Consumer Economy

Suning attributed these losses to the COVID-19 pandemic as its sales decreased but expenditure increased.

Digital Commerce Intelligence uses data science and AI to provide e-commerce market performance insights for consumer brands.

Short-video apps have never been so important for brands in the Chinese market.

The app also has a local service function.

Huawei’s Ren Zhengfei and Tencent’s Pony Ma took the second and third positions, respectively.

Half of Korea’s 10 unicorns are battling in online retail.

Already an established industry in China, livestreaming has seen a boost due to the coronavirus.

Independent bookstores are livestreaming on platforms like Taobao to reach readers, but many hope this will be temporary.