e-commerce giant Archives

Ant Group Releases Anti-fraud Report for Most of 2021

Ant Group released its anti-fraud report for the first three quarters of 2021 on Thursday. More than 14,700 volunteers carried out the anti-fraud campaign in thousands of communities and cities around the country.

Chinese Regulators Issue a $2.8 Billion Fine Against Alibaba for Violating Anti-Monopoly laws

Chinese state media Xinhua News reported that Chinese E-commerce giant Alibaba received an ¥18.2 billion(US$2.8 billion) fine earlier on Saturday.

Pinduoduo Launches Mini Program to Crack Down on Fake Milk Formula

China’s second-largest online shopping platform Pinduoduo has launched a mini program on its app that will allow consumers to verify the authenticity of their baby formula products.

Pinduoduo Sees Increasing Revenues and Active Users in Third-Quarter Financial Report

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.

Chinese E-Commerce Platform Pinduoduo Promotes Sales of Local Agricultural Products, Partnering with Box Office Hit

Pinduoduo launched a new section called “High-quality hometown products” in partnership with a recent box office hit movie which features stories between people and their hometowns.

Community Group Buying Becomes New Way to Tame Rising Pork Prices

Chinese e-commerce platforms are thinking about new ways to help consumers obtain cheaper pork. And the online community group buying model is one of the ways.

E-commerce Booms As Chinese Valentine’s Day Comes

Pinduoduo launched its ‘Xixi Festival’ event in celebration of this year’s Qixi Festival, also known as Chinese Valentine’s Day.

Pinduoduo Reports More Active Users in its 2nd Quarter Financial Results

Pinduoduo Inc. continued to add more active users and saw the smallest net loss since IPO, according to its unaudited financial report for the second quarter ending June 30 released Friday.

Pinduoduo Expands Mindshare for Value-Conscious Consumers with Push into Real Estate

Pinduoduo (PDD), a pioneer of interactive ecommerce in China, brought its signature team purchase and value-for-money approach to real estate

What’s Behind Pinduoduo’s Ownership Change

Colin Zheng Huang, the founder of Chinese e-commerce giant Pinduoduo (PDD), has stepped down as CEO and reduced his stake in Pinduoduo stock to 29.4% from 43.3%.

JD.com Seeks Listing Hearing on Thursday, Expands List of Underwriter Banks

JD.com, which plans to list on the Hong Kong Stock Exchange on June 18, is reported to have scheduled a listing hearing on Thursday, May 28.

Ant Financial Invests in Vietnam’s eMonkey

Alibaba’s financial services spin-off, Ant Financial, is said to have acquired a sizable stake in Vietnamese e-wallet eMonkey, according to Reuters.

Alibaba Accused of Faking Singles’ Day GMV Figures

Just as Alibaba celebrated their new record of $38.4 billion in GMV on the Singles’ Day shopping festival, rumors questioning the integrity of those numbers surfaced and circulated on Chinese social media platforms.

Pinduoduo Is Now the Fourth Largest Internet Company in China

On October 25, the stock price of Pinduoduo, a new Chinese e-commerce star, soared by 12.62% to $39.38, reaching an all-time high.

Jack Ma Steps Down With Emotional Speech

At Alibaba’s 20th anniversary celebration in Hangzhou, China, founder Jack Ma stepped down as chairman.

Alibaba Delays Hong Kong Listing Amid Political Protests

Alibaba Group has delayed its much-awaited listing in Hong Kong that could help the company to rake in up to $15 billion.

Pinduoduo Soars During a Rough Period for Chinese Stocks

Pinduoduo has been a lone bright spot in what has been a very difficult time for Chinese ADRs listed in the US.

Tmall Global Launches English Website to Attract Overseas Merchants

Retail giant Tmall Global launched its first English-language website to attract more merchants and businesses from around the world to join China’s largest cross-border online shopping platform.

Alibaba Buys Daraz after Lazada, Now Covering 11 South East Asia Countries

Daraz Group and its parent organization Rocket Internet SE have both announced today that the Chinese e-commerce giant Alibaba Group has acquired Daraz. Alibaba Group acquired the entire share capital from Rocket Internet for an undisclosed amount, making Daraz Group an wholly owned subsidiary under Jack Ma’s empire.

Everything about China's Innovation