NewsAlibaba sales growth slows in first 10 days of shopping festivalFirst sales data shows that JD.com is already closing in on its 2019 record. 1 min read
86% of online shoppers in China plan to spend the same, if not more than they did in last year’s sales event. NewsKEY STAT | China’s 11/11 shopping event expected to beat 2019 sales record2 mins read
Didi’s social group-buying service was initially launched as a standalone WeChat mini-program in June. NewsRide-hailing giant Didi adds group-buying feature to its flagship app2 mins read
Taobao and Tmall users can enjoy rebates worth up to USD 1,500 after buying a car from the Chinese automaker. NewsAlibaba teams up with SAIC Motor to boost car sales amid industry recovery2 mins read
If a listing is not completed by January 31, 2021, Evergrande will have to buy back USD 19.4 billion in investments. NewsKEY STAT | Real estate giant Evergrande ends Shenzhen listing plan2 mins read
Approximately 86% of TikTok’s revenue came from Douyin in China. NewsKEY STAT | Tiktok and Douyin are the top-grossing apps worldwide for the seventh month2 mins read
Some AI applications are more feasible from an economic efficiency standpoint than others, expert says. InsightsFrom smart trash bins to intelligent toilet paper dispensers, AI has taken over Chinese cities6 mins read
The company is now valued above USD 5.3 billion. NewsPony.ai closes USD 267 million Series C to speed up autonomous driving2 mins read
Alibaba’s famous shopping festival gives customers a longer window to capitalize on discounts this year. NewsAlibaba tests extended 11/11 shopping festival amid increasing competition3 mins read