E-commerce Tag

28 Mar Alibaba’s AliExpress eyes European success with Euro2024 football sponsorship, after rival Temu cracked US market with Super Bowl ads

Posted at 11:00h in Asia

Alibaba Group Holding’s international e-commerce platform AliExpress is betting on a European market breakthrough by sponsoring this year’s European Football Championship, or Euro 2024, a move that comes after its rival Temu cracked the US market through ads that ran in the Super Bowl.AliExpress is...

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28 Mar China’s short video and live streaming sector still growing, with more than 15 million hosts, as online shopping fuels demand

Posted at 10:00h in Asia

The CNSA estimated this e-commerce segment was already worth hundreds of billions of dollars on the mainland. The state-run body reports to the National Radio and Television Administration (NRTA), China’s broadcasting regulator. 02:50China’s live-streaming industry heats up as millions of would-be hosts vie to break into...

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27 Mar Alibaba’s logistics unit Cainiao to double year-end bonus for employees, in morale-boosting move after scrapped IPO

Posted at 09:30h in Asia

Hangzhou-based Cainiao will launch an “entrepreneurship incentive plan” that will double the bonus pool allocated for the financial year ending March 31, 2025, according to company chief executive Wan Lin in excerpts from an internal letter seen by the South China Morning Post.That means employees...

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26 Mar ByteDance-owned Douyin launches stand-alone shopping app in China, heating up the competition against Alibaba, JD.com, PDD

Posted at 13:30h in Asia

Douyin Mall was launched last week as a downloadable app for Android users in mainland China, the world’s largest smartphone market. An Apple iOS version of the app was not released as of Tuesday.The new app serves “as an extension of the Douyin platform, designed...

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26 Mar Alibaba connects Taobao and 1688 to tap new users as fierce e-commerce competition ratchets higher

Posted at 13:25h in Asia

Alibaba Group Holding is integrating the services of its online wholesale marketplace 1688 with its flagship consumer shopping platform Taobao, as the e-commerce giant continues to consolidate assets amid internal restructuring and rising competition.Taobao has recently featured three online stores under the 1688 name as...

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23 Mar Indonesian logistics giant J&T turns first profit in China, making up bulk of its revenue, despite price war

Posted at 10:00h in Asia

Indonesian logistics company J&T Global Express reported its first annual profit in China despite an escalating industry price war in its first earnings report since going public in Hong Kong last October.The company recorded a gross profit of US$58.8 million and adjusted earnings before interest,...

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22 Mar Alibaba suspends operations at LST platform as consolidation moves continue apace

Posted at 13:00h in Asia

The platform will continue to process orders that have already been placed as well as provide after-sale services, according to the LST message.Alibaba brings 5-day delivery to the US in race against Shein, TemuLST is a project under Alibaba’s e-commerce unit Taobao and Tmall Group...

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20 Mar Discount e-commerce giant PDD beats quarterly revenue estimates as Temu shines

Posted at 11:58h in Asia

Discount e-commerce giant PDD Holdings beat estimates for fourth-quarter revenue, driven by robust user growth and sales at its global platform Temu.PDD on Wednesday reported revenue of 88.88 billion yuan (US$12.35 billion) for the three months to December 31, compared with an average analyst estimate...

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20 Mar Alibaba-backed Moonshot AI claims breakthrough in expanded Chinese-character prompt for Kimi chatbot

Posted at 11:00h in Asia

Chinese artificial intelligence company Moonshot AI claims that its Kimi chatbot can now handle up to 2 million Chinese characters in a single prompt – the instruction or query a user enters into the interface of a ChatGPT-like service – to surpass the capabilities of...

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19 Mar Chinese flying taxi maker EHang sells autonomous passenger drone for US$332,000 on Taobao as nation’s low-altitude economy takes off

Posted at 12:00h in Asia

The ambitious domestic and international marketing campaigns show EHang’s confidence in generating strong market demand, months after its self-developed EH216-S became the world’s first recipient of a Type Certificate and Standard Airworthiness Certificate for pilotless eVTOLs. Those certifications were issued last October and December, respectively,...

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