Alibaba looks to shore up growth for its core e-commerce business.
Alibaba restructures its local services to better compete with Meituan. Nayuki Tea and Dingdong Maicai go public.
The downsizing follows a round of restructuring earlier this year, as Netease seeks to increase its focus on its two main businesses — e-commerce and gaming.
MissFresh, Dingdong Maicai, two Chinese online grocers, filed for US IPOs. JD.com and its logistic branch are expanding overseas.
The Alibaba restructuring involved fintech affiliate Ant Financial, online travel platform Fliggy, retail, and entertainment units.
Luckin apologized to its employees for the upheaval following its fraud admission in early April, and on the same day removed its CEO and COO.
The law doesn’t just prohibit fake products and reviews on shopping sites like Taobao.
Chinese regulators extended the clampdown on top-earning livestreamers such as “livestreaming queen” Viya and “lipstick king” Li Jiaqi.
Meituan has battled with Alibaba in its core food delivery business for years, following their short-lived friendship.
New retail is no longer fresh now. When Jack Ma first proposed the new retail concept at the company’s annual Yunqi Conference in October of 2016, he said: “There is no e-commerce in the next ten years or twenty years, there’s only new retail.” As a result, almost all businesses began to call themselves new retailers. Some […]