ecommerce Archives - Pandaily

H&M Makes Strategic Move onto Pinduoduo and Prepares to Venture into Douyin

Pandaily — Fri, 25 Oct 2024 14:39:38 +0000

On October 24th, H&M officially announced its entry into Pinduoduo, becoming the first international fashion brand to land on this platform.

Google Launches Its First Cross-Border E-commerce Acceleration Center in Xiamen, China

Pandaily — Thu, 17 Oct 2024 02:08:43 +0000

On October 15, Google announced the official launch of its first cross-border e-commerce acceleration center in Xiamen, a city in southern China.

SHEIN Guangzhou SHEIN Bay Area Supply Chain Phase One Project Commences

Pandaily — Fri, 04 Oct 2024 08:56:04 +0000

SHEIN's Phase 1 project in SHEIN Bay Area of Guangzhou Supply Chain has started construction, with an expected annual export value exceeding 100 billion yuan after all three phases are fully operational.

Temu’s GMV in the US Region Exceeds 20%, Expanding Business in Latin America and Southeast Asia

Pandaily — Mon, 30 Sep 2024 09:19:05 +0000

Temu's semi-hosted GMV in the US accounts for over 20% of the entire site.

Shein Restructures Its IT R＆D Team in Singapore: Lays Off 17 Employees, Will Continue to Recruit

Pandaily — Fri, 27 Sep 2024 07:35:47 +0000

Chinese fast fashion online retailer Shein dismissed 17 employees at its Singapore headquarters, despite the company's plans to continue expanding its business in Singapore.

JD.com Initiates Global Expansion, Launches “Global Sales” in Four Countries

Pandaily — Mon, 02 Sep 2024 14:25:55 +0000

Chinese e-commerce giant, JD.com, has newly launched its global sales business in the United States, Japan, Singapore, and Malaysia.

Alibaba Concludes Three-Year “Rectification” Process, States it as a “New Starting Point for Development”

Pandaily — Fri, 30 Aug 2024 10:14:10 +0000

On August 30, China's market regulation authorities issued a statement announcing that Alibaba Group has successfully completed a three-year rectification process, "achieving positive results".

Pinduoduo Prepares to Sacrifice Short-Term Profits for Long-Term Development

Pandaily — Tue, 27 Aug 2024 13:59:14 +0000

Founder Chen Lei noted that Pinduoduo has entered a new investment phase, emphasizing that improving the ecosystem is a long-term endeavor.

Cross-Border Supply Chain Platform EasyYa Completes 150 Million RMB Financing

Pandaily — Tue, 27 Aug 2024 08:01:17 +0000

Cross-border e-commerce boutique supply chain platform EasyYa recently announced the completion of 150 million yuan in financing.

Temu Officially Announces the Opening of the Market to European Sellers

Pandaily — Mon, 26 Aug 2024 13:24:52 +0000

Temu has officially started inviting European merchants to register as sellers on its platform.

Temu’s Semi-Hosted Japan Site Will Officially Launch on August 27

Pandaily — Tue, 20 Aug 2024 09:03:57 +0000

Temu's semi-hosted Japan site will officially launch on August 27. The sites for South Korea and Mexico will also be opened gradually by the end of the month.

SHEIN Sets Up Supply Chain HQ in Guangzhou with 3.69 Billion Yuan Investment

Pandaily — Thu, 15 Aug 2024 06:38:13 +0000

SHEIN has plans to establish an intelligent warehousing logistics distribution park that will integrate various functions such as warehousing, stockpiling, picking, distribution, delivery, and settlement.

TEMU Semi-Hosted Model Will Soon Open Japan and South Korea Sites

Pandaily — Tue, 13 Aug 2024 06:34:42 +0000

TEMU is about to launch a semi-hosted service in Japan and South Korea soon.

Merchants Stage Protest at Temu’s Guangzhou Office Over High Penalties and Withheld Payments

Pandaily — Wed, 31 Jul 2024 06:41:08 +0000

Around 200 small and medium-sized merchants recently staged a protest at the Guangzhou headquarters of Temu, expressing grievances over substantial penalties inflicted by the platform.

Pinduoduo’s Market Value Surpasses Alibaba Again, Chairman Chen Lei Welcomes “Healthy Competition from Rivals”

Pandaily — Thu, 23 May 2024 15:26:09 +0000

"Facing such a trend, we saw that our peers significantly increased their efforts in the first quarter, and Pinduoduo welcomes healthy competition," Chen Lei said.

AliExpress Ramps Up Overseas Investment, Contributes to Alibaba International’s 45% YoY Revenue Surge in March Quarter

Pandaily — Thu, 16 May 2024 12:00:00 +0000

In the previous financial quarter, Alibaba International reported a substantial 45% year-on-year revenue increase, largely driven by the expansion of its cross-border operations, notably through the AliExpress' Choice service.

Douyin E-Commerce Ventures out of Douyin, Launching the Douyin Shopping Mall App

Pandaily — Tue, 26 Mar 2024 02:38:48 +0000

Douyin e-commerce recently launched an app called "Douyin Shopping Mall". This is the first comprehensive independent e-commerce platform launched by Douyin e-commerce outside of the Douyin app.

Temu Reaches 50 Countries and Plans for Increased R&D Investment

Pandaily — Thu, 21 Mar 2024 14:25:36 +0000

Pinduoduo's cross-border e-commerce platform, Temu, has expanded to 50 countries since 2022, revealed Chairman Chen Lei.

SHEIN: 7 Months At the Top of Global Shopping App Rankings

Pandaily — Wed, 28 Feb 2024 08:49:37 +0000

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.

Douyin Denies the Rumored “3 Trillion yuan GMV Target”

Pandaily — Thu, 22 Feb 2024 14:56:40 +0000

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.

Pinduoduo’s Temu Sees Explosive Growth in South Korea with Aggressive Marketing Strategies

Pandaily — Thu, 22 Feb 2024 04:24:15 +0000

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.

Temu Thrives in the Japanese Market

Pandaily — Wed, 21 Feb 2024 10:10:00 +0000

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.

CEO Jiang Fan Outlines Future Strategies as Alibaba International Exhibits Steady Growth Driven by AliExpress in December Quarter, 2023

Pandaily — Tue, 13 Feb 2024 03:04:01 +0000

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.

TikTok Officially Takes Majority Stake in Local Tech Giant Tokopedia

Pandaily — Thu, 01 Feb 2024 07:02:56 +0000

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.

Many Businesses Join Alibaba.com Station Semi-Hosted Model

Pandaily — Thu, 01 Feb 2024 04:24:07 +0000

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 “FuYao Plan” to Motivate Livestreamers for Spring Festival Sales

Pandaily — Tue, 30 Jan 2024 04:03:20 +0000

Pinduoduo launches the "FuYao Plan" for live streaming, aiming to enhance live streaming operations and boost transaction volume during the Spring Festival.

Temu Introduces Semi-Hosted Model for Improved Merchant Operations

Pandaily — Thu, 25 Jan 2024 02:13:09 +0000

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 to Sponsor China’s 2024 Spring Festival Gala, Aiming at Acquiring More Users from Small Cities

Pandaily — Wed, 24 Jan 2024 02:22:31 +0000

JD.com is gearing up to make a significant impact during the Year of the Dragon Spring Festival Gala, leveraging its various businesses.

PICO’s VP Resigns to Launch Cross-Border E-commerce Startup

Pandaily — Tue, 23 Jan 2024 05:50:48 +0000

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 Teams Up with TikTok for Overseas Expansion

Pandaily — Tue, 23 Jan 2024 04:53:43 +0000

Oriental Selection is exploring overseas markets with TikTok, improving the efficiency of product procurement processes by integrating high-quality supply chain resources.

Temu Officially Launches Its South African Site

Pandaily — Thu, 18 Jan 2024 09:50:19 +0000

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 Takes Legal Action Against SHEIN for Alleged Counterfeit Sales

Pandaily — Wed, 17 Jan 2024 09:34:43 +0000

Uniqlo has launched a lawsuit against three SHEIN-affiliated companies, accusing them of selling counterfeit versions of its round mini shoulder bags.

J&T Express Establishes New Collaboration with Temu

Pandaily — Thu, 11 Jan 2024 08:09:29 +0000

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.

Pinduoduo’s Local Grocery Shopping Service Has Been Completely Suspended

Pandaily — Thu, 04 Jan 2024 03:52:15 +0000

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

Pandaily — Fri, 29 Dec 2023 06:26:28 +0000

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.

JD.com Announces Significant Salary Increase, Frontline Employees’ Remuneration to Double Next Year

Pandaily — Thu, 28 Dec 2023 06:08:24 +0000

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%.

Oriental Selection Sells Education Arm for 1.5B in Group Reorganization

Pandaily — Thu, 28 Dec 2023 03:48:37 +0000

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.

Chinese E-commerce Giants Revise After-sales Rules, Introducing “Refund Only” Policy

Pandaily — Wed, 27 Dec 2023 16:11:19 +0000

Including Pinduoduo, all three major Chinese e-commerce platforms have now adopted the "refund only" policy.

Xiaohongshu Denied IPO Speculation

Pandaily — Mon, 25 Dec 2023 15:10:55 +0000

Despite speculation from Chinese media outlets focusing on IPO news, Xiaohongshu has denied any immediate plans to go public.

Amazon Global Selling’s First Innovation Center Settles in Shenzhen

Pandaily — Thu, 14 Dec 2023 07:10:39 +0000

At the recently held 2023 Amazon Global Selling Seller Conference, Amazon Global Selling's Asia-Pacific Innovation Center settled in Qianhai, Shenzhen.

Alibaba Invests $634 Million in Lazada

Pandaily — Wed, 13 Dec 2023 14:13:45 +0000

Southeast Asian e-commerce giant Lazada has received an additional investment of $634 million from its parent company, Alibaba Group.

Richard Liu: JD.com’s Organization Is Bloated and Inefficient, It Must Change

Pandaily — Mon, 11 Dec 2023 02:18:29 +0000

On December 9th, Richard Liu, the founder and chairman of JD.com, replied to employee comments on the company's internal network, stating that JD.com must change or there will be no way out.

Kuaishou Set for Its Largest Organizational Restructuring of the Year

Pandaily — Fri, 08 Dec 2023 04:33:19 +0000

Kuaishou, the popular Chinese short-video platform, announced extensive restructuring across its main site, e-commerce, and commercialization operations.

ByteDance Launches Another Share Buyback, Valuation Declined by 10%

Pandaily — Thu, 07 Dec 2023 12:50:00 +0000

ByteDance, the parent company of TikTok, is allegedly proposing to repurchase approximately $5 billion in shares from investors, a move that would value the company at around $268 billion, according to two sources familiar with the matter, per Reuters.

Pinduoduo Q3 Financial Figures Exceed Market Expectations

Pandaily — Wed, 29 Nov 2023 07:45:46 +0000

Pinduoduo's revenue reached 68.84 billion yuan in Q3, 2023, a 93.9% increase from the same period last year, nearly doubling, and a net increase of nearly 16.6 billion yuan from 52.281 billion yuan in the second quarter, far exceeding market expectations.

Freshippo’s “Global Go” Business Undergoes Comprehensive Upgrade

Pandaily — Tue, 07 Nov 2023 03:52:19 +0000

On November 6th, Freshippo announced at the Import Expo that its "Global Go" business will be fully upgraded.

Alibaba International Launches ‘Aidge’, an AI Suite to Enhance Global Commerce Operations

Pandaily — Mon, 06 Nov 2023 08:24:08 +0000

On November 6, Alibaba International announced the pilot launch of “Aidge,” its first commerce-centric, AI-powered suite of APIs that is poised to streamline global operations for enterprises.

Temu Surpasses Quarterly GMV of $5 Billion, Potentially Exceeding Annual Targets

Pandaily — Thu, 26 Oct 2023 16:21:54 +0000

Based on its performance in the first nine months of the year, with the arrival of "Black Friday" and Christmas, Temu may well exceed its annual GMV target of $15 billion.

Chinese Influencer Li Ziqi Returns After Two Years

Pandaily — Mon, 09 Oct 2023 08:53:59 +0000

Chinese social media influencer Li Ziqi, who had been on hiatus for two years, made a brief appearance on Saturday Evening.

Pinduoduo’s Cross-border E-commerce Platform Temu Charges A Service Fee of 0.5％

Pandaily — Mon, 09 Oct 2023 02:41:04 +0000

Recently, Temu has introduced a new agreement to sellers. The 0.5% service fee rate mentioned in the agreement is interpreted as a signal that the platform will start charging commissions.

The News States that JD.com Is Going to Sell Tesla Cars

Pandaily — Thu, 28 Sep 2023 09:20:48 +0000

A knowledgeable source revealed that after JD.com launched the Tesla car ordering service, consumers will be able to pay a deposit on JD.com.

TikTok Undergoes Business Adjustments, Ramping up E-commerce Efforts

Pandaily — Tue, 04 Jul 2023 05:00:58 +0000

TikTok's e-commerce business has undergone business adjustments in the past few months. Notably, the platform has introduced a new model for its e-commerce project codenamed Project S. In simple terms, Project S operates with a full custody model. Under the model, merchants are only responsible for supplying goods, while the platform covers operations and fulfillment.

Kuaishou Incentivizes User Collaboration with 60 Billion Network Traffic

Pandaily — Tue, 09 May 2023 07:46:10 +0000

On May 9th, Kuaishou upgraded its "Chuanliu Plan" and will allocate at least 60 billion network traffic throughout the year to incentivize collaboration between merchants and influencers.

Tencent’s WeChat Channels Accelerates Commercialization

Pandaily — Thu, 30 Mar 2023 13:00:31 +0000

Tencent is currently increasing its investment in WeChat Channels, a video content creation platform.

Chinese E-commerce Accounts Take Top Three Shopping Spots in Spain

Pandaily — Mon, 20 Mar 2023 09:46:15 +0000

n March 20th, data.ai, a well-known third-party data provider, published the download list of Spanish e-commerce apps, and those from China occupied the top three spots. Among them, Miravia and AliExpress, Alibaba's two major overseas businesses, are first and third respectively.

Subdued Singles’ Day Reflects China’s Evolving E-Commerce Sector

Peter Catterall — Fri, 11 Nov 2022 10:23:02 +0000

Singles' Day culminated in a frenzy of promotions on Friday, although lackluster consumer activity may reduce some of its shimmer.

Temu in Position to Take US Online Shopping by Storm

Peter Catterall — Mon, 24 Oct 2022 07:54:33 +0000

Following its rapid ascent in the Chinese e-commerce market, seven-year-old Pinduoduo is now trying its hand in the US with the launch of Temu.

Alibaba.com Releases June Cross-Border Index