E-Commerce Archives - Page 2 of 21

Temu Blazes E-Commerce Trail With Super Bowl Debut, Canada Expansion

E-commerce platform Temu (pronounced tee-moo) made a big splash at this year's Super Bowl with its commercial, "Shop Like a Billionaire."

Luxury E-Commerce Platform Secoo Stock Price Jumps After ChatGPT Announcement

Secoo, a Nasdaq-listed luxury e-commerce platform, announced on February 6 that it will explore the use of AI-generated content (AIGC) and ChatGPT-related technology. Its stock price soared by 127.55% to $3.80 on this news.

PDD Holdings’ Temu Starts Internal Testing in Canada

More than half of the products offered by Temu, a shopping app owned by Shanghai-based internet giant PDD Holdings, have started internal testing in Canada.

Goods Returning to China’s Cross-Border E-commerce Welcomes Favorable Policies

On January 30, China's three departments jointly issued an announcement on the tax policy for returned goods in cross-border e-commerce. The returned goods will be exempted from import duties, import value-added taxes and consumption taxes.

JD.com Founder Richard Liu Returns to China

Richard Liu, the founder and chairman of Chinese e-commerce giant JD.com, was recently spotted arriving at Beijing Capital International Airport.

JD.com Shrinks E-Commerce Business and Strengthens Logistics in Southeast Asia

Chinese e-commerce giant JD.com has reportedly closed its sites in Thailand and Indonesia. In response to a request for comment by Pandaily, the company's spokesperson said that it will continue to serve global markets, including Southeast Asia, through its supply chain infrastructure.

China’s Logistics Networks Under Strain as COVID Spreads Widely

As COVID-19 cases rise rapidly in China following a loosening of pandemic control measures, the country's logistics networks are now facing unprecedented challenges.

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.

Everything about China's Innovation