E-commerce

Online sales for food and daily goods increased while clothing fell by 15% year-on-year in Q1 2020.

The share price of Ruhnn, the celebrity incubator also involved in the scandal, dived 6.3%.

E-commerce companies had already begun to set things in order to start delivering non-essential products from this week.

Pinduoduo will subscribe to USD 200 million in convertible bonds to be issued by Gome as part of the partnership.

Companies cut marketing and halt expansion to stay afloat.

65% of one brand’s products were sold after just four days.

Livestreaming isn’t just for entertainment anymore.

Mid and late-stage companies might feel the worst blow of this global healthcare crisis.