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

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

Can China’s Tech Giants Do Without Consumers?

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...

Chinese sneakerheads’ favourite shopping app to cut 500 jobs

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...

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

China’s second-biggest online...

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

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...

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

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...

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

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...

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

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...

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

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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