online retailer Archives

The Or Foundation and SHEIN Lay Groundwork for Global Change With Producer Responsibility Fund

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.

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.

China Regulator Fines Vipshop 3 Million Yuan for Unfair Competition Following Probe

Chinese market regulators on Monday issued a 3 million yuan ($464,000) fine to online discount retailer Vipshop Holdings Ltd for unfair competition.

Police Uncover Elaborate Gambling Scheme Targeting E-commerce Platforms

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.

Vipshop Q1 Revenue Drops Amid COVID-19 Pandemic but Still Beats Estimates

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.

Jumei Youpin Goes Private, To Be Delisted From NYSE by Q2 2020

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).

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