Law regulating online shopping activities enforced in China
The e-commerce law newly enforced in China on Jan 1, 2019, aims to improve regulation over vast online markets that have been dominated by players like Alibaba and JD.com.
The e-commerce law newly enforced in China on Jan 1, 2019, aims to improve regulation over vast online markets that have been dominated by players like Alibaba and JD.com.
Macy's was once a top online retailer that sold imported products to consumers in China, but will now exit the Chinese market entirely.
The boss of Chinese largest e-commerce operator announced earlier this month that he will step down in 2019.
JD.com's self-owned logistics enabled 90 percent of orders to be delivered within the day or the day after.
Amazon is offering a so-called 72-hour 'Real Black Friday' shopping festival to Chinese consumers this year by allowing them to shop at four of its most favorable overseas Amazon websites in a bid to boost sales.
The annual shopping event in China has also generated 1.38 billion packages in just one day, according to a big data firm.
Chinese giants Alibaba and Tencent have greatly empowered the development of digital trading in China, making the country the largest ecommerce market globally for consecutive years in terms of trading value.
The joint venture with Emtek will provide mobile payments technology to ecommerce platforms in Indonesia.
The US beverage chain has become the first retail brand to use the digital gift-sharing service by Tencent's WeChat.
The Chinese ecommerce giant has, for the first time, shied away from mentioning GMV figures in its earnings report, playing down the importance of their traditional ecommerce business to group revenue within a slowing economy.