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According to a financial report released by Chinese software as a service (SaaS) provider China Youzan on Wednesday, the company has achieved revenue of 1.176 billion yuan ($184 million) in the first three quarters of this year.
Xiaohongshu, a life-sharing platform, released on Friday a set of Community Guidelines for Businesses, setting out a code of conduct for merchants and brands to keep the platform an authentic space with transparent engagement.
Recently, ByteDance's rival Kuaishou officially launched a new initiative called "Warm Spring Plan 2022". The promotion is an attempt to reduce the impact of the COVID-19 pandemic on Kuaishou's e-commerce merchants.
Alibaba.com, a leading e-commerce marketplace operated by Hangzhou-based internet giant Alibaba, recently launched the "Digital Seaport" program, aimed at helping cross-border merchants better cope with the risks and challenges posed by the pandemic.