Starbucks took another step toward evolving the digital customer experience for customers in China by cooperating with Alibaba and launching a smart speaker capable of ordering coffee delivery by voice.
TagE-Commerce
The case regarding where NetEase’s cross-border e-commerce platform Kaola will end up has been closed, as Alibaba acquired the branch for $2 billion.
On August 21, Pinduoduo, an innovative and fast growing “new e-commerce” platform and one of the leading Chinese e-commerce players, announced its unaudited financial results for the second quarter that ended June 30, 2019.
Alibaba Group announced its financial results for the first quarter of the 2020 fiscal year ended June 30, 2019. The Chinese tech behemoth had a strong quarter across the board, beating estimates on revenue and earnings despite the uncertain market conditions due to the US-China trade tensions.
Chinese e-commerce giant Alibaba is in talks with NetEase to acquire its cross-border e-commerce platform Kaola. Once the two agree on final details, Kaola would merge with Alibaba’s cross-border arm Tmall, according to LatePost on Aug. 14.
JD.com, China’s e-commerce giant and retail infrastructure service provider, saw positive results from its second quarter of 2019, according to the newest earnings report released on Aug. 13.
Pinduoduo has been a lone bright spot in what has been a very difficult time for Chinese ADRs listed in the US.
Xiaohongshu, one of the world’s largest community e-commerce platforms, has been banned from Google’s Play Store.
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.
This Tuesday, “Queen of the Internet” Mary Meeker made her presentation onstage at Vox/Recode’s Code Conference in Scottsdale, AZ.
The 15 Chinese brands included in BrandZ’s Top 100 Most Valuable include: Alibaba, Tencent, China Mobile, CBC, Moutai, Huawei, etc.
Alibaba Group, Russian Direct Investment Fund, MegaFon, and Mail.ru Group have built a joint venture to integrate Russia’s key consumer internet and e-commerce platforms and launch a leading social commerce joint venture in Russia and the CIS.
China’s e-commerce giant JD.com’s second-hand commodity trading platform “Paipai” will undergo a strategic merger with China’s largest electronic product recycling platform “Aihuishou”.
During the recent March Quarter 2019 earnings conference call, Alibaba’s Vice Executive Chairman Joe Tsai began by “addressing the elephant in the room”, which is the current US-China trade war.
Twitter and FTChinese.com jointly released Twitter’s Report on Influences of Chinese Brands Going Global 2019, which focuses on high tech, gaming, mobile apps and cross-border e-commerce industries.