TikTok's gross merchandise volume (GMV) for its e-commerce business in the first half of 2022 exceeded $1 billion, which is equivalent to the full-year volume the platform saw in 2021.
During a speech at the China Entrepreneurs Forum in Tianjin on August 3, Michael Yu, Chairman of New Oriental Education, expressed views on the firm's livestreaming e-commerce platform, Oriental Selection.
The app of Chinese grocery e-commerce platform Missfresh now shows that its 30-minute delivery service has been replaced with next-day delivery in Beijing, Tianjin, and Shanghai.
Missfresh, a Chinese fresh food e-commerce platform, plans to sell part of its business of providing business consulting and online shop construction services for merchants of fresh agricultural products, so as to solve one of its operational dilemmas.
In the first half of this year, the gross merchandise volume (GMV) of Douyin's local life business reportedly totaled about 22 billion yuan ($3.28 billion).
Missfresh, a grocery e-commerce platform based in China, recently identified certain transactions carried out by its Next-Day Delivery BU in 2021 that exhibited characteristics suggesting questionable transactions.
TikTok is preparing to launch a warehousing plan called "Aquaman" for its e-commerce business in the UK market in the near future.
In China's rapidly diversifying e-commerce industry, livestreaming is emerging as a top method for driving sales.
After successive reductions of more than HK$440 million ($56.06 million) worth of JD Health shares in late April and early May, JD.com founder Richard Liu on June 17 reduced his holdings of about $279 million worth of the firm's shares.
Michael Yu, founder of New Oriental Education, revealed that an e-business school may be opened in the future.
PingPong, a global provider of digital services for cross-border trade, has entered into a direct partnership with JCB, one of the six major international card issuing organizations.
The digital collection platform of Chinese fashion e-commerce app Poizon was officially launched on Saturday.
Chinese e-commerce platform JD.com has recently begun to undergo a new round of organizational restructuring. Jingxi Business Group under JD Retail will be broken up within this month.
Xin Lijun, the CEO of JD Retail, said in an interview that JD.com was studying the possibility of entering the field of food delivery.
Magnetic Engine, a commercial marketing service platform owned by Kuaishou, and Mints, a Chinese digital collection platform, launched Kuaishou's first NFT digital collection called "Magnetic Engine Influencers" on Wednesday.