China NewsBase
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The China News Database was last updated at 01:45PM today.
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51 articles matching the search query.
Ecommerce is bursting out of China into Southeast Asia and the Middle East
Chinese cross-border ecommerce and supply chain service companies are expanding into the rest of the world and aiming to lead an ecommerce miracle similar to China’s.
With data centers and banking, Alibaba is building a global empire
By diversifying its range of services beyond ecommerce, Alibaba is building on its success in China by venturing into global markets from Asia to the Middle East and Europe.
Did this year’s 618 ecommerce festival pull China out of its consumer slump?
Overall growth rates this year are more muted than in the past, but underlying trends point to changes in consumption patterns in the near future.
An NFT explosion is taking place in China, but how long will it last?
An NFT can be almost anything, cost any price, and be subject to few if any regulations, and everyone from Alibaba to Moutai is joining the wave.
Pinduoduo, the ecommerce platform for Chinese farmers, had a profitable quarter despite the slowing economy
Pinduoduo, a platform that competes with China’s ecommerce king, Alibaba, allows farmers to sell their produce directly to consumers, and it’s making money despite the COVID lockdown slowdowns.
Chinese supermarkets, airlines, and hotels are COVID victims, but ecommerce companies are raking it in
Supermarkets, airlines, hotels, movie theaters, and other businesses dependent on physical human traffic are suffering under China’s COVID-19 lockdowns, but ecommerce companies are raking it in.
With COVID-19 and ecommerce, high-end malls thrive while older shopping centers die
Older malls can’t seem to keep up with the allure of easy online shopping or luxurious new shopping centers.
Tech in Asia - Connecting Asia's startup ecosystem
Alibaba takes on logistics for SMEs: Cainiao, the logistics arm of Alibaba Group, has rolled out a digital end-to-end ecommerce logistics service that includes pickup, warehousing, supply chain, customs clearance, and last-mile delivery.
Shein’s $100 Billion Valuation Would Top H&M and Zara Combined
Shein could be worth about $100 billion, according to a new valuation that would put the fast-fashion startup above the combined worth of top industry vets H&M and Zara.
“i茅台”试运行首日太火爆，1小时622万人次预约申购-36氪
Chinese boozemaker Moutai’s official ecommerce platform iMoutai has launched a trial run. According to Moutai’s Weibo account, more than 6.22 million people registered for the app within an hour.
京东率先建成中国首个“零碳”物流园区
Ecommerce giant JD.com opens a carbon-neutral hub: JD’s Xi’an operation — which uses and stores solar power, and offsets emissions through other means — has become “the first zero-carbon logistics park in China,” according to two different government certifications.
Alibaba is walking a tightrope between Russia and Ukraine
Alibaba’s Russia business is in dire straits following the West’s brutal sanctions. AliExpress, its global ecommerce platform, is the most-visited online marketplace and the most-downloaded shopping app in Russia.
Buoyed by Chinese consumers, L’Oréal defies earnings expectations
L’Oréal, the massive French beauty brand, posted record annual sales in 2021 on the strength of the Chinese cosmetics sector. The company’s future in China is bright as the country’s middle class is expected to expand by over 300 million people this decade.
京东：刘强东将向慈善机构捐赠23.4亿美元股票用于教育、环保，2003年已开始捐资助学-36氪
Ecommerce titan JD.com is staying on the right side of the government in the Year of the Tiger by directing money to “common prosperity” programs: Founder Richard Liu (刘强东 Liú Qiángdōng) will donate $2.34 billion in stock to third-party foundations for education and environmental protection, the company announced.
Why ecommerce livestreaming will survive Beijing’s crackdowns
China’s ecommerce livestreaming industry is now a mainstay in Chinese consumers’ lives. But the government’s latest scourge against celebrity influencers has thrown the booming ecosystem into uncharted territory.
赴港上市前夜 美菜网被爆总部搬迁、裁员40%
It’s not always profitable following government directives in Xi Jinping’s China, Meicai.com has learned. The farm-to-consumer ecommerce company, which is supposed to help farmers sell their goods to middle-class urbanites, has just laid off 40% of its workforce and moved to a much cheaper head office even as it prepares for a Hong Kong IPO.
What will happen to private tutoring? New Oriental’s 2022 game plan
New Oriental Education ($EDU), the largest Chinese tutor on the block, recently posted a year-end summary: Revenues in 2021 decreased by 80%; 60,000 employees were dismissed; and the company lost 20 billion yuan ($3 billion) through such expenses as tuition refunds and severance pay.
Tencent off-loads share in gaming company
Tencent has off-loaded $3 billion worth of shares in the Singapore-based gaming and ecommerce firm Sea, in a move to align its portfolio to match the priorities of Beijing’s “common prosperity” and sustainability push.
China’s Singles Day avoids the limelight
How to run an event centered around rampant consumerism in the age of “common prosperity.” This story is from the SupChina A.M. newsletter — sign up for free here.
36氪独家｜小红书完成新一轮5亿美元融资，投后估值高达200亿美元_详细解读_最新资讯_热点事件_36氪
Social commerce app Xiaohongshu’s valuation is up to $20 billion, doubling within half a year, after raising $500 million from investors including Tencent and Alibaba.
Influencers on steroids: Live-streaming salespeople are the future of social media
A story from the SupChina A.M. newsletter. Sign up for free here.
For Douyin, the grass is greener at competitor Little Red Book
A story from the SupChina A.M. newsletter. Sign up for free here.
China’s Red New Deal: Tracking all the different crackdowns on companies going on right now
Updated October 26: SupChina’s tracker of all of China’s different crackdowns — now affecting 19 different industries or interest groups.
A look inside Shein, the multibillion dollar retail enigma upending the global fashion industry
China’s “most mysterious billion-dollar company,” as one investor put it, has perfected the art of trend-setting through trial and error. But Shein’s tactics and tight lips are not without risk. Here’s what we know about the rising Chinese retail giant intent on taking down Zara.
China’s brick-and-mortar bookstores are making a comeback
Chinese bookshops nearly died under the assault of ecommerce companies, but they are booming again as cultural centers and recreational spaces where books are just one part of the offering.
Pinduoduo is bigger than Alibaba, and its chairman steps down
Pinduoduo is now China’s largest ecommerce platform by annual active users, surpassing Alibaba.
Valium and other meds for sale illegally as online pharmacies boom in China
More and more Chinese people are getting their prescription medicine from online pharmacies, but the young industry has plenty of growing pains.
How China’s ecommerce helped stamp out the pandemic
Apart from strongman politics, China’s logistical networks — ultra-fast, thoroughly diffused, and widely trusted — helped a nation weather lockdown during COVID-19.
