November 12, 2021
JD.com, Alibaba Sales Not Enough To Boost China’s Sluggish Singles...
Record online sales posted by JD.com and Alibaba weren’t enough to buoy a sluggish Singles Day in China, the world’s biggest multi-day shopping extravaganza that typically brings in more sales...
November 11, 2021
Today in Retail: Consumers Spend Billions on Singles’ Day; JD.com...
In today’s top retail news, consumers spent billions at eCommerce merchants during this year’s Singles’ Day event, while Dollar General is partnering with DoorDash to offer on-demand delivery. Also, JD.com...
November 11, 2021
JD.com To Grow Overseas As China’s Tech Giants Look To...
JD.com plans to increase investment overseas, one of its top executives told CNBC, as Chinese e-commerce giants look to tap international users. The technology giant has been less aggressive than...
November 11, 2021
Global Singles’ Day Spending Puts Prime Day to Shame
What started in the 1990s in China as an anti-Valentine’s Day remains the world’s largest shopping day of the year — and though regulatory scrutiny muted some of the Singles’...
November 10, 2021
China’s Whale Cloud Teams With Mexico’s Toka FinTech to Develop...
China-based Whale Cloud, which provides telecommunications software solutions, has partnered with Toka Fintech, based in Mexico, to develop a new digital payment app with Alipay+ Digital Wallet Solution, according to...
November 10, 2021
Chinese Watchdog Summons Alibaba, Meituan For “Unfair Competition”
Chinese market watchdog summoned 16 e-commerce platform operators – including a branch under Alibaba Group Holding, Meituan’s group-buying business, and Vipshop – to warn them against “unfair competition” activities and...
November 10, 2021
Chinese Gaming and Payments Platform Tencent Holdings’ YOY Revenue Growth...
China-based FinTech Tencent Holdings Ltd. cited “new regulatory and macroeconomic developments” as catalysts for the company’s lackluster 3 percent revenue increase in the third quarter of 2021, according to an...
November 09, 2021
International Trade Centre, Alibaba Team to Support MSMEs
The International Trade Centre (ITC) and Alibaba.com will team up for an initiative to help micro, small and medium enterprises (MSMEs) bolster international exports and sustainability, according to a Tuesday...
November 08, 2021
About 5% of Sotheby’s, Christie’s Contemporary Art Auctions Are NFTs
Non-fungible tokens (NFTs) have taken off in 2021 and so have auction houses’ sales of them, with Sotheby’s and Christie’s respectively selling $65 million and $100 million of NFTs this...
