomberg) -- Didi Global Inc.’s revenue rose 15% in the March quarter, as China’s leading ride-hailing provider sustained a recovery on strong domestic demand. The Beijing-based company said sales increased to 49.1 billion yuan ($6.8 billion) in the first three months of the year. But it reported a bigger net loss of 1.35 billion yuan, in part due to higher sales and marketing costs, as well as higher driver fees.
Didi Global’s Revenue Sustains Growth Prior to Renewed IPO Bid

May 29, 2024 | bloomberg.com | Sabrina Mao |Sarah Zheng

Didi Global Inc.’s revenue rose 15% in the March quarter, as China’s leading ride-hailing provider sustained a recovery on strong domestic demand. The Beijing-based company said sales increased to 49.1 billion yuan ($6.8 billion) in the first three months of the year. But it reported a bigger net loss of 1.35 billion yuan, in part due to higher sales and marketing costs, as well as higher driver fees.
‘Warcraft’ Returns to China as Blizzard and NetEase End Spat

Apr 10, 2024 | finance.yahoo.com | Sabrina Mao |Zheping Huang

Sabrina Mao and Zheping HuangApril 10, 2024 at 3:29 AM·3 min read(Bloomberg) -- NetEase Inc. reached a new agreement to distribute games in China for Microsoft Corp.’s Blizzard Entertainment, salvaging a 15-year relationship and reviving titles like World of Warcraft for the world’s biggest gaming market.
‘Warcraft’ Returns to China as Blizzard and NetEase End Spat

Apr 10, 2024 | msn.com | Sabrina Mao |Zheping Huang

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‘Warcraft’ Returns to China as Blizzard and NetEase Settle Spat

Apr 9, 2024 | bloomberg.com | Sabrina Mao |Zheping Huang

NetEase Inc. reached a new agreement to distribute games in China for Microsoft Corp.’s Blizzard Entertainment, salvaging a 15-year relationship and reviving titles like World of Warcraft for the world’s biggest gaming market. With the deal, famed franchises like StarCraft, Diablo, Hearthstone and Overwatch will once again be live for players in China.