Topic
Taobao, known as China’s eBay, is the largest e-commerce platform in China operated by the Alibaba Group. Founded in 2003, Taobao encourages consumer-to-consumer retail and mainly caters to buyers in mainland China, Hong Kong, Macau and Taiwan.
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Record US$2.8 billion penalty imposed on Alibaba shows that the government is serious about antitrust regulations and that the platform-based internet economy not only grows, but also benefits ordinary consumers.
Older people have struggled to adapt to living in a society where everything is increasingly done online – prompting the government to intervene to ensure they can still access essential services.
- Collaborations among these Big Tech firms ‘are far from deep’, according to an article by Securities Times
- The call to break more digital barriers in China’s internet industry comes days before Tencent’s Honour of Kings returns to Douyin’s platform
With the help of artificial intelligence, merchants on the Taobao and Tmall platforms are expected to improve their services and attract new customers.
Some merchants have raised concerns that consumers may look to exploit the terms of these ‘refund only’ policies, hitting their operations.
Merchants selling on the short video app Douyin can no longer opt out of the option to instantly refund up to US$211 before receiving returned goods.
The Beijing High People’s Court on Friday ruled that Alibaba ‘abused its market dominance’ and ordered the Taobao and Tmall operator to pay US$141 million in damages.
The two e-commerce giants are taking a leaf out of the playbook of budget online retailer Pinduoduo, which has had that policy in place since 2021.
Alibaba has promoted a younger cohort to lead key Taobao and Tmall operations after the conglomerate’s CEO Eddie Wu took direct control of the e-commerce unit.
Alibaba’s Taobao and cloud units will directly answer to the conglomerate’s CEO, Eddie Wu, as the tech giant seeks to take on budget-focused PDD amid low consumer spending.
The e-commerce giant is reshuffling the top ranks of its most important profit earner since its sweeping restructuring started over half a year ago, as it tries to regroup after its value fell behind rival PDD Holdings.
The move is meant to allow Alibaba (China) Network, established in 1999, to focus on its main businesses, according to filings.
Misconduct in the industry, from fraudulent advertising to misleading pricing, should be addressed and punished, the piece argues, in a sign that government attitude towards the sector may be shifting.
The company has sharpened its focus on a wholesale marketplace, second-hand goods trading platform, office chat app, and search and cloud storage solution
JD.com CEO Sandy Xu Ran will take over leadership of JD Retail from Xin Lijun, the company announced on Wednesday.
The 3.5-hour system breakdown also affected other Alibaba apps such as DingTalk, as well as the company’s cloud storage services.
Two of China’s largest e-commerce platforms have reported growth in sales and order volume during the world’s largest shopping festival, but did not disclose exact sales numbers.
China’s e-commerce giants are counting on bargain-basement prices in their Singles’ Day campaigns to woo consumers who are reluctant to spend in the current uncertain economy.
But business academic Terence Chong warns that Singles’ Day sales will not boost profits of retailers if people opt to buy from mainland Chinese merchants online.
Taobao owner Alibaba tops the list, but a Greenpeace manager says China’s e-commerce giants ‘still don’t do enough’ and may be ‘bottlenecks for progress’.
Pinduoduo sees jump in year-on-year sales during Singles’ Day promotion, although consumers are more focused on essential items amid slow economy.
A group of Chinese live streamers, including top online influencer Austin Li Jiaqi, helped kick off Alibaba’s Singles’ Day campaign this year.
JD.com said its user orders and overall transaction volume grew over four times last year’s figures within 10 minutes of its promotion’s start on Monday. Its campaign runs through November 13.
Apple’s new iPhone 15 handset is being discounted on Chinese e-commerce sites in the run up to Double 11 sales festival and amid stiff competition from Huawei’s Mate 60 Pro.
China’s e-commerce giants are gearing up for the world’s largest online shopping season that kicks off next week, counting on bargain prices to woo penny-pinching consumers.
As China’s retail growth sputters, the country’s e-commerce operators are racing to beat rivals with better bargains in the annual online shopping extravaganza.
Users who click on some advertisements placed on Tencent’s WeChat Channels will be directly taken to Alibaba’s Taobao and Tmall, the companies say.
The move follows similar efforts by other Chinese technology companies to open up their large AI models, following the government’s initial approval last month of commercial ChatGPT-like services.
The proposed ban on imports under US$100 in value won’t be easy to implement. But it may have more to do with next year’s elections than protecting small businesses.
Dongfangzhenxuan, a live-streaming brand under former tutoring giant New Oriental, sold US$13 million worth of goods within 12 hours of its debut on the platform, it said.
Delivery has emerged as the new battleground for China’s e-commerce giants, as they jostle to win local consumers with faster and cheaper shipping services.
