The personalised feed recommendations that were added to the Taobao app in late 2018 are now generating more traffic than traditional search, parent company Alibaba Group Holdings (NYSE: BABA) has confirmed. MAUs across Alibaba’s c-to-c and b-to-c marketplaces, Taobao and Tmall, reached 699 million in December, a quarterly net increase of 33 million. The company’s upgrade to the Taobao app was cited as a key reason...
China e-commerce giant Alibaba Group Holding (NYSE: BABA) beat expectations in Q3 2018, a rare bright spot as at least 20 Chinese companies warned investors that full-year earnings would lag expectations. Revenue growth, however, did fall to the lowest rate in two years.
China's Mgzf.com, a rental property listings platform backed by fintech giant Ant Financial, has begun offering financing to rental landlord users. Partnering with Ant Financial, the site is offering loans of up to one million RMB ($140,000 U.S.).
The Chinese internet and tech sector has seen major companies pump the brakes on their headcount in recent weeks. NetEase, Meituan Dianping and Qunar laid off in December, while Alibaba (NYSE: BABA) disclosed that it would be postponing hiring.
With the 2019 U.S. Trade Representative's (USTR) "Notorious Markets" blacklist set to be released in the coming months, Alibaba (NYSE: BABA) has released a report detailing its success in efforts to reduce IP infringement on c-to-c and b-to-c e-commerce platform Taobao.
B-to-c used electronics marketplace app Cola Goods (AKA, KeLe YouPin) has been an early success for consumer electronics recycling provider HuiShouBao, according to founder and CEO He Fan. As of early 2019, "Cola Goods is adding 50,000 new users per day," He confirmed.
Alibaba (NYSE: BABA) founder Jack Ma is no longer a shareholder of Zhejiang Taobao Network Co. Ltd., the corporate entity that owns c-to-c marketplace Taobao, according to a report from Caixin.
Alibaba-backed used goods platform Xianyu has launched a new b-to-c electronics outlet platform, called Xianyu Youpin. Xianyu director of operations Shi Jian 石坚 confirmed that Dell, TCL, and Lenovo have already signed up to the new brand-led sister platform.
University student temping site Qtshe.com has announced that it has broken its record for new users in a single day, with 150,000 sign-ups, a five-fold increase from late 2017.
Chinese used auto transaction and financing provider Uxin (NASDAQ: UXIN) has seen its market cap collapse once again, nullifying the gains made in a brief rally linked to the announcement of a partnership with e-commerce marketplace Taobao.