(source: en.wikipedia.org)
Even as Pinduoduo, founded in 2015, overtakes Alibaba to become China’s largest eCommerce company, a shakeup at the top continues. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
Alibaba Group — the biggest eCommerce platform in China — will host its bargains app, Taobao Deals, on Tencent’s WeChat platform, Bloomberg reported, citing sources. The move was prompted by China’s antitrust regulators, who are in the midst of an aggressive campaign to reel in...
One of the best ways for new technology to gain mainstream acceptance is to get a stamp of approval from a trusted brand, from a marquee name within a vertical. Such an embrace fosters trust. And that may be the for non-fungible tokens (NFTs) which got a...
Just two months into the pandemic, in May 2020, Instagram announced Instagram Shop, whereby businesses can sell directly through their Instagram accounts. The feature unveiled just as many businesses were already taking advantage of the platform’s massive user base and highly responsive algorithm to drive...
China’s market regulator, the State Administration of Market Regulation (SAMR), has been incredibly active of late, with a newfound interest in everything from the conduct of eCommerce platforms to FinTech. Regulators are keyed into the online market, Wei Li, an SAMR official told Xinhua News...
In China, eCommerce livestreaming is a huge revenue generator. As the country increases its regulatory scrutiny of eCommerce companies, such livestreaming has become the latest target. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
A trillion dollars is a lot of money, by any stretch of the imagination. Now it’s a bit of a benchmark, perhaps a psychological one. After all, on Wall Street not all that long ago, investors waited with bated breath to watch Apple and other...
There are a lot of things U.S. consumers associate with the car buying experience. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS...
As consumers adopt digital ordering and delivery services to fulfill more and more of their routine needs, a wide range of businesses are trying their hand at grocery delivery. Amid the razor-thin margins of grocery delivery, the largest companies tend to be at a huge...
