E-commerce

In a letter to employees, Sorabel informed that it will be closing its operations by July 30.

Chen, also a founding member of Pinduoduo, had been involved in operational decisions while serving as the company’s chief technology officer since 2016.

E-commerce companies are preparing to bolster their supply chain ahead of the festive season sale in the country.

Walmart pumped in USD 1.2 billion in Flipkart, at a valuation of USD 24.9 billion this month.

The hardware will be based on Alibaba’s XuanTie processors.

Lurking beneath Taobao lies a hidden informal economy for services.

The third in a three-part series explores where the company is heading.

Pinduoduo’s aggressive discounts are enraging some big brands who are reluctant to give up control over brand image and pricing strategy.