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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.
Chinese market regulators on Monday issued a 3 million yuan ($464,000) fine to online discount retailer Vipshop Holdings Ltd for unfair competition.
The Or Foundation, a US and Ghana-based not-for-profit organization, and SHEIN, an online retailer of fashion and lifestyle products, on Tuesday announced a multi-year agreement which will launch SHEIN’s Extended Producer Responsibility Fund.
Police in China revealed a scheme where gambling operators used fraudulent online fronts and delivery tracking numbers to create e-commerce records and disguise illegal money flows.
Chinese online retailer Jumei announced on Feb. 25 that it has accepted a merger deal with Super ROI Global Holding Limited (Parent) and Jumei Investment Holding Limited (Purchaser).
Chinese online retailer Vipshop reported sliding revenues and profit in the first quarter of 2020 as the COVID-19 pandemic disrupts logistic services and supply chains.
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.