China’s second largest e-commerce company JD.com quietly closed down its office in Melbourne after a little over a year of operation, putting the company’s CEO Liu Qiangdong’s ambitious expansion plans into the southern hemisphere on hold.
Lazada is dominating the mobile shopping realm across Southeast Asia. App analytics and market data platform “App Annie” named it the number-one shopping app in Southeast Asia.
The U.S. e-commerce giant Amazon is negotiating with TuSimple, a Chinese self-driving truck company, about acquisition details, people familiar with the matter told Tmtpost.
Amazon will close its domestic e-commerce marketplace business in China, effective from July 18. The company will keep running other business sections in China, including Amazon Web Services, Kindle e-books, and cross-border operations.
Alipay, the world’s leading payment platform, today announced a new agreement with Barclaycard, a multinational credit card and payment services provider that processes nearly half of the UK’s credit and debit card transactions.
Pinduoduo released its full-year financial report on Mar. 13. The Shanghai-based Chinese e-commerce company, which has been likened to Groupon, exceeded market expectations in terms of revenue but missed earnings estimates.
JD.com, China’s leading technology driven e-commerce company and retail infrastructure service provider, announced its financial results for the forth quarter and full year of 2018.
On Jan. 31, Alibaba Group announced its financial results for the quarter ended on December 31, 2018. For the past quarter, Alibaba has achieved a revenue of $17,057 million, with a 41 percent year-on-year growth.
A bug with the Pinduoduo’s discount vouchers that value up to tens of millions of yuan flooded into the public.
“It was the best of times, it was the worst of times…” — Charles Dickens