Pinduoduo Q2 Sales Miss Estimates, User Growth Slowest Since 2019
Pinduoduo reported second-quarter revenue that missed analyst estimates as the e-commerce company added the fewest number of new buyers since 2019.
8/24/20212 min read
Tag: #e-commerce platform
Showing 12 of 125 posts with this tag
Alibaba's Taobao Marks Banner Year of Philanthropy Efforts
Tech giant Alibaba announced a banner year of philanthropy efforts by its e-commerce subsidiary Taobao in 2018.
Dingdong Maicai Reports Q3 Revenue of $960.6 Million, a YoY Increase of 111%
Dingdong Maicai, a fresh produce e-commerce brand listed in U.S., released its financial report for the third quarter of 2021 on Monday, showing total revenue of 6.2 billion yuan ($960.6 million) during the period.
11/16/20213 min read
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.
8/17/20223 min read
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.
Mogu Inc. Cuts 80% of Technology Workforce
Mogu Inc., a Tencent-backed fashion e-commerce platform, is laying off more than 30% of its staff. Layoffs have rocked China’s tech sector over the past month, affecting some of the country’s biggest tech companies.
12/22/20212 min read
JD.com's Q2 Revenue Reaches 253.8 Billion Yuan, Higher than Market Expectations
JD.com, a Chinese e-commerce platform, released its Q2 financial report on Monday. Its net revenue in the second quarter was 253.8 billion yuan ($139.3 billion), a year-on-year increase of 26.2%.
8/24/20213 min read
China’s Golden Week Ends, Consumption Sector Surges
With an extra day off, Chinese consumers celebrated with a surging demand for travel, snacks and beverages.
10/9/20204 min read
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.
6/29/20225 min read
Alibaba, Tmall and JD.com Report Record Sales of 1 Trillion Yuan on 618 Shopping Festival
This year’s 618 Mid-year Shopping Festival ended Thursday, with record sales of trillions of yuan from multiple online retail platforms.
6/19/20202 min read
How National Chinese Watch Brand Transforms its Sales Model under New Ecommerce Era
Seagull Watch is the world's largest manufacturer of mechanical watch movements, producing one-quarter of total global production by volume.
9/5/20203 min read
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.
11/28/20223 min read