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Alibaba, JD.com, Pinduoduo kick-start Singles’ Day promotions on same day

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Taobao and Tmall Group, Alibaba’s domestic e-commerce business unit, launched at 8pm on Monday the presale stage of its promotion for Singles’ Day –...
Shopping

Alibaba prepares US$5.7 billion war chest for Singles’ Day merchants

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Alibaba Group Holding has earmarked at least 40 billion yuan (US$5.7 billion) worth of resources to help merchants on Taobao and Tmall during the...
Jobs

The Google of Web3? Ant’s Zan blockchain plans to make it happen

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Ant Digital Technologies, a subsidiary of the Chinese fintech giant Ant Group, wants its new Hong Kong blockchain venture Zan to become a major...
Tech

Can China’s Tech Giants Do Without Consumers?

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Earnings reports from Chinese tech companies last week should be a wake-up call for Beijing. Alibaba Group Holding Ltd. and JD.com Inc. pulled out all...
Shopping

Chinese sneakerheads’ favourite shopping app to cut 500 jobs

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Shanghai-based e-commerce app Dewu, a popular option among young Chinese consumers looking for niche brands, will trim its workforce by 5 per cent amid...
Shopping

China’s 618 shopping event brought in sales, but perhaps not profits

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China’s second-biggest online...
Shopping

Huawei tops Apple in sales growth for shopping festival, but iPhone still ahead

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Huawei sales jumped 42.4 per cent during the one-month 618 sales period that started May 20, according to Counterpoint, which attributed the rise to...
Shopping

Chinese e-commerce sales up 14% for 618 shopping festival, report says

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Douyin, the Chinese version of TikTok, led all other platforms with a 26.2 per cent surge in GMV, followed by Pinduoduo’s 17.7 per cent...
Shopping

China’s midyear shopping festival ends with Alibaba, JD.com declaring victory

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Alibaba Group Holding and JD.com touted impressive growth trends but declined to reveal total gross merchandise value (GMV) figures for their midyear 618 shopping...
Shopping

Alibaba’s pro tip to CEOs: live-stream on Taobao to engage consumers

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Alibaba Group Holding is pushing CEOs to live-stream on its domestic e-commerce platform Taobao, as the tech giant ramps up efforts to win back...
Shopping

Pinduoduo heats up online price war during China’s 618 shopping festival

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The novel system, which Pinduoduo rolled out on Wednesday, provides merchants on the platform a fast and intelligent way to “keep pace with ...

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