China Newsbase
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The China News Database was last updated at 08:27AM on December 31, 2023.
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21 articles matching the search query.
Profits are way up for discount ecommerce giant PDD as Temu app expands globally
PDD’s earnings show a recovery in consumer sentiment in China, and will help the company expand its cross-border operations taken on by global platform Temu.
May 30, 2023 Source: The China Project
Temu vs Shein: Which platform will rule the ecommerce world?
China is the world leader in online retail, and its ecommerce firms are venturing out into the world. As two major firms battle it out on the global stage, what are the stakes, and how will ecommerce competition within China affect their performance?
March 17, 2023 Source: The China Project
Can Chinese discount ecommerce firm Temu charm America?
Pinduoduo is China’s king of low cost ecommerce. Four months ago it launched Temu, a similar service for the American market. How sustainable is the new startup?
January 30, 2023 Source: The China Project
Pinduoduo launches ecommerce price war in the U.S. with new app Temu
Chinese ecommerce giant Pinduoduo is selling products at Chinese prices to U.S. consumers on its new global platform, Temu. But can Temu ever catch up with fast-fashion brand SHEIN?
November 29, 2022 Source: The China Project
SHEIN’s fast-fashion sales machine earns billions as new competitors launch
SHEIN has revolutionized fast fashion as a trendy, social-media-fueled global brand, and now Pinduouo and others are imitating its model of cheap prices, fast delivery, and small-batch manufacturing. But are these lightning-fast supply chains ethical or sustainable?
September 6, 2022 Source: The China Project
Pinduoduo had a great quarter, and is sending strong signals that it will expand overseas
Growth in China’s ecommerce market is flattening, but agricultural and low-end goods ecommerce giant Pinduoduo has just reported great results for the second quarter. How long can the company keep expanding without venturing abroad?
August 31, 2022 Source: The China Project
Pinduoduo, the ecommerce platform for Chinese farmers, had a profitable quarter despite the slowing economy
Pinduoduo, a platform that competes with China’s ecommerce king, Alibaba, allows farmers to sell their produce directly to consumers, and it’s making money despite the COVID lockdown slowdowns.
May 31, 2022 Source: The China Project
Alibaba’s stock blues
Alibaba’s stocks plummeted all over the globe. At such cheap prices, should wary investors cash in?
March 7, 2022 Source: The China Project
Tencent off-loads share in gaming company
Tencent has off-loaded $3 billion worth of shares in the Singapore-based gaming and ecommerce firm Sea, in a move to align its portfolio to match the priorities of Beijing’s “common prosperity” and sustainability push.
January 5, 2022 Source: The China Project
After Didi, a great homecoming may soon be upon us
A story from the The China Project A.M. newsletter. Sign up for free here.
December 27, 2021 Source: The China Project
Chinese tech philanthropy in the age of ‘common prosperity’
In China, tech companies are facing particular pressure to showcase social responsibility. Xi Jinping acknowledged that the “new round of technological revolution and industrial transformation is giving a strong impetus to economic development.” However, he also pointed out that its negative effects on employment and income distribution need to be “effectively addressed and resolved.”
November 23, 2021 Source: The China Project
A shared spreadsheet reveals working hours at China’s biggest internet companies
Chinese tech companies are notorious for their punishing work schedules that often mean 12 hours a day at the office, six days a week. Since 2019, there has been a growing clamor from tech staff to cut their work time, but it does not seem to have worked, judging from a new crowdsourced survey.
October 13, 2021 Source: The China Project
China’s ‘Big Tech crackdown’: A guide
The Chinese government is tightening its control over Chinese technology companies in dramatic ways: There will be a sea change in 2021: Capital flows between the U.S. and China will in some cases reverse, and the incentives that have driven the Chinese economy for the last two decades have changed.
August 2, 2021 Source: The China Project
Alibaba fined $2.8 billion in landmark antitrust case
In a major escalation of its crackdown on Big Tech, the Chinese government went after ecommerce giant Alibaba for abusing its market position. Many Chinese people cheered.
April 12, 2021 Source: The China Project
Pinduoduo is bigger than Alibaba, and its chairman steps down
Pinduoduo is now China’s largest ecommerce platform by annual active users, surpassing Alibaba.
March 18, 2021 Source: The China Project
Pinduoduo worker dies by suicide while on leave, ex-employee’s video on disturbing work culture goes viral
The intense backlash against Pinduoduo is a searing demonstration of growing public anger over the work culture in China’s tech sector.
January 11, 2021 Source: The China Project
‘Who isn’t trading life for money?’ asks Pinduoduo-affiliated account after overworked employee dies
China’s tech industry has again been forced to confront its work culture after the sudden death of a young employee at ecommerce company Pinduoduo, who collapsed last week while walking home at midnight after working long hours.
January 4, 2021 Source: The China Project
Consumers love cheap groceries, but can community group buying withstand government scrutiny?
Community group buying is taking China’s residential compounds by storm as even non-tech-savvy grannies see the price benefits and tech companies pour millions into the sector. But not everyone is happy with the booming new industry.
December 22, 2020 Source: The China Project
The biggest ecommerce companies in China — a brief guide
China’s ecommerce market is complex, massive, and highly competitive. Its companies and their business models are completely different from those in other markets, and none of the big American and European players have any real presence. This is a guide to the major Chinese players and their offerings.
August 7, 2020 Source: The China Project
China Business Corner: ByteDance takes aim at WeChat with Duoshan, a Snapchat-like video app
China Business Corner is a weekly window into Chinese-language coverage of business, technology, and the broader economy, brought to you by co-writers Huang Sizhuo and Jordan Schneider (who hosts…
January 24, 2019 Source: The China Project