Douyin, the Chinese version of TikTok that is betting big on e-commerce, has made its “express refund” policy mandatory, forcing merchants to immediately return money to consumers upon request to compete with similar offerings on Taobao and Pinduoduo. The platform operated by Beijing-based ByteDance, which added a shopping channel in 2019, allows users to get … Read more
With the ongoing housing crisis (among other financial anxieties) causing Americans great economic stress, many say they believe it is more beneficial to focus on owning a business than owning a house. In Intuit QuickBooks’ recently released a report titled “Entrepreneurship in 2024 Report,” which examined SMB and entrepreneurial trends for 2024 with a survey … Read more
New “refund only” policies introduced by Chinese e-commerce players including Alibaba Group Holding’s Taobao and JD.com have sparked concern among some sellers about potential abuse of the terms, according to merchants and analysts. Taobao and JD.com in late December introduced new policies that – in certain circumstances – allow shoppers to receive a refund for … Read more
TikTok, the global hit short-video platform owned by ByteDance, aims to grow the size of its US e-commerce business tenfold to as much as US$17.5 billion this year, according to people familiar with the matter, posing a bigger threat to Amazon.com. The 2024 merchandise volume goal for the US version of TikTok Shop – which … Read more
The Beijing High People’s Court on Friday ruled that Alibaba, owner of the South China Morning Post, “abused its market dominance” and conducted the monopolistic tactic known as “ picking one from two”, which caused damage to JD.com’s business, according to a statement released on the same day by the Beijing-based online retailer. JD.com hailed … Read more
Cutthroat competition in China’s vast e-commerce sector is poised to escalate, as leading shopping platforms JD.com and Alibaba Group Holding’s Taobao offer a “refund only” policy so consumers can keep the goods they had bought but complained about – matching an option that budget online retailer Pinduoduo has had in place since 2021. JD.com on … Read more
Last Updated: December 13, 2023, 15:30 IST Big Delivery Companies Go Electric for Greener and Cheaper Deliveries. (Photo: Revamp Moto) E-commerce giants in India shift gears to electric fleets, aiming for greener, cheaper, and more efficient urban deliveries with EV adoption plans. Delivery giants are making a smart move by using electric fleets, known as … Read more
On Nov 27, Mr Singh received not eggs but a call from a UOB customer service officer, asking about a hefty credit card transaction which Mr Singh “vehemently denied”. He checked his bank accounts with both UOB and DBS and found, to his horror, that all of his funds had been depleted. “When (I saw) … Read more
Alibaba Group Holding is pushing millennials, typically defined as those born in the early 1980s to mid-1990s, to take key roles in the country’s largest online market, as the Hangzhou-based e-commerce giant repositions itself to fend off fierce competition from rivals such as PDD Holdings. The company’s Taobao and Tmall Group has promoted six young … Read more
Alibaba Group Holding’s Damo Academy has established a new research unit, which started recruiting the first batch of more than 100 postdoctoral candidates it aims to train, marking the Chinese e-commerce giant’s latest push to expand its global research programme in cutting-edge technologies. The new research unit will support these candidates’ postdoctoral work across various … Read more
