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Alibaba challenger Pinduoduo is bringing imported goods to rural homes

Alibaba challenger Pinduoduo is bringing imported goods to rural homes Pinduoduo, the latest challenger to China’s ecommerce dominators Alibaba and JD.com, wants to bring affordable, imported items to shoppers in China’s smaller cities and rural areas. The three-year-old Tencent-backed ecommerce upstart is recruiting importers to set up shop on its marketplace, shows […]

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China wants its rural villages to go cashless by 2020

China wants its rural villages to go cashless by 2020 Residents of even the tiniest far-flung villages in China may soon be able to pay on their phones to run daily errands as Beijing announced this month that it aims to make mobile payments ubiquitous in rural areas by the end of […]

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Alibaba’s growth slows to lowest in 4 years

Alibaba’s growth slows to lowest in 4 years China’s Alibaba continues to see slowing expansion in the latest quarter, but the e-commerce giant’s effort to spur new growth from new arenas have started to bear fruit. The Hangzhou-based firm rang up $17 billion in revenue during the third quarter of 2019. That’s […]

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The end of China’s ride-sharing gig

The end of China’s ride-sharing gig Over the last few years, millions of Chinese workers managed to earn extra money by being ride-hailing drivers. Many picked the gig because of its flexible schedule. For those who could not otherwise afford to own a car in China’s pricy metropolises, driving around is also […]

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FedEx is adding 1,000 Chanje vans to electrify its fleet

FedEx is adding 1,000 Chanje vans to electrify its fleet FedEx is turning to a relatively new and unknown startup as it ramps up its efforts to electrify its fleet of delivery vans. The company announced Tuesday plans to add 1,000 electric delivery vehicles from Chanje Energy, a California-based and China-backed startup founded in 2015. […]

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11/11 shows biometrics are the norm for payments in China

11/11 shows biometrics are the norm for payments in China Chinese consumers were quick to adopt digital payments, and a recent shopping binge showed they are ready for another leap: biometric payments. On November 11, Alibaba wrapped up Singles’ Day – the world’s largest shopping event – and hauled in $30.8 billion in […]

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The dramatic rise and fall of online P2P lending in China

The dramatic rise and fall of online P2P lending in China Editor’s note: This post originally appeared on TechNode, an editorial partner of TechCrunch based in China. When Emily Zhang was interning with a peer-to-peer (P2P) lending firm in the Summer of 2016, her main task was to carry out research on […]

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WeWork China raises $500M to triple the number of cities it covers

WeWork China raises 0M to triple the number of cities it covers WeWork’s China business is getting a fresh injection of capital after it raised $500 million. The company entered China two years ago and today it covers Beijing, Shanghai and Chengdu with nearly 40 locations. It claims 20,000 members, and it […]

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