Known as red envelop or red packet in most of non-Chinese countries, a Hongbao is a small rectangular-shaped envelop made of cardboard, mostly red in color, with different designs and wordings wishing prosperity and good fortune to the recipient. Usually given out by hand, today is by far the most used method to give away…
China’s social commerce platform Pinduoduo, after Making Strategic Investment in GOME, starts livestreaming in GOME Offline Store. On Aug. 3, Pinduoduo’s official live studio “Limited Time Flash Sale” entered in the electrical appliance retailer GOME’s largest flagship store on Pujian Road in Shanghai, bringing a grand online sales promotion to online consumers. As stated by media,…
Sogou, literally “Search Dog”, is one of the main Chinese search engine making its own privatization headlines with its announcement of a buyout bid for its separately listed Sogou search unit. What makes this headline interesting is the company offering to take Sogou private, which is the Shenzhen-based hi-tech giant Tencent. Is Pony Ma challenging…
Chinese food delivery giant and rating platform Meituan Dianping has recently removed Alipay, Alibaba’s online payment platform, from its app. According to Tech Planet, some users couldn’t find Alipay on Meituan while monthly payment, debit card, WeChat Pay and Apple Pay are still available. Some netizens even complained with Meituan. “Why doesn’t Taobao support WeChat…
TikTok emerges as top grossing non-game app globally in June with over $90.7 million in user spending, Sensor Tower data showed. Approximately 89% of TikTok’s revenue was from Douyin in China, followed by 6%from the United States. Sensor Tower’s data also showed that YouTube was the second highest earning non-game app worldwide for June 2020…
China is fintech sector forerunner. If you want to see the future of this industry, just go to China. Without doubts, China is the first cashless society in the world. The number of people using the internet in China reached 900 million in March 2020. Today, 710 million people shop online, an increase of 100…
The news shocked the insiders: Pinduoduo has overtaken JD as PRC’ second most valuable online retailer. Is it the end of JD as e-commerce giant? Not at all. Pinduoduo has more than 500 million users, this is true, but JD.com is still the most profitable. Chinese e-commerce upstart Pinduoduo has overtaken rival JD.com to become…
As we adjust to life with the new coronavirus around us, our behaviours and habits are quickly changing. As people around the world are blocked from leaving their homes, consumers are moving online to do their shopping. Not only in China where e-commerce is a daily life constant, but everywhere around the world. Anyway, products…
This new strategy aims to deploy Taobao’s C2M system to help traditional factories digitize their processes. On Thursday, Hangzhou-based e-commerce giant Alibaba announced the launch of its consumer-to-manufacturer (C2M) system to bring 10 billion new orders to traditional factories across China over the next three years. This new strategy main goal is to deploy Taobao’s C2M…
Shenzhen-based tech giant is partnering with local authorities to launch the first health tracking system for students. Health comes first. This is the new, and understandable, mantra in China. Schools in China are ready to reopen and once again AI and big data are helping to track citizens health condition. Chinese internet giant Tencent is partnering with…