Tag: "e-commerce"

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ZTE, JD Form Strategic Partnership For Marketing

ZTE and JD Group announced the signing of a strategic cooperation agreement in New York under which the two parties …

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Tencent Creates Advertising Division In Silicon Valley

Chinese Internet company Tencent is establishing a new advertising division in its Palo Alto office to provide services to American …

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JD Shuts Down Used Goods Platform After Only Four Months

Kumai.jd.com, the second-hand trading platform of JD.com will partially close its e-commerce platform services starting from June 22, 2017. Then …

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Ctrip Eyes Acquisition Of Swedish Travel Company

Chinese leading Internet tourism services provider Ctrip.com is reportedly considering buying Etraveli AB, an online tourism business of the German …

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JD.com Will Now Sell Tires Online

Chinese B2C e-commerce provider JD.com and German tire brand Continental announced a strategic deal to sell tires to e-commerce consumers. …

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Alibaba’s Mobile Advertising Income Reached USD11 Billion In 2016

Chinese e-commerce giant Alibaba Group realized USD11 billion mobile advertising revenue in 2016, accounting for 40.3% market share in the …

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Starbucks Teams With Tencent To Deploy WeChat Payment In Mainland China

Starbucks and Tencent have formed a strategic partnership to deploy WeChat payment in Starbucks stores in mainland China. Starting from …

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EMS Links Its Courier Network To Tencent’s Messaging Services

WeChat and EMSChina Postal Express & Logistics Company Limited announced that they have reached a full strategic cooperation with the Chinese Internet …

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JD, Toutiao Reach Strategic Online Deal

ToutiaoChinese B2C e-commerce website JD.com and social media content platform Toutiao.com announced that the two parties have reached a strategic …

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Short Video Creators Can Now Enjoy CNY1 Billion In Subsidies From Toutiao.com

RMBAttention spans are shrinking, so money to grab eyeballs is increasing. A Chinese online video site is incentivizing online creators …

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Alibaba’s Chief Bets Big On Internet Gambling, Which Is Banned In China

wasting moneyDon’t believe anyone who says Alibaba.com’s founder Jack Ma doesn’t intend to upset the status quo and sense of stability …

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Beibei.com Raises Investment Aimed At China’s Population Boom

babyChinese maternal and baby supplies e-commerce platform Beibei.com completed its fourth round financing of USD100 million. Its investors included well-known …

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China’s Baidu Misses Expectations As Net Profit Crashes 18.9%

Baidu mobile appChinese search engine company Baidu published its unaudited financial report for the first quarter ended March 31, 2016, stating that …

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Who’s To Blame For Apple’s China Closure?

blameApple’s iTunes and iBook users in China the past few days have been unable to access their accounts and data …

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Alibaba Invests USD1 Billion To Control Southeast Asia E-commerce Leader

Asian E-commerceAlibaba Group announced that they will invest USD1 billion to subscribe a controlling stake in Lazada, including about USD500 million …

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China Can Be Deadly For Foreign E-commerce Firms

Asos.cn websiteAsos, a leading fashion e-commerce operator in Great Britain, announced plans to end its China business after less than three …

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Japanese Cosmetics Gain Internet Boost In China Via New Agreement

BioreJD Worldwide, the cross-border online shopping platform of JD.com, reached a strategic cooperation agreement with Japanese daily commodity and cosmetics …

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China’s JD.com Expands Operations To Russia

Russian E-commerceVictor Xu, JD’s president for international business unit, said during an interview that the company will soon launch a brand …

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Consumer Complaints Cause China’s Major Airlines To Dump Qunar.com

Hainan Airlines, China Southern Airlines, and Hainan Airlines’ Beijing Capital Airlines announced that due to large amount of consumer complaints, the three companies decided to close their flagship stores on Qunar.com. All the three airlines said that they received too many complaints, including overcharging fees for refunds or changes; adding extra prices when selling tickets; […]

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Ctrip.com Invests USD180 Million In Indian Peer

Chinese Internet tourism service provider Ctrip.com announced that the company will invest USD180 million in Indian online tourism company MakeMyTrip …

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Another Merger Within China’s Internet Travel Sector

Chinese online tourism service provider Ly.com announced a full acquisition of Shanghai Meichen International Travel Service Co. Ltd. This is reportedly the second Chinese travel agency acquired by Ly.com over the past two months. The first one was Nantong Huihuang International Travel Service Co. Ltd. Founded in 2005, Shanghai Meichen International Travel Service is a […]

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Alibaba’s South China Morning Post Purchase Puts Focus On News Coverage

Chinese e-commerce boss Jack Ma is emulating America’s Amazon.com boss Jeff Bezos, who recently purchased The Washington Post, by purchasing his own media empire in Hong Kong, the South China Morning Post. Alibaba Group Holding Limited says it has entered into a definite agreement to acquire the South China Morning Post and other media assets […]

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HNA Invests USD500 Million In Tuniu.com

Chinese Internet tourism services provider Tuniu.com officially confirmed that Hainan Airlines Tourism Group has made a USD500 million investment in the company. On the completion of the transaction, Hainan Airlines Tourism Group will become the largest shareholder of Tuniu.com with about 24.1% of the shares. Tuniu announced in May 2015 that the company received total […]

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China’s Baidu Is Increasing Its Indian E-commerce Exposure?

Chinese search engine company Baidu reportedly plans to acquire a controlling stake in Mydala.com, a leading e-commerce platform for discounted products in India. According to reports in Indian local media, Baidu expressed an intention to acquire a majority stake in Mydala.com and the investment can reach up to USD100 million, which is about CNY630 million. […]

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Fake Goods Kill Chinese E-commerce Hope

The sale of fake and counterfeit goods in China has finally ended the services of a major online shopping service. Chinese B2C e-commerce operator JD.com announced that they will stop services at Paipai.com on December 31, 2015, and after a three-month transition period the website will be completely shut down by April 1, 2016. Paipai.com […]

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What Chilling Effect Would Alibaba’s Investment Have On Free Media?

The e-commerce giant Alibaba Group is reportedly planning a newspaper investment in Hong Kong’s South China Morning Post, according to multiple reports in Chinese local media. However, neither side has commented on or verified the news. South China Morning Post is reportedly the largest English-language newspaper in Hong Kong, with a circulation of about 110,000 […]

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Chinese E-Commerce Eyes Stability During Year’s Biggest Shopping Day

In the West, today is the remembrance of the end of World War One. But in China, November 11 is Singles’ Day and the entire country has prepared for an online sales onslaught. In 2014, Alibaba posted more than USD9 billion in sales on China’s Singles’ Day. And this year rivals JD.com and Suning hope […]

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Baidu Helps Consummate 3-Way Travel Deal In China

After dancing around each other for years, a deal today marries two of China’s top travel websites. Chinese travel company Ctrip.com International, Ltd. completed a share exchange transaction with search engine Baidu, Inc. in which Baidu has exchanged 178,702,519 Class A ordinary shares and 11,450,000 Class B ordinary shares of Qunar Cayman Islands Limited beneficially […]