ByteDance-owned Douyin

Alibaba’s Tmall waives annual service fee, while Taobao relaxes ‘refund only’ policy

by
Alibaba’s Tmall waives annual service fee, while Taobao relaxes ‘refund only’ policy

Tmall, home to mainly established brands and sellers, from September 1 will waive its annual software service fee that used to range from 30,000 yuan (US$4,145) to 60,000 yuan for merchants in various categories, Alibaba’s main e-commerce unit Taobao and Tmall Group (TTG) announced on Friday. Alibaba owns the South China Morning Post. Existing Tmall … Read more

Pinduoduo heats up price war during China’s 618 shopping festival with tool for merchants to quickly adjust cost of goods

by
Pinduoduo heats up price war during China’s 618 shopping festival with tool for merchants to quickly adjust cost of goods

The novel system, which Pinduoduo rolled out on Wednesday, provides merchants on the platform a fast and intelligent way to “keep pace with [the pricing strategy of] competitors”, according to a report by Chinese digital media DoNews on Thursday. The system, for example, will automatically adjust the online prices of its user as soon as … Read more