Go For the WeChat Gold: E-commerce Business Increases 20 times In One Year?
"Alibaba and JD.com have established offices to compete with Pinduoduo.” said Bin Huang, an e-commerce merchant. Relying on WeChat traffic, Pinduoduo has become...
Category: Industry
Showing 12 of 6361 posts in this category
Would You Buy Valentine’s Day Roses at a 94% Discount?
E-commerce platforms like Pinduoduo, which offered the 88-yuan bouquet, are able to connect flower farmers directly to consumers, removing the middlemen that add layers of costs as the flowers make their way from farms to florists.
2/15/20223 min read
WeChat Announces Progress on Fix for Enforced Following of Accounts While Ordering
Tencent’s social app WeChat issued a notice on Thursday regarding the progress of its rectification efforts for the enforced following of accounts while ordering at restaurants.
Former Baidu Search President Xiang Hailong Joins Smartphone Manufacturer Transsion
Former Senior Vice President of Baidu and President of Baidu Search Xiang Hailong has officially joined Transsion, a Chinese smartphone manufacturer that strives to export its products worldwide.
1/13/20222 min read
Keep Lists on The Stock Exchange of Hong Kong with A Market Capitalization of $2 Billion
On July 12th, Keep, the first sports technology company, officially listed on The Stock Exchange of Hong Kong with the stock code "3650".
Geely-Backed Low-Carbon Methanol Plant Put into Operation
The world's first 100,000-ton low-carbon green methanol plant developed by Chinese automaker Geely and resource company Henan Shuncheng Group was officially put into operation on February 21.
2/22/20232 min read
Shenzhou-13 Crew to Return From Space Station Soon
The three Shenzhou-13 astronauts aboard China's space station will return to Earth soon after a national-record six-month mission in orbit, the China Manned Space Engineering Office (CMSEO) said on Thursday.
4/15/20222 min read
China VC Weekly: DNA Tests, Semiconductor Design and EVs
Three VC wins last week included DNA test company Genebox bagging a Series A+ round; semiconductor design firm X-Epic raising over $30 million; and EV brand Nezha netting $305.5 million first Series C tranche.
12/14/20204 min read
Xiaomi Reports Q1 2023 Performance: Progress in Chip Production, Electric Vehicles, and AI
Xiaomi has reported its Q1 2023 performance. In this quarter, the company achieved revenue of 8.42 billion USD, and an adjusted net profit of 452.6 million USD, marking a 13% year-on-year increase and a 121% sequential increase.
Li Auto CTO Wang Kai to Leave Position, Sources Say
Wang Kai, CTO of Chinese electric vehicle manufacturer Li Auto, will leave in the near future after joining the firm less than two years ago.
2/15/20222 min read
NIO To Launch New Headquarters in Hefei, Receives 10-Billion-Yuan Investment
On February 25, the signing ceremony of Anhui province's major industrial project took place at the JAC-NIO production base in Hefei.
2/25/20202 min read
Alibaba Launches E-Commerce Platform Miravia in Spain
Earlier this month, Chinese e-commerce giant Alibaba was reported to be officially launching Miravia, a new e-commerce platform for the Spanish market. A source close to the company confirmed this news.
11/30/20223 min read