NewsAlibaba sales growth slows in first 10 days of shopping festivalFirst sales data shows that JD.com is already closing in on its 2019 record. 1 min read
86% of online shoppers in China plan to spend the same, if not more than they did in last year’s sales event. NewsKEY STAT | China’s 11/11 shopping event expected to beat 2019 sales record2 mins read
China’s two biggest short video platforms are racing to an IPO. NewsDouyin rival Kuaishou files for Hong Kong IPO, reveals loss of over USD 10 billion in first half3 mins read
As for user accounts, Pinduoduo could overtake Alibaba as soon as next quarter. NewsAlibaba posts better-than-expected earnings but disappoints with tepid user growth2 mins read
NewsDeals in brief: Openspace Ventures leads Series B investment in Fano Labs, Edukita and Happynest bag funding, seven India investment deals, and more