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Pinduoduo is facing a growing public backlash and an official investigation into its working practices after the death of an employee in her 20s.
The employee, born in 1998, collapsed…
Read MoreJD.com becomes first online platform to accept digital yuan
Chinese ecommerce giant JD.com Inc on Saturday announced it had become the country’s first platform to accept Beijing’s digital yuan.
The company’s finch arm JD Digits will accept Beijing’s homegrown…
Read MoreAlibaba’s Singles Day sees record peaks of 583,000 orders per second raking in $56bn
Alibaba’s ‘Singles Day’ shopping festival has already smashed records and taken over $56 billion as China’s economy emerges from the pandemic.
The Chinese ecommerce giant has already begun to cash…
Read MorePinduoduo and other major shopping apps allegedly used to launder billions of dollars to offshore accounts
Pinduoduo and other major Chinese ecommerce players are being used to launder billions of dollars to offshore accounts, according to authorities.
Gamblers are using Pinduoduo to bypass strict Chinese capital…
Read MoreAliababa, Amazon, JD.com and Pinduoduo will account for 65% of global online beauty sales over the next 5 years
Alibaba, Amazon, JD.com and Pinduoduo will account for over half of the world’s online health an beauty sales between 2020 and 2025.
Online health and beauty sales are set to…
Read MoreAWS overtaken by Google Cloud Platform in retail | more from Selfridges, JD.com, Nielsen & Waitrose (August 18)
You can read each story in full below:
AWS overtaken by Google Cloud Platform in retail as brands reluctant to work with rival
Waitrose and M&S battle for customers as…
Read MoreJD.com smashes analyst estimates and sees shares rally despite Trump’s Chinese crackdown
JD.com smashed analyst estimates during its last quarter as its self-run logistics operations powered through the pandemic.
In its first quarter since launching its $4 billion secondary listing on the…
Read MoreTikTok ban wipes $75bn of Chinese tech giants including Alibaba and JD.com
TikTok and WeChat’s US ban has wiped $75 billion off the value of Chinese tech giants including Alibaba and JD.com.
Last week Donald Trump announced plans to ban Chinese social…
Read MoreTencent to launch MiniShop function in major challenge to Alibaba and JD.com
Tencent is letting retailers build virtual stores on its wildly popular WeChat platform by themselves for the first time, presenting a major challenge to Chinese ecommerce giants.
The Chinese social…
Read MoreJD.com and Alibaba rake in $130bn during sales event as Chinese economy begins recovery
JD.com and Alibaba raked in more than $130 billion (£104 billion) during the ‘618’ shopping festival in signs that the world’s second largest economy is returning to health.
June 18th…
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