TikTok’s parent company ByteDance announced the creation of its new Department of E-commerce Business on the eve of 618 Shopping Festival.
Pinduoduo, China’s third largest e-commerce platform is making efforts to diversify its business by launching new services.
In May 2019, SF adjusted its product strategy to increase business volume and launched new products specifically designed for the e-commerce market and customers.
Tmall, China’s largest B2C platform under Alibaba Group, formed a strategic partnership with U.S.-based VF Corporation on June 13.
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.
Alibaba's financial report for the past quarter (January 1 to March 31, 2018), and for the fiscal year of 2018 has just been published by Alibaba Group Holding Limited (NYSE: BABA) today.