online retailer

Chinese E-Commerce Businesses Turn to Other Platforms in Wake of Amazon Ban

Many Chinese cross-border e-commerce companies are planning to reduce their reliance on Amazon in anticipation of increasingly stringent regulations, according to the Shenzhen Cross-Border E-Commerce Association.

Beleaguered Retail Group Suning.com receives a $1.4bn State-Backed Investment

On Monday, Suning.com, the retail arm of Suning Group, announced that two state-backed investors took the lead to establish the second phase of Jiangsu Xinxin Retail Innovation Fund, which would acquire 16.96% equity of Suning.com at a price of 5.59 yuan per share, marking the latest move by China to rescue debt-ridden conglomerate.