Alibaba courts CEOs to start live-streaming on Taobao during 618 shopping festival

Alibaba courts CEOs to start live-streaming on Taobao during 618 shopping festival

Alibaba Group Holding is pushing CEOs to live-stream on its domestic e-commerce platform Taobao, as the tech giant ramps up efforts to win back consumers from rising rival Pinduoduo and other budget-focused platforms during China’s midyear shopping festival. Taobao launched a new live-streaming service on Wednesday that features business executives looking to promote their companies … Read more

‘No way out’: JD.com founder Richard Liu warns staff not to ‘lie flat’ as China’s e-commerce incumbents fall behind PDD

‘No way out’: JD.com founder Richard Liu warns staff not to ‘lie flat’ as China’s e-commerce incumbents fall behind PDD

JD.com founder and chairman Richard Liu Qiangdong has urged his staff to take more proactive actions to fend off competition and fix management problems or else there would be “no way out” for the e-commerce giant. The Chinese billionaire entrepreneur made those comments in a a thread on JD.com’s internal discussion board, where an employee … Read more