Consumer Economy

Offline businesses are losing out as the country is in 21-day lockdown.

The State Post Bureau expects the volume of express delivery to rise in 2020 despite the pandemic outbreak fallout.

Pinduoduo is currently mired in heavy financial losses.

This follows MatchMove’s recent announcement to bid for a digital full bank license in .

This move comes after the firm’s net income in the fourth quarter of last year decreased by 42.9% year-on-year.

Forrester projects the e-retailers to grow by 5% this year in the best-case scenario, as compared to about 26% growth they enjoyed last year.

Seven museums each had around an hour to give viewers an online tour experience

Pinduoduo employees have reported a ban from Alibaba to use Taobao’s Juhuasuan, while Alibaba says that it will not allow violation of the platform’s terms.