Plum, a used luxury fashion e-commerce platform, announced on November 1 that it had completed a C round of financing worth $100 million. Zhuanzhuan, a Tencent-backed leading used goods trading marketplace in China, made the strategic investment.
Taobao and JD.com, two of China's leading e-commerce platforms, have recently announced the resumption of links connecting them with short video platform Kuaishou, mainly aiming at the annual Double 11 Shopping Festival.
Alibaba kicked off the 14th edition of its 11.11 Global Shopping Festival. The Chinese leading e-commerce player equips merchants with tools and solutions to secure business growth certainty for merchants during and beyond 11.11.
News that Chinese e-commerce giant JD.com's international business operations will undergo major adjustments has recently spread within the company. Certain business units in Europe and Southeast Asia will be most affected by the changes.
Chinese video content platform Bilibili on October 14 officially launched a new online shopping function within the livestreaming part of its homepage, ahead of the country's popular "Double 11" shopping festival.
An independent shopping channel has been set up within Toutiao, a content discovery platform owned by ByteDance. Users of the new service can purchase goods provided by Douyin's e-commerce business in the shopping channel by inputting keywords and placing an order.
ByteDance's TikTok has set a goal to reach 1.05 billion daily active users (DAUs) globally by the end of 2022. The popular short video platform currently has more than 800 million DAUs.
Kuaishou's e-commerce and commercialization divisions are preparing for the upcoming Kuaishou November 6 (116) Shopping Festival, and the effect of this round of adjustments will also appear after the shopping event.
Meituan's on-demand delivery business unit is preparing to enter the Hong Kong market, and it is currently recruiting staff.
A rape allegation involving Richard Liu, founder of Chinese e-commerce giant JD.com, has finally come to an end. The lawyers of both sides issued a joint statement showing that they had reached a settlement.
Shopee, an e-commerce giant with operations in Southeast Asia, reportedly demanded that laid-off employees pay compensation for damaged work computers. Shopee then confirmed this policy.
US e-commerce platform Temu is set to benefit from the latest initiative by sister company PDD to help manufacturers expand internationally and create global brands.
US-listed fresh grocery e-commerce brand Dingdong Maicai revealed that it will cooperate with other brands to develop pre-cooked dishes for individual consumers.
Following the low-key launch of its cross-border e-commerce platform Temu, Pinduoduo, a Nasdaq-listed Chinese e-commerce company, has further unveiled its overseas exploration plan.
Shopee, an e-commerce platform owned by Singapore's Sea Limited, will cut some jobs around the world. According to one Shopee employee in Shenzhen, the company has reduced at least one business line in the base to a third of what it was.
Bilibili, a Chinese video streaming platform featuring anime, cartoon and games (ACG) content, eyes livestreaming e-commerce business.
Starting on September 4, the Chinese division of Japanese fast fashion brand Uniqlo commenced e-commerce livestreaming sessions on Douyin, TikTok's counterpart for mainland China owned by parent company ByteDance.
Temu, the newest entrant to the US e-commerce industry under Nasdaq-listed PDD, is securing the best deals for customers by leveraging the extensive network of merchants, manufacturers, and logistics partners built up by its sister company.
The homepage of Pinduoduo, a Chinese social e-commerce platform, will reportedly undergo the launch of a special area with new functions for female clothing products.
In conjunction with an IP Week organized by the Intellectual Property Office of Singapore, Alibaba's regional e-commerce platform Lazada came together with leading brands to announce the launch of Southeast Asia's first e-commerce anti-counterfeit consortium.