E-commerce


China’s live-streaming revolution hits bumps in the road 

China’s live-streaming revolution hits bumps in the road 

(ATF) In 2020, live broadcast e-commerce was almost everywhere in China. As ATF reported the Double-11 online shopping event, which was mostly boosted via live streaming clocked of over 372 billion transactions.However, it should be noted that with the surge in live broadcasts, problems have arisen – in fact "chaos" …

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What's behind the Jack Ma and Alibaba regulatory woes?

What is behind the Jack Ma and Alibaba regulatory woes?

Following the recent hullabaloo over Jack Ma and his prodigy, the massive Ant Group, many analysts have made their opinions known. Some, using questionable assumptions, believe that the impact of the state scrutiny will be insignificant and recommend 'buy in the dip'. Others have been more cautious, noting the lack …

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China tech giants told to give jobs back to local grocers

China tech giants told to give jobs back to local grocers

(ATF) China’s market regulators have issued “nine must-not” guidelines to e-commerce giants such as Alibaba, Tencent, and JD.com to crack down on a new social sales model that is taking jobs away from traditional small businesses in a pandemic-stricken economy. These tech giants are in the crosshairs of Beijing’s anti-monopoly …

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Sunway aborts live-streaming sales move amid regulatory clampdown

Sunway aborts live-streaming sales move amid regulatory clampdown

(ATF) The shares of Sunway have continued falling after the Shanghai-listed special cable-maker said it will not be acquiring a majority stake in Chinese TikTok star Luo Yonghao’s live-streaming e-commerce start-up after a change in the country's regulatory environment.Sunway, based in Leshan in Sichuan province, decided to drop its previously …

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New rules bring China’s internet giants to heel

New rules bring China’s internet giants to heel

(ATF) At noon on November 10, Chinese officials issued a report with a long and boring title that few people in the country are ever likely to read. But this weighty document could have serious ramifications not only for China's biggest corporate entities, but considerable flow-on effects for all citizens.Not …

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China goes to war on excessive courier packaging

China goes to war on excessive courier packaging waste

(ATF) As China's leaders whip citizens into a consumer frenzy to prop up the economy, other officials are trying to figure out what to do about the byproduct of their latest e-commerce binge – how to deal with all the packaging – the billions of cartons, plastic, tape and other …

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China passes consumption test with flying colours

China passes consumer test with flying colours

(ATF) Millions across China stocked up their online shopping carts in a race to snag the best deals on Singles Day – an annual shopping extravaganza that takes place on November 11 each year.Popularised by Alibaba Group Holdings as the “11.11 Global Shopping event”, Singles Day is the world’s largest …

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Tencent downplays impact of new Chinese anti-monopoly rules

Tencent downplays impact of new Chinese anti-monopoly rules

(ATF) Tencent executives led by its president Martin Lau said on a quarterly earnings call with analysts on November 12 that the firm would talk with Chinese regulators to understand what they hope to achieve with their recent release of the "Antitrust Guidelines on the Platform Economy (Draft for Comment)”.Tencent …

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China e-shopping event rings in 580,000 sales per second

China e-shopping event rings in 580,000 sales per second

(ATF) China’s annual e-commerce sales event has broken all records for sales and logistics speeds with billions of dollars-worth of products sold in the first two hours alone.The first wave of sales in this year’s so-called Double Eleven shopping festival, also called Single’s Day, clocked up 372.3 billion transactions - …

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Sunway snaps up Chinese TikTok star’s live-streaming business

Sunway snaps up Chinese TikTok star's live-streaming business

(ATF) The shares of Shanghai-listed special cable-maker Sunway have soared for two days after it said it would acquire a majority stake in Chinese TikTok celebrity Luo Yonghao’s livestream start-up at a premium of 28 times. Shortly after the announcement, Shanghai Stock Exchange issued a letter of inquiry questioning the …

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