Taobao

Going forward, the company must improve its operating efficiency, reduce costs, ensure a strong inflow of cash, and control its cash balance.

To be featured on top livestreams, merchants must pay hefty fees to multi-channel networks.

Viya, one of the most popular livestreamers in China, was fined USD 210 million.

WeChat, Taobao, and Meituan were found to be accessing users’ photos and locations in ways that users deem ‘excessively intrusive.’

The ramifications are multifold, and may significantly reshape how Pinduoduo and ByteDance build their revenue streams and user pools.

China’s e-commerce sector is more cutthroat than ever. To stay afloat, online stores use fake orders, fake reviews, and even fake shipments to boost their online presence.

Consumers are confused by overcomplicated and capricious discount rules, while e-commerce platforms pump up sales during shopping festivals like 618 and Singles’ Day.

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.