Pinduoduo will subscribe to $200 million in GOME convertible bonds and integrate GOME’s product range, logistics and after-sales customer service with its platform.
Chinese e-commerce giant Alibaba Group's Taobao launched its consumer-to-manufacturer (C2M) system to bring 10 billion orders across China over the next three years.
On Thursday morning, China's debt-ridden Smartisan Technology founder Luo Yonghao officially announced his exclusive partnership with Douyin, ByteDance's domestic version of TikTok.
Smartisan founder Luo Yonghao announced on his Weibo that he intends to enter the live-streaming e-commerce sector.
Chinese e-commerce powerhouse JD.com has approached investment banks including UBS and Bank of America to discuss a second listing in Hong Kong.
In Episode 29 of TechBuzz China, co-hosts Ying-Ying Lu and Rui Ma talk about China’s version of “Black Friday,” the biggest ecommerce shopping festival of the year which Alibaba invented out of thin air in 2008 and now falls yearly on November 11.