China's leading cross-border e-commerce company, DHgate, which operates a centralized marketplace, has announced the repositioning of MyyShop as a one-stop social commerce software-as-a-service (SaaS platform) in June.
Douyin, the Chinese mainland version of TikTok, has recently been testing a new homepage layout that emphasizes the "Mall" function. The tests indicate that it is weighing the importance of e-commerce and social features.
Global tech firm Alibaba is testing an app called "Taibang", a social e-commerce community focused on trendy youth culture.
Chinese e-commerce platform Pinduoduo Inc. saw increases in revenues and active users in its unaudited financial results for the third quarter ending Sept. 30, 2020.
The viral short-video platform TikTok is moving into social commerce with its new deal with e-commerce platform Shopify.
Pinduoduo announced that it would upgrade its New brand Initiatives on Thursday.
The Covid-19 Pandemic in 2020 has made a huge impact on the global economy and consumer market.
“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.
Consumers in China have come to expect e-commerce platforms to be more than just places to buy things.