Pinduoduo

New Business

JD.com launches gifting feature to compete with Alibaba, Tencent ahead of Lunar New Year

Chinese e-commerce platform operator JD.com on Friday introduced a gifting feature on its mobile app, joining rival Alibaba Group Holding…

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New Business

TikTok parent ByteDance denies its secret algorithms create filter bubbles

An executive from Chinese social media giant ByteDance played down the role of its content-recommendation algorithms in creating so-called filter…

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New Business

Opinion | China will rein in vicious competition at the root of its overcapacity

The Chinese economic miracle occurred on a far greater scale than even the most experienced observers could have imagined. It…

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New Business

PDD’s Chinese-American billionaire investor Duan Yongping heaps praise on Temu

Chinese-American billionaire and low-key entrepreneur-investor Duan Yongping publicly praised e-commerce giant PDD Holdings’ Temu for its marketing success, highlighting the…

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New Business

China’s tech giants vow to fix algorithm issues amid government crackdown

Major Chinese internet platforms have vowed to improve their algorithms, after the mainland’s internet watchdog launched a campaign to address…

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New Business

E-commerce giants jump on China’s latest trade-in programme amid heated competition

China’s major e-commerce companies, from JD.com to Alibaba Group Holding, are rushing to take advantage of Beijing’s latest subsidies aimed…

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New Business

Alibaba sells hypermarket operator Sun Art for US$1.7 billion to refocus on e-commerce

The deal between Alibaba and Chinese private-equity firm DCP Capital was reached on the last day of 2024, involving the…

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New Business

Amazon asks Chinese sellers not to offer cheaper prices on Temu

Amazon.com has asked some Chinese cross-border merchants to stop offering goods at a cheaper price on rival platform Temu, according…

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New Business

Temu owner PDD sees 10% plunge in pre-market trading despite 44% revenue growth

PDD Holdings shares plunged by more than 10 per cent in pre-market trading, despite a 44 per cent rise in…

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Tech

Pinduoduo returns some service fees to sellers after parent PDD pledges US$1.4 bln waiver

Chinese budget e-commerce platform Pinduoduo, run by Temu owner PDD Holdings, is offering partial refunds of service fees to merchants,…

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