e-commerce platform Archives

Meituan’s Community Grocery Unit to Conduct New Round of Adjustments

On May 15, it was reported that Meituan Youxuan, the community e-commerce business unit, will begin a new round of adjustments recently.

JD Retail Initiates Major Organizational Transformation

Leading Chinese e-commerce company JD.com's retail business is undergoing a major organizational change to respond to development in the increasingly competitive environment.

Temu’s Next-Gen Manufacturing Seeks to Drive Down Prices for Consumers by Reducing Waste

Temu has been in the media spotlight since its launch in the US last September. The online marketplace, which is known for its wide selection of quality and affordable merchandise, has since expanded to Canada, Australia, and New Zealand in quick succession.

Chinese E-Commerce Site JD.com Sells Pfizer’s COVID Pill Paxlovid

Many places across China are now facing a dramatic spike in COVID-19 infections. Due to the increasing number of patients with severe symptoms, market demand for drugs such as Paxlovid and Azvudine has soared.

PDD Says It Needs to Invest More on Innovation, Warns Profit Levels Not Sustainable

PDD Holdings, the multinational commerce group that operates the Pinduoduo and Temu platforms, said that it’s unlikely to sustain current profitability with planned increases in technology investments amid intense industry competition.

ByteDance’s Womenswear Retail Platform If Yooou Faces Crisis

In late September, Beijing-based tech giant ByteDance announced a new online retail platform called "If Yooou." However, recent data shows that it has experienced a "[web] traffic crisis."

Is Pinduoduo’s US Sister Site Temu Too Good To Be True? I Decided To Find Out.

Temu sprang onto the US e-commerce scene with a bold claim that it can deliver quality products at affordable prices for just about any budget. Yes, that’s right - "quality" and "affordability" in the same sentence.

Fast Fashion Retailer SHEIN Unveils Official Resale Platform SHEIN Exchange

SHEIN, an online retailer of fashion and beauty products, on October 17 announced the launch of SHEIN Exchange, an integrated online peer-to-peer resale destination to buy and sell previously owned products bought on the site.

Kuaishou Adjusts E-Commerce and Commercialization Teams

Kuaishou's e-commerce and commercialization divisions are preparing for the upcoming Kuaishou November 6 (116) Shopping Festival, and the effect of this round of adjustments will also appear after the shopping event.

Shein Launches Women’s Underwear Retail Platform Luvlette

Fast fashion giant Shein is constantly hatching new brands and building an expansive business matrix. This year, the firm launched and promoted an underwear brand called Luvlette.

Pinduoduo’s US Sister Site Temu Gaining Fans by Making Online Shopping Fun Again

US online marketplace Temu is receiving effusive praise from consumers who found shopping on the e-commerce platform fun and uplifting.

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.

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