ecommerce
TechNode: In the standard model, consumers from different cities can form a group to purchase goods—it is not restrained by geography. This standard model is often more spontaneous in the way that a shopper can share product links with anyone in their network. But community group buying is more intentional and organized. This model usually…
Emma Lee on TechNode: Short video app Kuaishou and e-commerce giant JD announced today a new partnership as the Chinese tech titans are gearing up for China’s biggest mid-year shopping extravaganza 618 on June 18. […] Kuaishou’s closer relationship with JD comes a few months after a hiccup with Taobao Live, the Alibaba-backed livestream major…
Market cap of Pinduoduo surpasses NetEase
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1 min read
TechNode reported that the market cap of Pinduoduo surpassed NetEase. Shares of Chinese newly listed e-commerce platform Pinduoduo have jumped more than 40 percent in the last three days. The market value of the company reached $33.2 billion, more than that of NetEase. The net worth of Huang Zheng, founder and CEO of the company,…
TechNode reported that JD.com grossed RMB 160 billion in its mid-year sale. China’s e-commerce platform JD.com reached RMB 159.2 billion in sales during its annual 618 Shopping Festival, which occurred between June 1 and June 18. The company said transactions were up 37% compared with the same period last year, and more than 90% of…
Tech in Asia reported that Google is investing $550m into JD.com in a strategic partnership. Most of Google’s services are still banned in China, but the US tech behemoth is trickling into that market in various other ways. Today, it announced that it’s pouring US$550 million into ecommerce powerhouse JD.com as part of a “strategic…
WeChat launches new JD shopping function
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1 min read
TechNode reported that WeChat launched new shopping function for shopping on JD.com with just a few clicks. WeChat has launched a new shopping function that lets people shop on JD.com with just a few taps. Now simply by entering consumer product related keywords into the search box at the top of the WeChat homepage or…
Re/code reported on [How Amazon Tricks You Into Thinking It Always Has the Lowest Prices Re/code](http://recode.net/2015/01/13/how-amazon-tricks-you-into-thinking-it-always-has-the-lowest-prices/). In one example, Boomerang observed Amazon testing price reductions on a $350 Samsung TV — one of the most popular TVs on Amazon — over the six months leading up to Black Friday. Then, on Black Friday, it dropped…
We brought your attention to LINE recently, notably when the popular Asian messaging system hit the 300 million user milestone. The company isn’t intent on resting on its laurels, and has just launched LINE Shopping in Malaysia today. The launch of LINE Shopping in Indonesia at the end of November was quite successful, collecting about…
Amazon packages to arrive on Sunday too
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2 min read
While there is an ongoing rush to achieve same-day delivery services, Amazon hasn’t lost focus that there are also customers who want to be able to receive their packages on a Sunday too. Amazon forges new deal with USPS to deliver packages on Sundays “If you’re an Amazon Prime member, you can order a backpack…