Tag Archives: Pinduoduo

Alibaba said to push direct online retail model amid increased competition

Alibaba Group Holding plans to introduce a direct online retail model to complement the operations of its flagship platforms Taobao Marketplace and Tmall, according to a Chinese media report, in a move that would bolster its core e-commerce business amid increased competition and weak consumer spending on the mainland.A new …

Read More »

Temasek cuts Alibaba, adds JD, Pinduoduo amid Chinese stock slump

Temasek Holdings trimmed its stake in Alibaba Group Holding last quarter while the stock slumped to new lows, and added Chinese e-c0mmerce rivals Pinduoduo and JD.com to its portfolio, according to its latest 13F filing.The Singapore state investment firm cut its holding in Alibaba’s American depositary shares (ADS) by US$361.6 …

Read More »

Douyin punishes nearly a million content creators, blacklists merchants

Douyin, the Chinese version of TikTok, said it has punished 917,000 content creators and permanently shut down 11,000 online merchants this year, as it moves to create a safe and reliable online shopping environment.The short video app developed by Beijing-based ByteDance, which also owns TikTok, is expanding its presence in …

Read More »