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Pinduoduo cements position as China’s second-largest ecommerce player

Pinduoduo cements position as China’s second-largest ecommerce player Alibaba and JD.com have been in a war over the Chinese e-commerce space for a decade or so, but a third player called Pinduoduo has managed to shake up the duopoly in recent times. The startup, which was founded in 2015 by an ex-Googler […]

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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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Alibaba takes an 8% stake in Tencent-backed anime streaming site Bilibili

Alibaba takes an 8% stake in Tencent-backed anime streaming site Bilibili Ecommerce giant Alibaba is continuing its push into the world of youth culture after it scooped up an 8 percent stake in anime streaming and game publishing company Bilibili. According to a securities filing on Thursday, Alibaba’s Taobao marketplace has acquired about 24 […]

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Alibaba’s alternative to the app store reaches 230M daily users

Alibaba’s alternative to the app store reaches 230M daily users WeChat isn’t the only one doubling down on lite apps. Ever since China’s messaging titan introduced “mini programs” two years ago, a handful of its peers including Alibaba and Baidu have followed with their own manifestations. Alipay, the payments solution affiliated with […]

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Indonesia e-commerce leader Tokopedia raises $1.1B from Alibaba and SoftBank’s Vision Fund

Indonesia e-commerce leader Tokopedia raises .1B from Alibaba and SoftBank’s Vision Fund Indonesia-based e-commerce firm Tokopedia is the latest startup to enter the Vision Fund after it raised $1.1 billion Series G round led by the SoftBank megafund and Alibaba. SoftBank and Alibaba are existing investors in the business — the Chinese […]

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Alibaba rival JD sees Singles’ Day revenue jump 27% thanks to offline push

Alibaba rival JD sees Singles’ Day revenue jump 27% thanks to offline push Alibaba may have pioneered the concept of Singles’ Day, the world’s largest shopping day based on sales, but it very much not the only e-commerce giant involved. JD.com, Alibaba’s biggest rival in China, just announced that it sold RMB 159.8 billion […]

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Starbucks partners with Alibaba on coffee delivery to boost China business

Starbucks partners with Alibaba on coffee delivery to boost China business Starbucks is palling up with Alibaba as it seeks to rediscover growth for its business in China. China has been a bright spot for some time for the U.S. coffee giant, but lately it has struggled to maintain growth — its […]

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The incredible rise of Pinduoduo, China’s newest force in e-commerce

The incredible rise of Pinduoduo, China’s newest force in e-commerce Editor’s note: This post originally appeared on TechNode, an editorial partner of TechCrunch based in China. From Alibaba to JD, China is not short of e-commerce powerhouses. Although the country’s e-commerce market is highly consolidated, it’s not impossible for startup teams to […]

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Alibaba boosts its offline reach with $2B+ investment in outdoor digital marketing firm

Alibaba boosts its offline reach with B+ investment in outdoor digital marketing firm Alibaba is investing big bucks into offline distribution. The Chinese e-commerce giant has forked out $2.23 billion in exchange for a sizeable piece of Focus Media, a Shanghai-based company that operates outdoor digital advertising screens across China, Singapore and Hong Kong, […]

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Alibaba’s Ant Financial partners with Hutchison to develop its Alipay service in Hong Kong

Alibaba’s Ant Financial partners with Hutchison to develop its Alipay service in Hong Kong  Ant Financial, the Alibaba affiliate that operates payment service Alipay and other digital finance products, has continued its Asia expansion with a move into Hong Kong. Alipay and Alibaba’s MyBank digital bank dominate in China, where they are used […]

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