Page 39 - Pinduoduo News Today : Breaking News, Live Updates & Top Stories | Vimarsana

China probes takeout firm Meituan over antitrust concerns ZEN SOO, Associated Press FacebookTwitterEmail 5 1of5A Meituan delivery man in yellow goes on his rounds in Shanghai on Wednesday, April 21, 2021. China's market regulator on Monday, April 26, 2021 said it launched an investigation into suspected monopolistic behavior by food delivery firm Meituan, months after it investigated e-commerce company Alibaba as Beijing steps up scrutiny of anti-competitive behavior in the internet sector.Ng Han Guan/APShow MoreShow Less 2of5Meituan delivery men in yellow on the streets of Shang...

: Wednesday, April 14, 2021, 1:42 PM IST TikTok's Zhang Yiming among the world's richest, not far from Pinduoduo's Colin Huang and Alibaba's Jack Ma in case of fortune holobase Over the last few years, Tik Tok has been in news for being banned by the US and Indian market. Due to that move by two markets, the parent company ByteDance suffered huge losses. But that loss did not stop 38-year-old Zhang Yiming from becoming one of the world’s richest. According to a Bloomberg report, the shares of the company in the private market trade is at a valuation of more than $250 billion. Zhang own...

Chinese tech giants JD.com, Meituan and ByteDance rushed to issue public statements disclosing their commitment to do business in compliance with laws, a day after Beijing lectured 34 tech companies about antitrust behaviour in light of Alibaba’s record fine.

By Reuters Staff 3 Min Read (Reuters) - Pinduoduo Inc’s founder Colin Huang Zheng stepped down as chairman on Wednesday, even as the firm overtook rival Alibaba to become China’s largest e-commerce platform by users. FILE PHOTO: The logo of Chinese online group discounter Pinduoduo is seen next to its mobile phone app in this illustration picture taken July 17, 2018. REUTERS/Florence Lo/Illustration The Shanghai-based company reported 788.4 million annual active buyers for the 12 months to the end of 2020, overtaking rival Alibaba Group to become China’s largest e-commerce platform by u...

Alibaba said to launch bargain marketplace Taobao Deals as mini-program on Tencent’s WeChat The Taobao Deals team has already invited merchants to take part in the bargain platform, according to local media The move will see Taobao Deals accept transactions that use online payment service WeChat Pay