Cainiao Guoguo, the parcel delivery service under Alibaba Group Holdings’ Cainiao Smart Logistics Network, released a 2020 Courier Report on Jan.8, showing China’s rapid growth in the logistics sector last year.
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On Jan. 5, U.S. President Donald Trump signed an executive order to ban U.S. transactions with eight widely-used Chinese software applications, including Ant Group’s Alipay and Tencent’s QQ and WeChat Pay.
Following rumors of a shutdown in November, Alibaba-backed Xiami Music (虾米音乐) released a statement on Jan. 5 announcing plans to close in February due to a business reshuffling.
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.
Ant Group executives were summoned on Dec. 26 for talks about anti-monopoly practices with regulators and top financial watchdogs.
China’s financial technology giant Alibaba’s Ant Financial Service Group Co. cut credit limits for some young users on its digital consumer lending platform Huabei in recent days.
E-commerce giant Alibaba is under investigation for alleged monopolistic practices, according to a notice posted on the official website of the State Administration for Market Regulation (SAMR) on Dec. 24.
Taobao announced the top 10 products on the online shopping site in 2020.
Gucci opened its first flagship store today on Alibaba’s Tmall, an e-commerce platform for B2C online retail in China.
E-commerce giant Alibaba has developed an AntChain-based cold-chain food tracking system as a novel solution to increase efficiency in detecting coronavirus, according to a company’s announcement on Dec. 10.
On Nov.29, a post on Sina Weibo, Chinese largest microblogging platform, claimed that Alibaba’s music streaming platform Xiami Music（虾米音乐) is going to close down permanently in January 2021.
The Hurun Research Institute on Nov. 27 released its Richest Women in China 2020 List. Huiyan Yang, executive co-chairman and majority shareholder of real estate giant Country Garden Holdings, topped the list for the fourth consecutive year.
China’s e-commerce platforms disclosed their Double 11 shopping festival performance and all set new records.
China’s live-streaming boom has driven job seekers to grab their share of the pie, prompting a surge of live-host applications leading up to this year’s Singles’ Day online shopping bonanza.
Chinese e-commerce giant Alibaba’s Xunxi digital factory has participated in the annual Double 11 shopping festival for the first time.