Pinduoduo

Founders of Chinese tech giants are relinquishing the CEO title in favor of strategic roles behind the scenes. 

The number of active buyers on Pinduoduo has reached 823.8 million.

The group’s retail business, which targets price-sensitive buyers, is struggling to make money amid fierce competition in the sector.

Tencent doesn’t have a platform to directly rival Alibaba’s Taobao, but it remains relevant in the e-commerce space thanks to WeChat and investments in other e-commerce platforms.

As Pinduoduo has reached the top, the firm is rapidly discovering an unavoidable reality: Holding the lead is much harder than claiming it.

Alibaba is testing a mini program called Taobao Tejiaban, according to media reports.

China’s largest agricultural platform enables more than 12 million farmers to sell products to its more than 788 million active buyers.

JD.com’s 2020 revenues increased 29.3% to USD 114.3 billion.