A fancy “antique fruit basket” sold on Amazon stirred a hilarious online discussion recently among Chinese netizens after the product’s actual intended use was revealed to be a spittoon or chamber pot.
Amazon China’s Prime Day was held on July 15 and 16, soon after the company closed its cooperation with third party vendors.
Since July 1, Amazon China no longer sells its own paper books, and third party paper books will also be taken down from shelves starting July 18.
The U.S. e-commerce giant Amazon is negotiating with TuSimple, a Chinese self-driving truck company, about acquisition details, people familiar with the matter told Tmtpost.
Amazon will close its domestic e-commerce marketplace business in China, effective from July 18. The company will keep running other business sections in China, including Amazon Web Services, Kindle e-books, and cross-border operations.
Amazon will be exiting China and releasing an official statement on the matter this week, as insiders have told Chinese media. Actual date of disclosure is unknown.
Amazon China and NetEase Kaola, a cross-border e-commerce, are negotiating to merge their overseas purchase business. Led by Kaola, the merger might be completed by split-offs.
JD.com logistics CEO Wang Zhen-hui said at 2017 NewGen Logistics World Summit on December 11 that due to consumption, industrial upgrades and technological advancements, the logistics industry is entering a new era defined by short chains, smartness and symbiosis.
The share price of Tencent Holdings (00700.HK) rose by more than 3 percent in early trading on November 21. At 9:53 am, Tencent's market value reached HK $4.128232 trillion, or about US $528.471 billion, surpassing Facebook, whose market value is US $518.346 billion, to become the world's fifth-largest technology company by market value.
Xiaomi is bringing new products to the US market, TechWeb reported on November 20. Its new offerings on Amazon.com include two headsets, a 10,000 mAh portable power bank, a 360-degree panoramic camera and a sweeping robot.
Seven of the Top 10 are Internet technology companies – namely, Apple, Google, Microsoft, Amazon, Facebook, Tencent and Alibaba – have a combined market value of $4.25 trillion, close to Japan's GDP in 2016.
Compliance issues have been an important factor limiting the development of foreign cloud service providers in China.SINNET (SZ. 300383) announced intent to purchase assets related to Amazon's cloud services from Amazon Technology Services (Beijing) for no more than 2 billion yuan on November 13.
On September 25, Starbucks and Alipay announced cooperation. Finally, the Starbucks will accept the payment system at over 2,800 of its cafes across China. “The days that we receive complaints from customers at Starbucks are over.” Alipay declared in its official weibo account. Alipay is available at over 3,200 Starbucks stores worldwide “Do you accept…
Gap of Market Value between Alibaba and Amazon is Just 1.3% Narrowing Nearly 100 Billion Dollars in Past Two Months. By September 22nd, Amazon’s market value was $456.5 billion and Alibaba's was $450.7 billion. Their gap was just 1.3%. Almost two months ago, the gap in market value between these two companies reached $100 billion.…
Can battle-tested and awe-inspiring Amazon and Jeff Bezos beat Alibaba and Jack Ma? A “historical” turning point is seemingly at hand: Alibaba could soon top Amazon in market value. On August 24, by the time the stock market closed, Alibaba’s market value was $445.5 billion, only a limit up away from Amazon’s $455.2 billion. Since…