Luo Yonghao, the founder of struggling Chinese smartphone maker Smartisan, announced Thursday he is embarking on a new business endeavor: an e-commerce livestreaming business selling gadgets, groceries, and snacks.
Why it matters: Luo is an int…
Jul 11, 20191 min read Image credit: MeicaiMeicai, the Chinese app that allows farmers to sell their produce directly to restaurants, aims to raise at least $500 million in new funding to fuel expansion in China’s costly fresh-foods market, Bloomber…
Jul 11, 20191 min read Image credit: ShutterstockChina’s online store operators and e-commerce platforms that engage in unfair practices against competitors will be added to the country’s official credit blacklist, according to a new draft rule …
Jul 10, 20191 min read The user received this photo of a man kissing a photo of her daughter via Xianyu. (Image credit: Hongxing News)Alibaba’s second-hand e-commerce platform has come under the spotlight after a user went to the police over explici…
Jul 5, 20191 min read Amazon halts sales of paper books in China, more businesses to close in near future — Global TimesWhat happened: E-commerce giant Amazon has halted official sales of paper books in China while the platform’s third party sellers…