Greater China
The companies fined include Pinduoduo, Meituan, and JD.com.
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Indonesia
Thailand and Malaysia led growth with GMV surging 51.8% and 47.6%, respectively.
Singapore
The company booked an impairment loss of $351.8m on investments in its subsidiaries.
The company has started to explore “open-loop” financial services, Hungate said in an interview.
The EU had pressed China over a surge of dangerous products that entered the bloc.
The deal may contribute $60m incremental Adjusted EBITDA in 2028.
The company posted gains linked to its investment in Allo Bank.
The firm’s story of approaching profitability is being powered by its financial services division.
India
The company is aiming to list in Mumbai before March 2027.
Despite this turnaround, the market’s reaction echoed that of the 2023 sell-off.
