Further to our report on the merger between Ele.me and Koubei, Alibaba, in the wake of its mixed quarterly results, announced Thursday in its earnings statement to set up a new subsidiary that will ma
Following Didi’s recent move to invest US$1 billion to launch an auto services platform, Alibaba’s Tmall reportedly is setting up a JV with China’s Jingu Group, one of the largest and local listed aft
Pinduoduo (PDD), a recently-listed Chinese e-tailer, announced (link in Chinese) on Wednesday evening that it will close 1,128 of its stores and remove up to 4.3 million of the items on its platform.
China’s latest published Internet Development Status Report highlighted further growth yet again in the number of Chinese netizens. China has officially surpassed the 800 million mark, with an i
