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Mom-and-pop stores beat 11% of Chinese listed companies in profitability

Over 1,000 shops that buy goods on Lingshoutong have made more than RMB 1 million (USD 142,686) in net profits.

2 mins read
  • Wang Xing, founder and chairman of Meituan, seemed to call out Alibaba on social media over the fact Taobao users cannot pay with WeChat.

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    CHINA BRIEF | Meituan removes Alipay for payments as chairman calls out Alibaba

    1 min read

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