Page 2 - Pinduoduo News Today

TECH NEWS News: Temu suspends voucher campaign in England and France over data use worries. Despite success in France, halted due to client data misunderstanding. Dat

As e-commerce has exploded in China, so have sales of fake goods and deceptive advertising practices.

Chinese regulators have stepped up scrutiny of online attacks targeting domestic entrepreneurs, as Beijing looks to restore private-sector confidence to revive a sluggish post-Covid economy.

J&T Global Express made US$58.8 million in gross profit in China while fending off fierce competition from SF Express, STO Express and YTO Express.

Some favorable Chinese economic data lifted sector stocks today.

This high-growth Chinese e-commerce company still has plenty of room to grow.

For the December quarter, the Chinese e-commerce giant reported revenue grew just 5% year-over-year, while net income plunged 70%.

The Chinese consumer-price index dropped 0.8% year over year in January, the biggest fall since the 2008-09 financial crisis.

The 2023 Notorious Markets List identifies 39 online markets and 33 physical markets that are reported to engage in or facilitate substantial trademark counterfeiting or copyright piracy.

A Temu spokesperson on Thursday confirmed the companys plans, which was first reported in Chinese media. The company declined to provide additional details, saying that "many of the business details are still in the process of being finalized."