Alibaba names its CEO to lead e-commerce business to drive growth
China’s Alibaba Group says its CEO, Eddie Wu, would lead its core e-commerce business as the company seeks to boost growth and fend off fast-growing...
Source: dailysabah.com
Page 7 - Pinduoduo News Today : Breaking News, Live Updates & Top Stories | Vimarsana
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Temu sued Shein for anticompetitive practices with suppliers
Temu says Shein used mafia-style intimidation tactics to get suppliers to work exclusively for Shein
Source: qz.com
JD.com founder says firm is 'bloated', as China e-commerce giants face pressure, ET Retail
JD.com and rival Alibaba have long been China's top e-commerce firms, but both have seen increasing competition this year from lower-priced rivals PDD Holding's Pinduoduo and ByteDance's Douyin as wary consumers, faced with macroeconomic headwinds in China, hold tight to their purse strings.
Source: indiatimes.com
Amazon doubles down on China e-commerce strategy as rivals Shein, Temu gain traction
American e-commerce giant Amazon has introduced a slew of initiatives to help Chinese merchants sell abroad, at a time when rivals like Shein and Temu are gaining traction.
Source: scmp.com
Jack Ma's Biggest E-Commerce Rival Is Coming for Amazon
(Bloomberg) -- Jack Ma essentially invented the e-commerce business in China by co-founding Alibaba Group Holding Ltd. and steering it to the top of the country’s private sector. But a couple weeks ago, the celebrated entrepreneur called out a little-known rival for outpacing his brainchild and becoming a role model for the tech industry.Most Read from BloombergPenn Leaders Out After Genocide Response, Alumni PressureGlobal Rate-Cut Standoff Looms in 2023 Policy FinaleBig Tech’s Ability to Deliv
Source: yahoo.com