e-commerce platform Archives

Bankruptcy-Haunted Missfresh Empties Products and User Balance in App

All product information on the app of Missfresh, a Nasdaq-listed Chinese retailer, has been emptied out by the firm, and many user balances now display '0'.

Meituan Cooperates With Over 1,100 Apple Authorized Stores in China

On September 8, with the end of Apple's new product launch event, Meituan, a local life service platform, announced that it will continue to work with local Apple authorized stores throughtout China.

Pinduoduo-linked Cross-Border E-Commerce Platform Temu Goes Live

A new e-commerce website and mobile app that bears the same registered address as Pinduoduo went live on September 1, weeks after speculation that the Chinese agriculture-focused technology company will launch a cross-border service.

Luxury E-commerce Platform Secoo’s Shanghai Subsidiary Given Notice of Bankruptcy Filing

On August 25, Shanghai Secoo E-Commerce Co., Ltd., an affiliated company of luxury e-commerce platform Secoo, added a bankruptcy review case.

JD.com: PLUS Members Have Surpassed 30 Million

On August 22, Beijing-based e-commerce company JD.com announced that as of July 2022, the number of "PLUS" members on its platform had exceeded 30 million, making it the largest paid membership system in the industry.

Embattled Luxury E-Commerce Platform Secoo Denies Desertion Reports

It was reported that the headquarters of Secoo, a luxury e-commerce platform based in the center of Beijing's business district and once filled with luxury goods, is now empty. Regarding the concerns, Secoo said such reports were not true.

ByteDance’s Douyin Denies Rumors of Acquiring Missfresh

On August 4, the stock price of Nasdaq-listed retailer Missfresh rose rapidly before the close of trading, posting an increase of more than 160%, amid market rumors that ByteDance's Douyin is considering an acquisition.

Missfresh CEO Xu Zheng Refutes Funding Rumors

On August 2, Xu Zheng, founder and CEO of Missfresh, published a message on his personal social media account that denied rumors that Missfresh, a fresh food e-commerce platform, had a broken capital chain and was unable to operate.

Missfresh Responds to Rumors of Financing Failure and Company Dissolution

Regarding the rumors of dissolution, Missfresh responded on the afternoon of July 28 that under the larger goal of achieving profit, the company adjusted its business and organization.

Chinese Former eBay Subsidiary EachNet.com Announces Closure

Chinese e-commerce firm EachNet.com, which was once owned by eBay, has recently announced that it will cease website operations at 24:00 on August 12, due to the adjustment of its operation strategy.

E-Commerce Platform Missfresh Completes Strategic Financing of $29M

Missfresh, a Chinese fresh food e-commerce platform, announced on Friday that it has reached a strategic investment cooperation agreement with Shanxi Donghui Group, which plans to invest equity worth 200 million yuan ($29.58 million).

Rape Accuser of JD.com’s Richard Liu Asks for Punitive Damages

Last Friday, a Minnesota court held a four-hour hearing in which Liu Jingyao, the accuser, asked for punitive damages from both Richard Liu and Chinese e-commerce giant JD.com. She attended the hearing in person.

Douyin E-Commerce GMV Increased 3.2 Times Year-on-Year

Wei Wenwen, President of Douyin E-commerce, announced that the platform's GMV in the past year increased 3.2 times year-on-year, and that more than 10 billion products were sold.

JD.com Adds New Channel on Official App

Chinese e-commerce giant JD.com has recently completed a makeover of its listed categories, while the company's existing Fashion Home Business channel has been upgraded to the New Department Store channel.

Fast Fashion Platform SHEIN Tops US Downloads for First Time

Cross-border fashion e-commerce company SHEIN is now the most downloaded application in the United States, surpassing other powerhouses like TikTok, Instagram, Twitter, and even Amazon.

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