Meituan faces a profit squeeze as Chinese regulators order platforms to cut fees to help small businesses.
The removal of Animal Crossing came just days after reports that Hong Kong protestors posted anti-government posters on the game’s simulator.
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 […]
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.
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.
E-commerce players and specialized verticals such as used car platforms are operating their own auction platforms.
Users are buying older iPhones, such as the 6, 6S, and 6S Plus, as well as second-hand models.
More than 500 million users are expected to participate in this year’s promotion.
Its stock price closed at almost one-tenth the value of its $10.49 peak price in December.
Re-commerce, or secondhand shopping, is growing fast in China. But users are finding scams and counterfeits mixed in with the bargains.