China’s “re-commerce market” is predicted to reach RMB 1.25 trillion in 2020 as consumers shop for second-hand goods on online marketplaces.
Emerge is TechNode’s annual conference about emerging trends in China tech. It presents a strategic and forward-looking view of China’s tech sector in English with voices from experts and representatives of leading companies.
Meituan faces a profit squeeze as Chinese regulators order platforms to cut fees to help small businesses.
Re-commerce, or secondhand shopping, is growing fast in China. But users are finding scams and counterfeits mixed in with the bargains.
As Meituan CEO Wang Xing’s right hand man—and college best friend—announces his retirement, TechNode takes a close look back at his career.
Tainiqi Zhu admits that the Chinese market might not be ready for second-hand clothing, but he’s willing to make a bet on its potential. “In mainland China, there’s a problem of trust and communication,” says Mr. Zhu. “And even after you convince someone, you still have to negotiate the price. There’s a huge culture of bargaining.” Mr. […]
For millions stuck in Shanghai, purchasing daily goods has become a hassle. Community group buying has revived, thanks to its flexibility.
Celebrities dominate livestream e-commerce sales pitches in China. But smaller-scale presenters are on the rise.
On Tuesday, Jack Ma officially stepped away from his day-to-day role at the e-commerce giant he created in 1999.
Meituan has grown by beating older companies at their own game—but how long can they last without innovating?