On August 2, Xu Zheng, founder and CEO of Missfresh, published a message on his personal social media account that denied rumors that Missfresh, a fresh food e-commerce platform, had a broken capital chain and was unable to operate.
Regarding the rumors of dissolution, Missfresh responded on the afternoon of July 28 that under the larger goal of achieving profit, the company adjusted its business and organization.
Chinese e-commerce firm EachNet.com, which was once owned by eBay, has recently announced that it will cease website operations at 24:00 on August 12, due to the adjustment of its operation strategy.
Missfresh, a Chinese fresh food e-commerce platform, announced on Friday that it has reached a strategic investment cooperation agreement with Shanxi Donghui Group, which plans to invest equity worth 200 million yuan ($29.58 million).
Last Friday, a Minnesota court held a four-hour hearing in which Liu Jingyao, the accuser, asked for punitive damages from both Richard Liu and Chinese e-commerce giant JD.com. She attended the hearing in person.
Wei Wenwen, President of Douyin E-commerce, announced that the platform's GMV in the past year increased 3.2 times year-on-year, and that more than 10 billion products were sold.
Chinese e-commerce giant JD.com has recently completed a makeover of its listed categories, while the company's existing Fashion Home Business channel has been upgraded to the New Department Store channel.
Cross-border fashion e-commerce company SHEIN is now the most downloaded application in the United States, surpassing other powerhouses like TikTok, Instagram, Twitter, and even Amazon.
Cross-border fast fashion e-commerce platform SHEIN announced on April 28 that it has launched a new product line called "evoluSHEIN," which commenced sales globally on April 29.
Chinese tech giant Alibaba plans to expand its Southeast Asian e-commerce subsidiary Lazada's business to Europe, seeking to promote overseas business growth amid slowing opportunities at home.
Xiaomi Youpin, an e-commerce arm operated by leading Chinese electronics manufacturer Xiaomi, has undergone changes to its management.
Major Chinese e-commerce platform Meituan has recently launched a product called "Meituan Livestreaming Assistant," a free tool intended for online merchants and internet influencers.
Daniel Zhang, CEO and Chairman of Alibaba Group Holding Limited, has stepped down as Chairman and General Manager of two Tmall and Taobao-related companies, replaced by Trudy Dai.
With its strong position in China's platform economy, Alibaba has been taking meaningful steps to help both brands and consumers overcome existing barriers to sustainable consumption.
Chinese e-commerce platform Dmall is expected to submit an application this quarter for a public listing on the Hong Kong Stock Exchange (HKEx).
Daily Journal Corporation, a publishing and software company chaired by Charlie Munger, said it has halved its investment worth $32.6 million in Chinese e-commerce giant Alibaba Group, a regulatory filing showed on Monday.
According to Tianyancha App, recently, Lei Jun, founder of Chinese consumer electronics giant Xiaomi, withdrew from his position as director of Youpin Information Technology Co., Ltd.
Chinese e-commerce giant JD.com announced Thursday that company president Xu Lei has been appointed as the new CEO, succeeding Richard Liu, who will remain as the chairman of the board.
A number of web users certified as employees at JD.com, a leading e-commerce platform in China, posted that many business lines of the company are laying off employees.
Pinduoduo has recently become embroiled in a false advertising dispute on Chinese social media, after a web user participated in a livestream event purportedly offering the chance to obtain a free mobile phone.