E-Commerce Archives

Alibaba Launches E-Commerce Platform Miravia in Spain

Earlier this month, Chinese e-commerce giant Alibaba was reported to be officially launching Miravia, a new e-commerce platform for the Spanish market. A source close to the company confirmed this news.

Alibaba, Tencent and Other Chinese Giants Wound Up in Indonesia

Southeast Asia, as a rapidly developing emerging region, has always been a popular destination for Chinese enterprises to begin their global ambitions. In this region, Indonesia has the largest land area, economic scale and population, so it is often one of the focal points of expanding enterprises.

Debt-Ridden Chinese E-Commerce Firm Suning.com Denies Bankruptcy

Suning.com and its logistics subsidiary became involved in a bankruptcy review case on November 21, triggering rumors about the e-commerce platform that has been struggling with a persistent debt crisis. This report was later officially denied by the company.

World’s Largest Shopping Festival Is Going Green

Around the same time as delegates convened in Egypt for COP27, the world's largest shopping festival "11.11 Global Shopping Festival" also kicked off. While sustainable consumption has long been on the agenda against global warming, challenges still persist.

JD.com to Cut Executive Salary by 10-20%

Richard Liu, the founder of Chinese e-commerce giant JD.com, announced in an email to all employees on November 22 that starting from January 1, 2023, the cash salary of senior managers will be reduced by between 10% and 20%.

Russian E-Commerce Site Ozon to Open Shenzhen Office for Attracting Chinese Merchants

Ozon, one of the first e-commerce companies in Russia, will open a representative office in Shenzhen. The company plans to attract 100,000 Chinese merchants with operations on the platform and expand the transaction volume of goods from the country tenfold by 2024.

Cross-Border E-Commerce Firm Zibuyu Listed in Hong Kong

Cross-border e-commerce company Zibuyu Group was officially listed on the main board of the Hong Kong Stock Exchange (HKEx) on November 11, with Huatai International and ABC International serving as co-sponsors.

JD.com Founder Richard Liu Condemns Firm Executives in Email, Adhering to Low-Price Strategy

Richard Liu, the founder and former CEO of Chinese e-commerce giant JD.com, emphasized that low prices are the core competitiveness of the retail industry.

ByteDance’s TikTok Shop Officially Launched in US

On November 10, news that TikTok Shop will be launched in US was finally confirmed. In order to register for TikTok Shop in the US, merchants will need to use a domestic mobile phone number and email address, or an existing TikTok account. An invitation code is also required.

Gap Sells Greater China Business for $40M

Baozun, an e-commerce solutions provider based in China, announced on November 8 that it had signed definitive agreements to acquire Gap Greater China, the American clothing firm's regional division, in an all-cash transaction of $40 million.

JD.com’s Cross-Border Shopping Platform Joybuy Halts Operations

Joybuy, a cross-border shopping platform owned by Chinese e-commerce giant JD.com, announced on November 4 that it will undergo a series of "business upgrades," while trading on the site has now ceased.

Retailers Obtain Alibaba Support for Attracting Loyal Members During This Year’s 11.11

Alibaba features more than 290,000 brands for the 14th edition of its 11.11 Global Shopping Festival. This year, the internet giant has equipped merchants with tools and solutions to grow their brand loyalty membership programs to help them succeed during and beyond 11.11.

TikTok to Expand E-Commerce Business to US and Spain

Following prior moves in the UK and Indonesia, ByteDance's TikTok is preparing to explore the Spanish e-commerce market, while several US merchants have participated in small-scale tests of TikTok's domestic online shopping platform.

Used Luxury Fashion Platform Plum Bags C Round of Financing Worth $100M

Plum, a used luxury fashion e-commerce platform, announced on November 1 that it had completed a C round of financing worth $100 million. Zhuanzhuan, a Tencent-backed leading used goods trading marketplace in China, made the strategic investment.

Kuaishou Resumes Links to Taobao and JD.com to Boost Double 11 Traffic

Taobao and JD.com, two of China's leading e-commerce platforms, have recently announced the resumption of links connecting them with short video platform Kuaishou, mainly aiming at the annual Double 11 Shopping Festival.

How Alibaba Secures Business Growth Certainty for Merchants During This Year’s 11.11?

Alibaba kicked off the 14th edition of its 11.11 Global Shopping Festival. The Chinese leading e-commerce player equips merchants with tools and solutions to secure business growth certainty for merchants during and beyond 11.11.

JD.com to Shut Down Europe Business and Cut Back in Southeast Asia, Rumors Say

News that Chinese e-commerce giant JD.com's international business operations will undergo major adjustments has recently spread within the company. Certain business units in Europe and Southeast Asia will be most affected by the changes.

Bilibili Launches E-Commerce Livestreaming for Upcoming Double 11 Shopping Festival

Chinese video content platform Bilibili on October 14 officially launched a new online shopping function within the livestreaming part of its homepage, ahead of the country's popular "Double 11" shopping festival.

ByteDance’s Content Aggregator Toutiao Adds E-Commerce Channel Linked to Douyin

An independent shopping channel has been set up within Toutiao, a content discovery platform owned by ByteDance. Users of the new service can purchase goods provided by Douyin's e-commerce business in the shopping channel by inputting keywords and placing an order.

TikTok Aims to Pass 1B Global Daily Active Users, to Start E-Commerce in Brazil

ByteDance's TikTok has set a goal to reach 1.05 billion daily active users (DAUs) globally by the end of 2022. The popular short video platform currently has more than 800 million DAUs.

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