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11.06.26 - 10:36
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As 618 shopping frenzy grows, Beijing warns e-commerce giants over price-war tactics (SCMP)
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As China's annual “618” shopping festival – one of the country's biggest online retail events – gathers momentum, Beijing's market regulator on Thursday summoned major e-commerce platforms over a series of marketing malpractices, marking the latest effort by authorities to curb so-called involution-style competition.
The Beijing Municipal Bureau of Market Supervision and Administration said it had called in representatives from Alibaba Group Holding's Taobao and Tmall, JD.com, Pinduoduo, Douyin......
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10.06.26 - 11:00
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PDD Establishes New Company in Xiongan, Plans to Hire 5,000+ Jobs (AAStocks)
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PDD Holdings Inc. (PDD.US) established Pinduoduo Information Technology Services (Xiong'an), focusing on big data processing, digitalized operations and maintenance, and cloud platform services. The company pumped RMB500 million in cash as initial capital contribution.PDD launched a dedicated recruitment program for the new ......
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