Authoritative institution PYMNTS released the global shopping app rankings for February. Chinese cross-border e-commerce platform SHEIN has topped the list for the seventh consecutive month.
Sources close to Douyin e-commerce revealed that in the coming year, the platform's low-price strategy will extend to content scenes, with malls and short videos actively promoting affordable products.
The number of registered users of Temu in South Korea has increased from 520,000 in August last year to 5.7 million in January this year, nearly tenfold in six months.
Pinduoduo's cross-border e-commerce platform Temu has rapidly gained traction in the Japanese market since its launch in July 2023, boasting 15.5 million users by January 2024.
On Feburary 7, Alibaba released its financial results for the quarter concluding on December 31, 2023. Alibaba's International Digital Commerce Group (AIDC) largely surpassed expectations, delivering an impressive performance with a 44% year-on-year increase in revenue, and an overall orders growing by 24% year-on-year.
Indonesian tech giant GoTo announced today that TikTok has officially completed the transaction announced in December last year, spending $840 million to acquire 75.01% of the shares in GoTo's e-commerce subsidiary, Tokopedia.
Alibaba.com revealed the latest data since the launch of its first cross-border B2B semi-hosted platform. Many merchants signed up on-site to settle down during the investment promotion conferences.
Pinduoduo launches the "FuYao Plan" for live streaming, aiming to enhance live streaming operations and boost transaction volume during the Spring Festival.
Pinduoduo's cross-border e-commerce platform, Temu, is set to introduce a semi-hosted model, targeting sellers who possess overseas warehouses and local dispatch capabilities.
JD.com is gearing up to make a significant impact during the Year of the Dragon Spring Festival Gala, leveraging its various businesses.
ByteDance's Vice President of its virtual reality division, PICO, Ren Lifeng, has officially resigned to embark on a new entrepreneurial journey in the cross-border e-commerce sector.
Oriental Selection is exploring overseas markets with TikTok, improving the efficiency of product procurement processes by integrating high-quality supply chain resources.
On January 17th, Temu, a cross-border e-commerce platform under Pinduoduo, officially launched its South Africa site. This is also the 49th country that Temu has entered since its launch in September last year.
Uniqlo has launched a lawsuit against three SHEIN-affiliated companies, accusing them of selling counterfeit versions of its round mini shoulder bags.
Chinese logistics service provider J&T Express is currently negotiating a new collaboration with Temu, shifting its focus from providing an "end-to-end" full-chain solution to concentrating on last-mile delivery services.
The local life project of Duoduo Mai Cai was originally planned to be launched in February 2024. However, Pinduoduo officials stated that the local life business has been completely discontinued.
Amazon China announces a revision: starting from December 28th, new Prime membership registration will no longer be available, and desktop services will be discontinued on January 27th, 2024.
On December 27th, JD.com announced that starting from January 1st, 2024, the annual fixed salary for front-line employees in procurement and sales departments will increase by nearly 100%.
On December 27, Oriental Selection, a live-streaming ecommerce company under the US-listed New Oriental Group, announced that it will sell its education business for a total price of 1.5 billion yuan to its parent company.
Including Pinduoduo, all three major Chinese e-commerce platforms have now adopted the "refund only" policy.