PINDUODUO IS GOING FAST! THE APP STARTS LIVESTREAMING IN GOME OFFLINE STORE

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,…

EARTHQUAKE IN CHINESE FINTECH: MEITUAN APP NO LONGER SUPPORTS ALIPAY

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…

ALIBABA MOVES TO C2M. 10 BILLION ORDERS FOR FACTORIES IN CHINA THE GOAL

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…