China’s Consumers Now Have More Online Shopping Choices as COVID-19 Spurs Decentralization
Pandaily deep dives into a set of employment and consumption statistics to explain how e-commerce penetration is accelerating.
Tag: #ecommerce
Showing 12 of 117 posts with this tag
Kuaishou Set for Its Largest Organizational Restructuring of the Year
Kuaishou, the popular Chinese short-video platform, announced extensive restructuring across its main site, e-commerce, and commercialization operations.
12/8/20233 min read
SHEIN Guangzhou SHEIN Bay Area Supply Chain Phase One Project Commences
SHEIN's Phase 1 project in SHEIN Bay Area of Guangzhou Supply Chain has started construction, with an expected annual export value exceeding 100 billion yuan after all three phases are fully operational.
10/4/20242 min read
Pinduoduo Q3 Financial Figures Exceed Market Expectations
Pinduoduo's revenue reached 68.84 billion yuan in Q3, 2023, a 93.9% increase from the same period last year, nearly doubling, and a net increase of nearly 16.6 billion yuan from 52.281 billion yuan in the second quarter, far exceeding market expectations.
11/29/20234 min read
TikTok E-commerce Sets 400% Growth Target in the United States for 2025
A source close to TikTok's e-commerce revealed that the internal team is very confident in achieving the 400% growth target in the US this year.
2/19/20253 min read
JD.com Might Be Planning Secondary Listing in Hong Kong
Chinese e-commerce powerhouse JD.com has approached investment banks including UBS and Bank of America to discuss a second listing in Hong Kong.
3/16/20202 min read
“More Playful” Pinduoduo Lands on Brandz’s Retail Top 20
The fast rising Chinese retailer Pinduoduo (PDD) has made it to this year’s Brandz Retail Top 20 list for the first time, as well as the brand database’s annual Top 100 Most Valuable Global Brands.
Alibaba Invests $634 Million in Lazada
Southeast Asian e-commerce giant Lazada has received an additional investment of $634 million from its parent company, Alibaba Group.
12/13/20232 min read
Pinduoduo's Temu Sees Explosive Growth in South Korea with Aggressive Marketing Strategies
The number of registered users of Temu in South Korea has increased from 520,000 in August last year to 5.7 million in January this year, nearly tenfold in six months.
2/22/20242 min read
GOME Retail Releases Unaudited Interim Results, Parent Company Experiences Net Loss of 2.6B Yuan
GOME Retail on Monday released its unaudited interim results for the six-month period ended Jun. 30, 2020, showing its parent company experienced a loss of 2.623 billion yuan for the period.
9/1/20202 min read
Temu in Position to Take US Online Shopping by Storm
Following its rapid ascent in the Chinese e-commerce market, seven-year-old Pinduoduo is now trying its hand in the US with the launch of Temu.
10/24/20225 min read
The News States that JD.com Is Going to Sell Tesla Cars
A knowledgeable source revealed that after JD.com launched the Tesla car ordering service, consumers will be able to pay a deposit on JD.com.