ALU

e-commerce

Slow growth aside, Singles’ Day displayed its value to China retail

Slowing retail growth and competition from other shopping festivals took toll on China’s Singles’ Day. Original Link

New Retail tech is backbone of Singles’ Day for Alibaba

Double 11 will showcase New Retail technology like never before, in stores and warehouses, both in China and abroad. Original Link

Interview: The Foschini Group CIO Brent Curry

In this episode of the podcast, Duncan McLeod interviews Brent Curry, chief information officer of The Foschini Group, about the launch of a new online marketplace called myTFGworld.com. Original Link

Briefing: JD.com’s cosmetics unit regrets sexist PR gaff

E-commerce company’s attempt at humor considered tone deaf as CEO faces rape allegations. Original Link

Cute or cult? Inside Alibaba’s curious nickname culture

Mythical monikers among employees add a dash of fun to Alibaba culture, but some see a darker side. Original Link

Briefing: Jinri Toutiao quietly launches another e-commerce app

Zhidian offers products including home & living, clothing, kitchen utensils, food & beverage, and car products. Original Link

Briefing: JD plans to open 1000 brick and mortar stores across China

JD is increasing its offline stores only after Alibaba’s own offline store Hema showed positive results. Original Link

Briefing: Taobao launches standalone short video app

Product listings can be added to videos, allowing users to buy the merchandise once they have viewed it. Original Link

Briefing: Chinese e-commerce portal Yunji Weidian heading for an IPO

The industrial and commercial authority of Hangzhou fined the company last year over allegations of using pyramid schemes to grow. Original Link

Xinhua highlights clauses in China’s new e-commerce law

According to the terms, platforms shouldn’t delete negative reviews on its products or it can face fines up to RMB 500,000. Original Link

How Pinduoduo did in three years what took Taobao five

What took Taobao five years, and JD.com 10 years, Pinduoduo has achieved in only three years. Original Link

Behind the fakes: Pinduoduo is leading the way for low-income consumption

The debates on Pinduoduo’s business operation and products are casting a critical light on China’s retail business development as well as legal principles. Original Link

Pinduoduo said to hike share price by over 20% prior to IPO

Social e-commerce platform Pinduoduo’s (拼多多) share price has been set at $22.80 ahead of its US initial public offering (IPO) tomorrow (July 26), giving it a market value of  $28.8 billion, according to local media.

The company’s submission to the Securities and Exchange Commision in the US shows shares were expected to be priced between $16 and $19. However, due to oversubscription, sources say the company decided to raise the price.

Pinduoduo, which was founded in 2015, has quickly become one of the fastest growing e-commerce giants in China. As of April 2018, the company had over 300 million users. In 2017, the three-year-old e-commerce startup’s gross merchandise volume (GMV) exceeded RMB 100 billion–a point that took Taobao five years and JD 10 years to reach.

The company was rumored to have received funding to the tune of $3 billion from Tencent and Sequoia Capital in April. Pinduoduo was of strategic importance to Tencent, which has been expanding into online retail.

Its success has primarily been due to its cheap products and target market. The company mainly focuses on lower-tier cities and low-income users, who have mostly gone ignored by tech giants until recently.

However, despite the company’s quick rise, it has not been immune to controversy. In June, Pinduoduo faced backlash from store owners over who believed it had executed improper standards when evaluating their products after the company conducted a quality audit. The company froze the accounts of shops whose products were deemed to be of low quality. The move eventually led to protests at the company’s office in Shanghai.

Original Link

Pinduoduo said to hike share price by over 20% prior to IPO

Social e-commerce platform Pinduoduo’s (拼多多) share price has been set at $22.80 ahead of its US initial public offering (IPO) tomorrow (July 26), giving it a market value of  $28.8 billion, according to local media.

The company’s submission to the Securities and Exchange Commision in the US shows shares were expected to be priced between $16 and $19. However, due to oversubscription, sources say the company decided to raise the price.

Pinduoduo, which was founded in 2015, has quickly become one of the fastest growing e-commerce giants in China. As of April 2018, the company had over 300 million users. In 2017, the three-year-old e-commerce startup’s gross merchandise volume (GMV) exceeded RMB 100 billion–a point that took Taobao five years and JD 10 years to reach.

The company was rumored to have received funding to the tune of $3 billion from Tencent and Sequoia Capital in April. Pinduoduo was of strategic importance to Tencent, which has been expanding into online retail.

Its success has primarily been due to its cheap products and target market. The company mainly focuses on lower-tier cities and low-income users, who have mostly gone ignored by tech giants until recently.

However, despite the company’s quick rise, it has not been immune to controversy. In June, Pinduoduo faced backlash from store owners over who believed it had executed improper standards when evaluating their products after the company conducted a quality audit. The company froze the accounts of shops whose products were deemed to be of low quality. The move eventually led to protests at the company’s office in Shanghai.

Original Link

Pinduoduo said to hike share price by over 20% prior to IPO

Social e-commerce platform Pinduoduo’s (拼多多) share price has been set at $22.80 ahead of its US initial public offering (IPO) tomorrow (July 26), giving it a market value of  $28.8 billion, according to local media.

The company’s submission to the Securities and Exchange Commision in the US shows shares were expected to be priced between $16 and $19. However, due to oversubscription, sources say the company decided to raise the price.

Pinduoduo, which was founded in 2015, has quickly become one of the fastest growing e-commerce giants in China. As of April 2018, the company had over 300 million users. In 2017, the three-year-old e-commerce startup’s gross merchandise volume (GMV) exceeded RMB 100 billion–a point that took Taobao five years and JD 10 years to reach.

The company was rumored to have received funding to the tune of $3 billion from Tencent and Sequoia Capital in April. Pinduoduo was of strategic importance to Tencent, which has been expanding into online retail.

Its success has primarily been due to its cheap products and target market. The company mainly focuses on lower-tier cities and low-income users, who have mostly gone ignored by tech giants until recently.

However, despite the company’s quick rise, it has not been immune to controversy. In June, Pinduoduo faced backlash from store owners over who believed it had executed improper standards when evaluating their products after the company conducted a quality audit. The company froze the accounts of shops whose products were deemed to be of low quality. The move eventually led to protests at the company’s office in Shanghai.

Original Link

Pinduoduo said to hike share price by over 20% prior to IPO

Social e-commerce platform Pinduoduo’s (拼多多) share price has been set at $22.80 ahead of its US initial public offering (IPO) tomorrow (July 26), giving it a market value of  $28.8 billion, according to local media.

The company’s submission to the Securities and Exchange Commision in the US shows shares were expected to be priced between $16 and $19. However, due to oversubscription, sources say the company decided to raise the price.

Pinduoduo, which was founded in 2015, has quickly become one of the fastest growing e-commerce giants in China. As of April 2018, the company had over 300 million users. In 2017, the three-year-old e-commerce startup’s gross merchandise volume (GMV) exceeded RMB 100 billion–a point that took Taobao five years and JD 10 years to reach.

The company was rumored to have received funding to the tune of $3 billion from Tencent and Sequoia Capital in April. Pinduoduo was of strategic importance to Tencent, which has been expanding into online retail.

Its success has primarily been due to its cheap products and target market. The company mainly focuses on lower-tier cities and low-income users, who have mostly gone ignored by tech giants until recently.

However, despite the company’s quick rise, it has not been immune to controversy. In June, Pinduoduo faced backlash from store owners over who believed it had executed improper standards when evaluating their products after the company conducted a quality audit. The company froze the accounts of shops whose products were deemed to be of low quality. The move eventually led to protests at the company’s office in Shanghai.

Original Link

Taobao’s price-for-quality Taobao Xinxuan opens second physical store in Shanghai

Taobao’s price-for-quality Taobao Xinxuan opens second physical store in Shanghai · TechNode

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JD is delivering more than just goods: Its infrastructure is also for sale

JD is delivering more than just goods: Its infrastructure is also for sale · TechNode

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JD is delivering more than just goods: Its infrastructure is also for sale

JD is delivering more than just goods: Its infrastructure is also for sale · TechNode

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JD is delivering more than just goods: Its infrastructure is also for sale

JD is delivering more than just goods: Its infrastructure is also for sale · TechNode

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Google invests $550 million in JD.com strategic partnership with overseas focus

Google invests $550 million in JD.com strategic partnership with overseas focus · TechNode

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Pinduoduo in disputes with store owners after quality crackdown

Pinduoduo in disputes with store owners after quality crackdown · TechNode

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WeChat launches new shopping function that lets you shop on JD.com with just a few clicks

WeChat launches new shopping function that lets you shop on JD.com with just a few clicks · TechNode

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China’s online censorship makes its way to e-commerce as Pinduoduo cleans up

China’s online censorship makes its way to e-commerce as Pinduoduo cleans up · TechNode

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China’s e-commerce infrastructure behind Malaysia and Thailand: Economist Intelligence Unit

China’s e-commerce infrastructure behind Malaysia and Thailand: Economist Intelligence Unit · TechNode

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