Posts filtered by tags: Pinduoduo[x]
China’s draft payments rules put Ant, Tencent on noticeJanuary 22, 2021 at 2:25 AM A string of recent events in China’s payments industry suggests the duopoly comprising Ant Group and Tencent may be getting a shakeup.
Following the abrupt call-off of Ant’s public sale and a government directive to reform the firm’s business, the Chinese authorities sent another message this week signaling its plan to curb concentration in the flourishing digital payments industry.
The set of draft rules, designed to regulate non-bank payments and released by the People’s Bank of China (PBOC) t...Tags: TC, Asia, Finance, China, Tech, Paypal, Tencent, WeChat, Mobile Payments, Goldman Sachs, Alipay, Payments, Alibaba Group, Online Payments, Meituan, Pboc 27 people like this. Like WeChat advances e-commerce goals with $250B in transactionsJanuary 19, 2021 at 10:23 AM  Tags: Apple, TC, Asia, China, Tech, Instant Messaging, Alibaba, Tencent, WeChat, Messaging Apps, Snap, Guangzhou, Zhang, Tencent Alibaba, Zhihu, Sogou 128 people like this. Like TikTok’s Chinese version Douyin launches an e-walletJanuary 19, 2021 at 4:22 AM  Tags: TC, Asia, Finance, China, Tech, Alibaba, Tencent, WeChat, Cctv, Alipay, Payments, Online Payments, Chinese New Year, Zhang Yiming, Bytedance, WeChat Pay 106 people like this. Like Pinduoduo under fire as China turns on its tech titansJanuary 13, 2021 at 8:55 AM One of China's most prominent e-commerce companies is facing intense public backlash over allegations that it overworks its employees. It's a sign that scrutiny of the country's tech champions is broadening, and could become even more intense.Tags: China, Cnn, Pinduoduo 48 people like this. Like A former Alibaba driver set fire to himself amid growing concerns about Chinese labor lawsJanuary 12, 2021 at 10:37 AM Tags: Apple, News, China, US, Trends, Walmart, Beijing, Hsbc, Alibaba, Retail, Food Delivery, Workers Rights, Jack Ma, Weibo, Ele.me, Liu 135 people like this. Like An Alibaba driver set fire to himself amid growing concerns about Chinese labor lawsJanuary 12, 2021 at 10:37 AM Tags: Apple, News, China, US, Trends, Walmart, Beijing, Hsbc, Alibaba, Retail, Food Delivery, Workers Rights, Jack Ma, Weibo, Ele.me, Liu 91 people like this. Like Despite PR storm, Pinduoduo stock and downloads stay robustJanuary 12, 2021 at 1:05 AM Pinduoduo, a rapidly growing Chinese e-commerce company, is weathering its PR storm after the death of an employee sparked criticism against the firm’s grueling working hours.
The employee, 21 years old, collapsed on her way home from work on a late night before New Year. The cause of her death has not been disclosed but internet users speculated that she had died from exhaustion.
Posts with the hashtag #PinduoduoEmployeeSuddenDeath have accumulated 300 million views on the Chinese microblogg...Tags: TC, Ecommerce, Asia, New York, China, Tech, Shanghai, Alibaba, Pinduoduo, Xinjiang People 23 people like this. Like The death of a 22-year-old Chinese tech employee shows the industry's toxic '996' work culture, championed by top execs like Jack MaJanuary 5, 2021 at 9:52 AM Tags: Hong Kong, Post, Death, Japan, Elon Musk, News, China, Trends, Bloomberg, Getty Images, News UK, Shanghai, Alibaba, Tencent, Xinjiang, Jack Ma 115 people like this. Like Trump signs bill that could kick Chinese companies off US stock exchanges unless they agree to American accounting standardsDecember 18, 2020 at 6:41 PM Tags: Politics, Congress, White House, China, US, International, Trends, Markets, Economy, Beijing, United States, Xi Jinping, Foreign Policy, Alibaba, National Security, Donald Trump 67 people like this. Like Why Alibaba rival Pinduoduo is investing in agritechDecember 16, 2020 at 5:36 AM  Tags: Google, TC, Asia, China, Tech, Artificial Intelligence, Farmers, Alibaba, Agritech, Mckinsey, Lim, Yunnan, Yunnan province, Australia China, Pinduoduo, Colin Huang 146 people like this. Like China’s tech firms rush to deliver solutions for grocery shoppingDecember 1, 2020 at 1:15 AM Nearly all of China’s largest internet firms have established a presence in online grocery. Just this week, news arrived that Alibaba co-led the $196 million C3 funding round of Nice Tuan, the two-year-old grocery group-buying firm’s fourth round year to date.
People in China shop online for almost everything, including groceries. At first, grocery e-commerce appears to have caught on mainly among the digitally-savvy who have grown reliant on the convenience of e-commerce and don’t mind paying a...Tags: Food, TC, Ecommerce, Asia, China, Funding, America, Tech, E-commerce, Alibaba, Tencent, WeChat, Alibaba Group, Meituan, Grocery Store, Meituan-dianping 47 people like this. Like Is Innovation Important For E-Commerce Business In 2020?November 18, 2020 at 2:24 AM E-commerce retail has become so popular and common, that almost everyone today purchases something online. Customers would expect a friendly user experience. The buyers hold the power and it is your concern to assure them at least a satisfactory experience.
With an exponential increase in the number of online businesses, it is important to follow the latest trends. This will give you an edge over your competitors. Users should be attracted to your website and this can only be done by providin...Tags: Business, Samsung, Sales, Voice, Voice Assistants, Social Commerce, Omni, Omni Channel, Pinduoduo, Importance of Innovation For E Commerce Businesses 25 people like this. Like Resellee wants to become the Pinduoduo of Southeast AsiaNovember 18, 2020 at 1:12 AM Launched in the Philippines, social commerce startup Resellee wants to recreate the success of Pinduoduo, one of China’s fastest-growing e-commerce companies, in Southeast Asia. A major part of Resellee’s business is grocery deliveries, including fresh produce, and it has struck partnerships with the government and farmers’ groups to meet demand during the COVID-19 pandemic.
The startup announced this week it has raised $1 million in seed funding from Mintech Enterprises and Hofan Capital to bui...Tags: Fundings & Exits, Startups, TC, Facebook, Asia, China, Southeast Asia, India, US, Tech, E-commerce, Philippines, Cambodia, Online Groceries, Social Commerce, Metro Manila 15 people like this. Like China proposes antitrust law ahead of Singles’ Day shopping spreeNovember 10, 2020 at 5:05 AM Debates over anti-competitive practices amongst China’s internet firms resurface every year in the lead up to Singles’ Day, a time when online retailers exhaust their resources and deploy sometimes sneaky tactics to attract vendors and shoppers. This year, just a day before the world’s largest shopping festival was scheduled to fall on November 11, China’s market regulator announced a set of draft rules that could rein in the monopolistic behavior of the country’s top internet firms.
Over the ye...Tags: Ecommerce, Asia, Hong Kong, Government, China, Tech, Beijing, Alibaba, Singles' Day, Tencent, Pinduoduo, Ant Group, Meituan JD 21 people like this. Like The race to be China’s top fintech platform: Ant vs TencentNovember 9, 2020 at 8:54 PM  Tags: Fundings & Exits, TC, Asia, Hong Kong, Finance, China, Digital, Tech, Paypal, Beijing, Shanghai, Alibaba, Tencent, WeChat, Alipay, Ant Financial 141 people like this. Like Picker, an app to discover products recommended by people you follow, picks up €1.3M seedOctober 6, 2020 at 4:00 AM Picker, an app that lets you discover and buy products recommended by people you follow, has raised €1.3 million in seed funding. Backing the Barcelona-based startup is Berlin’s Btov. The company has received €2 million in funding to date, mainly from various angel investors.
Founded in 2018 by Daniel Ramos, Conan Moriarty and Enric Gabarró, Picker offers a curated marketplace that enables you to discover and buy products based on the recommendations of influencers, friends or the wider Picke...Tags: TC, Asia, Europe, Pinterest, Germany, Berlin, Tech, Spain, Barcelona, Switzerland, Zalando, Lens Camera, Pinduoduo, Picker, Daniel Ramos Conan Moriarty, Enric Gabarró Picker 33 people like this. Like Brand Moves for Thursday October 1October 1, 2020 at 1:14 PM  Tags: Apple, Amazon, Facebook, Japan, UK, Instagram, Congress, Washington, China, Advertising, US, Unilever, Walmart, Joe Biden, Paypal, Alibaba 86 people like this. Like TikTok’s Chinese rival Kuaishou becomes a popular online bazaarSeptember 17, 2020 at 11:39 PM In China, short video apps aren’t just for mindless time killing. These services are becoming online bazaars where users can examine products, see how they are grown and made, and ask sellers questions during live sessions.
Kuaishou, the main rival of TikTok’s Chinese version (Douyin), announced that it accumulated 500 million e-commerce orders in August, a strong sign for the app’s monetization effort — and probably a conducive condition for its upcoming public listing.
On the heels of the anno...Tags: TC, Ecommerce, Asia, Hong Kong, China, Tech, Alibaba, Tencent, Reuters, Kuaishou, Zynn, Douyin, Pinduoduo, ByteDance China Kelly Zhang 26 people like this. Like Meet the 15 richest people in Asia, who are collectively worth more than $500 billionSeptember 1, 2020 at 9:23 AM Tags: Google, Photos, Asia, Hong Kong, Japan, Money, Microsoft, Life, China, Singapore, India, Trends, Bloomberg, Bbc, Features, Overwatch 139 people like this. Like Here are the 98 companies from Y Combinator’s Summer 2020 Demo Day 1August 24, 2020 at 6:31 PM  Tags: Google, Amazon, Python, TC, Y Combinator, Europe, UK, Indonesia, Mexico, India, New York City, Africa, US, Tech, ERP, United States 104 people like this. Like Pinduoduo’s latest aim: sell $145 billion farm produce in 2025August 24, 2020 at 5:51 AM Still working to turn a profit and shake off its fake-goods reputation, China’s e-commerce upstart Pinduoduo set itself another ambitious goal for 2025: surpass 1 trillion yuan or $145 billion annual gross merchandise volume of agricultural products.
The announcement arrived with the company’s Q2 results last Friday. For some context, online sales of agricultural goods in China in 2019 neared 400 billion yuan or $58 billion, a 27% increase from the year before according to stats from the Mini...Tags: Ecommerce, Asia, China, Tech, Farming, Alibaba, Agriculture, Ministry of Commerce, Chen Lei, Pinduoduo, iiMedia Pinduoduo, Pinduoduo Produce in China 28 people like this. Like Pinduoduo’s latest aim: Sell $145 billion of farm produce in 2025August 24, 2020 at 5:51 AM Still working to turn a profit and shake off its fake-goods reputation, China’s e-commerce upstart Pinduoduo set itself another ambitious goal for 2025: surpass 1 trillion yuan or $145 billion annual gross merchandise volume of agricultural products.
The announcement arrived with the company’s Q2 results last Friday. For some context, online sales of agricultural goods in China in 2019 neared 400 billion yuan or $58 billion, a 27% increase from the year before, according to stats from the Min...Tags: Ecommerce, Asia, China, Tech, E-commerce, Farming, Alibaba, Agriculture, Ministry of Commerce, Chen Lei, Pinduoduo, iiMedia Pinduoduo, Pinduoduo Produce in China 43 people like this. Like A bubble? The stellar growth of China's e-commerce upstart PinduoduoAugust 22, 2020 at 3:00 AM At $114bn, its market value is above HSBC – but questions remain about business model and if it will ever be profitableIt is a company that is just about to turn five years old but is valued more highly than the oil giant Shell, or HSBC, one of the largest banks in the world.Pinduoduo is the latest behemoth produced by China’s tech machine, an online shopping site that specialises in extraordinary discounts on everything from tissues to Teslas. And its market value has more than doubled in recen...Tags: Business, China, World news, Asia Pacific, Technology sector, Hsbc, Shell, Chinese Economy, Pinduoduo 31 people like this. Like LA’s Kickback is a social shopping app that converts users into marketing channels through cash rewardsJuly 15, 2020 at 9:01 AM Frankie Bernstein, the Venice, Calif.-based serial entrepreneur, knows marketing.
At his last startup, Markett, Bernstein turned college students into brand ambassadors who were paid by the companies they repped for proselytizing about them on campuses.
Now he’s using that knowledge to launch Kickback on iOS and Android. It’s invite-only at this point, but the idea is that it uses company’s marketing budgets to create shopping rewards and incentives for app users. In the same way that Markett...Tags: Android, TC, Lyft, Uber, California, La, China, Tech, Nike, Walmart, Ceo, Paypal, Venice, Sonos, Columbia, Postmates 24 people like this. Like Meet Colin Huang, who just stepped down as CEO of $100 billion Pinduoduo and whose wealth exploded by $25 billion in 2020July 3, 2020 at 3:54 AM  Tags: Apple, Google, Microsoft, Wall Street, China, US, Trends, Taiwan, Shanghai, Alibaba, Sony, Tencent, SEC, Disneyland, Costco, Jack Ma 59 people like this. Like China’s top short video apps and e-commerce giants pally upMay 27, 2020 at 6:32 AM JD.com, the online retailer that is Alibaba’s long-time nemesis, announced Wednesday a strategic partnership with Kuaishou, the main rival of TikTok’s sibling in China, Douyin.
The collaboration is part of a rising trend in the Chinese internet where short video apps and e-commerce platforms increasingly turn to each other for monetization synergies. The thinking goes that video platforms can leverage the trust that influencers instill in their audience to tout products ranging from cosmetics...Tags: TC, Ecommerce, Asia, China, Tech, E-commerce, Alibaba, JD.com, Alibaba Group, Live Streaming, Weibo, Taobao, Online Retailer, Kuaishou, Douyin, Pinduoduo 33 people like this. Like China Roundup: A blow to US-listed Chinese firms and TikTok’s new global faceMay 24, 2020 at 10:40 AM Hello and welcome back to TechCrunch’s China Roundup, a digest of recent events shaping the Chinese tech landscape and what they mean to people in the rest of the world. It’s been a tumultuous week for Chinese tech firms abroad: Huawei’s mounting pressure from the U.S., a big blow to U.S.-listed Chinese firms, and TikTok’s high-profile new boss.
China tech abroad
Further decoupling
Over the years, American investors have been pumping billions of dollars into Chinese firms listed in the U.S., f...Tags: TC, Asia, Hong Kong, Europe, China, Disney, US, Tech, Beijing, Alibaba, Xiaomi, Vodafone, SEC, Alibaba Group, Baidu, Huawei 28 people like this. Like Pinduoduo beats revenue estimates as demand for online shopping soarsMay 22, 2020 at 7:39 AM China's Pinduoduo Inc beat first-quarter revenue estimates on Friday, as more people shopped at its e-commerce platform during coronavirus lockdowns that shut down most brick-and-mortar shops.Tags: Money, China, businessNews, Pinduoduo, Pinduoduo Inc 21 people like this. Like E-Commerce: From Transaction To ExperienceMay 19, 2020 at 9:34 PM  Tags: UK, China, Nielsen, Branding, Paul Bailey, Netflix Party, Brand Research Brand Strategy Brand Licensing, Brands And Digital, Pinduoduo, Social eCommerce In China, China Pinduoduo, Tims Twitter Listening Party, Squadded Shopping Party 71 people like this. Like Cathay Innovation raises $550M for its second global VC fundMay 14, 2020 at 11:40 AM With the global economy still sorting itself out in the face of the pandemic, we’re hearing about fewer new venture capital funds these days. However, today is an exception, as Cathay Innovation has raised a $550 million second fund, which is about double the size of its first fund and, according to its leader Denis Barrier, is larger than the firm’s “original target.”
Cathay Innovation’s initial fund had some winners. The firm, which is part of the same org but distinct from private-equity o...Tags: Fundings & Exits, Startups, TC, Europe, China, Southeast Asia, America, Tech, United States, Venture Capital, Cathay Innovation, Denis Barrier, Cathay Capital, Pinduoduo, COVID 4 people like this. Like |
