Chinese short-video platform Kuaishou has recently set a target range between 900 billion yuan ($141 billion) and 970 billion yuan in GMV for its e-commerce operations.
Chinese e-commerce and fashion platform Mogu Inc., which has reportedly carried out substantial layoffs recently, announced its financial report for the first half of fiscal year 2022.
Missfresh is stepping up to improve profitability by developing in-house labels and expanding the scale of direct sourcing as the main problem China’s online grocery sector faces has changed from the last-mile logistics to the first-mile supply chain.
The boom of live streaming e-commerce in China is best understood as an outcome of layers of factors, some are particular to the history of Chinese e-commerce, others universal for any Internet companies in need for commercialization.
While many are convinced that Chinese sellers are receiving special treatment from Amazon, in the eyes of many Chinese merchants, Amazon is no friend at all. Rather, it is in part Amazon’s monopoly power that leaves them with no choice.
Ant Group, a Chinese Internet financial unicorn, released the latest information on an adjustment of its management team on Thursday.
Dingdong Maicai and MissFresh, leading players in China’s burgeoning fresh food delivery arena, filed for US listings on Tuesday, racing to become the first publicly-traded Chinese online grocery platform.
Chinese tech and e-commerce giant Alibaba Group Holding fell into loss-making territory for the first time since going public in 2014 after being slapped a massive anti-monopoly fine by regulators.
Chinese ride-hailing giant Didi Chuxing is reportedly planning to spin off its community purchasing business and launch a separate IPO for the platform, which allows buyers to obtain discounts by ordering groceries in groups and have them delivered to their neighborhood, according to tech media outlet The Information.
Pinduoduo took six years to build an online marketplace that serves almost 800 million paying customers - and that was not their only unprecedented feat.
On March 8, Pinduoduo, a leading e-commerce platform in China with over 730 million users, established a partnership with Midea, the country’s largest consumer electronics brand.
Chinese video platform Bilibili is ramping up efforts to expand its business into the domestic payments market and could be launching its own online payment system in the near future.
Exotic antiques, animated furniture, a bed designed in a suitcase, you may find yourself in a life-sized comic book in Suning’s pop-up exhibition in Nanjing.
China’s market regulator said it fined operators of Alibaba’s Tmall, JD.com and Vipshop for mispricing products in November and early December, as Beijing steps up regulation of the e-commerce sector.
On the evening of Dec. 27, China Dili Group issued an announcement that e-commerce giant JD.com intends to subscribe for 5.37% of China Dili's shares for HK$798 million.
High profile livestreamer Xin Ba has been fined 900,000 yuan ($138,000) for selling counterfeit bird’s-nest soup, in the latest dispute related to false advertising in China’s booming livestreaming industry.
Walmart and TikTok announced this morning that they will co-host the first “shoppable” live-stream event on TikTok on Dec. 18, at 8 p.m (EST).
People in China shop online for nearly everything. To expand the market size, China saw new opportunities in the community group buying segment.
Yasten Holding, the parent company of popular Chinese makeup brand Perfect Diary, went public Thursday on the New York Stock Exchange (NYSE), becoming the first Chinese beauty group listed on the U.S. stock market, and shares surged 75% on the first day of its listing.
Chinese social and gaming giant Tencent reported strong Q3 financial results on Thursday, generating a revenue of 125.5 billion yuan ($18.9 billion), up 29% year-on-year and ahead of analysts’ expectations.