Meituan faces a profit squeeze as Chinese regulators order platforms to cut fees to help small businesses.
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Posted inWith Chinese Characteristics
Taobao removes Animal Crossing listings from its marketplace
The removal of Animal Crossing came just days after reports that Hong Kong protestors posted anti-government posters on the game’s simulator.
Posted inNews
JD is starting a second-hand e-commerce service “Paipai”
Chinese e-commerce behemoth JD officially released the “Paipai second-hand (拍拍二手)” brand, Chinese media 36kr is reporting. As the second-hand e-commerce market is growing bigger and seeing its arch-rival Alibaba’s second-hand e-commerce Xianyu is doing well in the sector, JD is making a move into the burgeoning but risky market. Paipai has built-in automatic valuation system to help […]
Posted inWith Chinese Characteristics
China’s NFT market: Who are the major players, and what makes them different?
NFT market is also bustling with new projects in China. That may come as a surprise for people familiar with China’s strict crypto policy.
Posted inUp and Comers
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.
Posted inHeavy Hitters
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.
Posted inHeavy Hitters
Briefing: Chinese iPhone users part of the country’s “invisible poor”
Users are buying older iPhones, such as the 6, 6S, and 6S Plus, as well as second-hand models.
Posted inHeavy Hitters
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.
Posted inUp and Comers
Used car platform Uxin shares plunge after report urges ‘race to the exits’
Its stock price closed at almost one-tenth the value of its $10.49 peak price in December.
Posted inHeavy Hitters
China re-commerce faces tug of war between growth and trust
Re-commerce, or secondhand shopping, is growing fast in China. But users are finding scams and counterfeits mixed in with the bargains.
