Kwaishop, the e-commerce arm of Chinese TikTok-like short video sharing app Kuaishou, on Monday launched a plan aiming to support 500 Kwai Brands with web traffic of more than 23 billion visits to help them grow.
At present, the tax supervision department is still in the process of supervising the tax situation within the country's sprawling live e-commerce industry.
The government will now support what it sees as healthy and sustainable development of new business formats and models such as livestream e-commerce and social commerce.
Amazon has banned 600 Chinese brands and about 3,000 merchant accounts, all of which repeatedly used the platform's review function improperly. The ban follows several prior warnings.
Retail giant Suning.com announced on Sunday it has received 14.8 billion yuan ($2.3 billion) in investment from state-backed investors in exchange for a 23% stake in the company, leading to a change in management.
“Looking into the Milky Way with stars all over the sky, I feel that humans are humble, and my heart will be purer.” Yang said.
TikTok’s parent company ByteDance announced the creation of its new Department of E-commerce Business on the eve of 618 Shopping Festival.
Pinduoduo, China’s third largest e-commerce platform is making efforts to diversify its business by launching new services.
In May 2019, SF adjusted its product strategy to increase business volume and launched new products specifically designed for the e-commerce market and customers.
Tmall, China’s largest B2C platform under Alibaba Group, formed a strategic partnership with U.S.-based VF Corporation on June 13.
Amazon China and NetEase Kaola, a cross-border e-commerce, are negotiating to merge their overseas purchase business. Led by Kaola, the merger might be completed by split-offs.
Alibaba‘s financial report for the past quarter (January 1 to March 31, 2018), and for the fiscal year of 2018 has just been published by Alibaba Group Holding Limited (NYSE: BABA) today.