Just after the eight-day National Day golden week, the competition among Chinese e-commerce giants has begun - they are preparing for the upcoming annual Double 11 shopping festival.
Pinduoduo, China’s second largest e-commerce platform by traffic, recently announced that it would establish the “Cloud E-Commerce Alliance of Hairy Crabs in Yangtze River Delta”.
The Covid-19 Pandemic in 2020 has made a huge impact on the global economy and consumer market.
Consumers in China have come to expect e-commerce platforms to be more than just places to buy things.
Pandaily deep dives into a set of employment and consumption statistics to explain how e-commerce penetration is accelerating.
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.
It’s reported that JD has formed a strategic partnership with Kuaishou on e-commerce livestreaming.
Luckin Coffee opened an online store on its app and WeChat mini program, selling a wide range of products at discounted prices.
China's annual Spring Festival is approaching. On January 11, Taobao announced an exclusive e-commerce partnership with CCTV's Spring Festival Gala.
However, when their e-commerce rivals like Alibaba’s Taobao and JD.com were boasting about their inflated GMV numbers during the shopping festival, Pinduoduo took another approach.
Just as Alibaba celebrated their new record of $38.4 billion in GMV on the Singles’ Day shopping festival, rumors questioning the integrity of those numbers surfaced and circulated on Chinese social media platforms.
Alibaba’s annual 11.11 Global Shopping Festival has only just begun and it has already generated $12.0 billion in GMV (84 billion yuan) during the first hour since the event kicked off at midnight.
Alibaba Group kicked off its 2019 11.11 Global Shopping Festival, taking the annual celebration into its second decade with a focus on “new consumption,” “new business” and contributing to a greener society.
Xiaohongshu, one of the world's largest community e-commerce platforms, has been banned from Google's Play Store.
Retail giant Tmall Global launched its first English-language website to attract more merchants and businesses from around the world to join China’s largest cross-border online shopping platform.