Wei Wenwen

ByteDance’s Douyin emerges as fast-rising rival to e-commerce giants Alibaba, JD and PDD

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ByteDance’s Douyin emerges as fast-rising rival to e-commerce giants Alibaba, JD and PDD

ByteDance’s Douyin, the domestic sibling of TikTok, has emerged as a rising contender in the Chinese e-commerce market once dominated by Alibaba Group Holding and JD.com, despite slowing growth. The Beijing-based short-video platform, which has been aggressively expanding into the online shopping business, increased gross merchandise volume (GMV) by 46 per cent year on year … Read more

Alibaba’s Taobao, ByteDance’s Douyin seek e-commerce price war detente with new policies

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Alibaba’s Taobao, ByteDance’s Douyin seek e-commerce price war detente with new policies

Two of China’s leading e-commerce platform operators, Alibaba Group Holding and TikTok owner ByteDance, have started to adjust their focus on low pricing with policy shifts that favour merchants, as they seek a more sustainable online shopping ecosystem. Douyin, ByteDance’s flagship short video app in mainland China that set up a dedicated e-commerce team in … Read more