NewsCHINA BRIEF | Pinduoduo plans USD 1.1 billion private placement for long-term investors (updated)Pinduoduo is currently mired in heavy financial losses. 1 min read
This follows MatchMove’s recent announcement to bid for a digital full bank license in . NewsMatchMove acquires strategic stake in e-commerce platform Shopmatic1 min read
This move comes after the firm’s net income in the fourth quarter of last year decreased by 42.9% year-on-year. NewsWeibo opens e-commerce management tool to over 500 million users2 mins read
Forrester projects the e-retailers to grow by 5% this year in the best-case scenario, as compared to about 26% growth they enjoyed last year. NewsE-commerce sector stares at a USD 1 billion loss amid lockdown in India3 mins read
Seven museums each had around an hour to give viewers an online tour experience NewsCHINA BRIEF | Chinese and US museums, including the Met, join Pinduoduo to sell souvenirs via livestream1 min read
Pinduoduo employees have reported a ban from Alibaba to use Taobao’s Juhuasuan, while Alibaba says that it will not allow violation of the platform’s terms. NewsPinduoduo and Alibaba clash over ban affecting group-buying platform Juhuasuan2 mins read
The China e-commerce giant is said to have devoted at least USD 800 million in sponsorship for the Olympic Games. Visual StoriesKEY STAT | Alibaba sees Olympic vision hanging in the air after postponement of Tokyo Games3 mins read
The transaction is expected to close within the first half of 2020. NewsHit hard by the COVID-19 pandemic, Uxin sells B2B used car auction business to 58.com2 mins read
30 states and Union Territories are under complete or partial lockdown. NewsLockdown amidst coronavirus scare has delayed e-commerce deliveries in India2 mins read