Further to our report on the merger between Ele.me and Koubei, Alibaba, in the wake of its mixed quarterly results, announced Thursday in its earnings statement to set up a new subsidiary that will ma
Following Didi’s recent move to invest US$1 billion to launch an auto services platform, Alibaba’s Tmall reportedly is setting up a JV with China’s Jingu Group, one of the largest and local listed aft
Pinduoduo (PDD), a recently-listed Chinese e-tailer, announced (link in Chinese) on Wednesday evening that it will close 1,128 of its stores and remove up to 4.3 million of the items on its platform.