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Meituan Dianping reports 1.7 billion yuan loss in first quarter operating revenue
China's service-focused e-commerce giant Meituan Dianping reported a loss of 1.7 billion yuan (about 238 million U.S. dollars) in operating revenue in the first quarter of this year.
China to facilitate int'l e-commerce forex settlement
China announced Wednesday eased rules on foreign exchange settlement and purchases amid efforts to support cross-border e-commerce and other new trade industries.
JD.com's revenue up 20.7 pct in first quarter
Chinese e-commerce giant JD.com reported steady revenue growth in the first quarter (Q1) of 2020, with its net revenue expanding 20.7 percent year on year.
Gov't-initiated online shopping festival sees sales top 25 bln USD
China's recent online shopping festival, initiated by several government departments, saw sales hit 182.51 billion yuan (about 25.72 billion U.S. dollars), an official with the Ministry of Commerce (MOC) said on Thursday.
Alibaba.com launches global online trade show
Alibaba.com launched its first global online trade show on Monday, as a new channel for traditional trade businesses to reach customers at a time when many exhibitions have been canceled amid the COVID-19 epidemic.
Amazon launches SageMaker service in China
Amazon Web Services (AWS), a subsidiary of Amazon.com, on Tuesday announced that its Amazon SageMaker is now available in China.
China Lianyungang e-commerce development conference and first 518 online shopping festival to be held on May 18
China Lianyungang e-commerce development conference and the first 518 online shopping festival will be held in Lianyungang city, east China's Jiangsu Province on May 18.
Central China's Henan opens 1st cross-border e-commerce freight air route to U.S.
An all-cargo chartered plane took off Wednesday night from Zhengzhou, capital of central China's Henan Province, heading for New York . It marks the launch of Henan's first freight air route to the U.S. for cross-border e-commerce.
E-commerce channels contribute over half of Q1 home appliance sales: report
China's online retail sales have played a bigger role in boosting home appliances consumption, with e-commerce contributing over 50 percent of the total retail sales in the first quarter of 2020, said a report released by the think tank CCID under the Ministry of Industry and Information Technology.
China's livestreaming service users reach 560 mln: report
The number of online livestreaming service users in China had reached 560 million as of March 2020, accounting for 62 percent of the country's total number of internet users, according to a report on China's internet development.
Pinduoduo reports narrower losses in 2019
China's fast-growing online group discounter Pinduoduo reported a net loss attributable to ordinary shareholders of 6.968 billion yuan in 2019, compared to 10.298 billion yuan in the previous year, China Securities Journal reported on Sunday.
China Focus: The rise of the digital economy amid COVID-19
Though the number of in-store customers has been curtailed due to COVID-19, shops in the Haining Leather Center in Hangzhou, east China's Zhejiang Province, have seen orders going up by a staggering number, as they drum up their businesses online.
Pinduoduo plans 50 bln yuan on rural e-shops
China's fast-growing online group discounter Pinduoduo on Tuesday announced its plan of investing no less than 50 billion yuan (about 7 billion U.S. dollars) in the next five years to promote e-commerce in rural areas of the country.
Online shopping boosts consumption in China amid epidemic
Affected by the COVID-19 epidemic, many Chinese consumers turn to online shopping when staying indoors, boosting stay-at-home economy, live-streaming e-commerce and cloud shopping that reflect the new trends in China's consumer market.
Cross-border e-commerce helps NE China's Hunchun become a B&R hotspot
Hunchun, a border city in northeast China’s Jilin Province, saw its foreign trade reach 1.98 billion yuan in the first quarter of 2020, up 12 percent year on year.
China's land port sees burgeoning e-commerce export business
Alataw Pass, a major rail port in northwest China's Xinjiang Uygur Autonomous Region, has seen a booming cross-border e-commerce retail export business this year.
China's e-commerce sector reports more female users: report
China's e-commerce sector saw a rising amount of female users in February during the epidemic outbreak, an industrial report showed.
Large distribution, virtual fairs, e-commerce: Made in Italy to relaunch the sector
Foreign Minister Luigi Di Maio writes to exporters. Thematic tables with trade associations will start from next week. The government focuses on digital and promotion
China's e-commerce giant Alibaba announces relief initiative for SMEs
East China's Zhejiang Province and the country's e-commerce giant Alibaba Group jointly launched an initiative Tuesday to boost the digital development of small and medium-sized enterprises.
GDCS sweatshirts to restart thanks to the e-commerce and China
The small company of the Calza brothers, from Milan, has resumed the activity thanks to the three Chinese stores which have reopened. The idea is to innovate only by changing the way in which the image of the s-s 2021 collection is received and perceived.
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