Alibaba-owned second-hand goods marketplace Idle Fish boasts 1.3 million interest-based communities, a key sales driver.
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Briefing: Alibaba-backed used goods platform Idle Fish investing in content
The used goods resale sector has had its share of problems including counterfeit goods, merchandise quality, and even legal issues concerning the sale of endangered animals.
Briefing: Alibaba’s e-auction unit sales exceeded RMB 500 billion in 2018
E-commerce players and specialized verticals such as used car platforms are operating their own auction platforms.
Alibaba eyes lower-tier, overseas markets to power Singles Day growth
More than 500 million users are expected to participate in this year’s promotion.
JD.com merges used goods platform Paipai with Aihuishou in recycling push
The new entity will expand into used book and home appliance sales.
Douyin rival Kuaishou refocuses overseas, Brazil DAU surges to 3 million
Intense competition in China’s short video segment is pushing companies to seek growth in overseas markets.
Briefing: Live-streaming platform Huya to raise $343 million in new share offering
Huya intends to use the funds on its content ecosystem and e-sports partners.
Alibaba doubles quarterly net profit thanks to e-commerce and cloud
Alibaba revenue surges 42% on the year in the quarter ended June 30.
Briefing: JD.com to accelerate expansion to lower-tier cities in 2019
Lower-tier cities represent a new opportunity for Chinese e-commerce giants like JD.com and Alibaba.
China opens anti-trust investigation against Ericsson as 5G race heats up
Chinese regulators are investigating complaints against Ericsson for breaking anti-trust rules in its licensing practices for 3G and 4G technology.