China Newsbase
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The China News Database was last updated at 08:27AM on December 31, 2023.
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62 articles matching the search query.
‘Back from the dead’ — phrase of the week
One of China’s unluckiest entrepreneurs is making a miraculous comeback after a pivot into live-stream ecommerce. He’s brought his business back from the dead.
Ecommerce is bursting out of China into Southeast Asia and the Middle East
Chinese cross-border ecommerce and supply chain service companies are expanding into the rest of the world and aiming to lead an ecommerce miracle similar to China’s.
With data centers and banking, Alibaba is building a global empire
By diversifying its range of services beyond ecommerce, Alibaba is building on its success in China by venturing into global markets from Asia to the Middle East and Europe.
Did this year’s 618 ecommerce festival pull China out of its consumer slump?
Overall growth rates this year are more muted than in the past, but underlying trends point to changes in consumption patterns in the near future.
An NFT explosion is taking place in China, but how long will it last?
An NFT can be almost anything, cost any price, and be subject to few if any regulations, and everyone from Alibaba to Moutai is joining the wave.
Pinduoduo, the ecommerce platform for Chinese farmers, had a profitable quarter despite the slowing economy
Pinduoduo, a platform that competes with China’s ecommerce king, Alibaba, allows farmers to sell their produce directly to consumers, and it’s making money despite the COVID lockdown slowdowns.
Chinese supermarkets, airlines, and hotels are COVID victims, but ecommerce companies are raking it in
Supermarkets, airlines, hotels, movie theaters, and other businesses dependent on physical human traffic are suffering under China’s COVID-19 lockdowns, but ecommerce companies are raking it in.
With COVID-19 and ecommerce, high-end malls thrive while older shopping centers die
Older malls can’t seem to keep up with the allure of easy online shopping or luxurious new shopping centers.
Buoyed by Chinese consumers, L’Oréal defies earnings expectations
L’Oréal, the massive French beauty brand, posted record annual sales in 2021 on the strength of the Chinese cosmetics sector. The company’s future in China is bright as the country’s middle class is expected to expand by over 300 million people this decade.
Why ecommerce livestreaming will survive Beijing’s crackdowns
China’s ecommerce livestreaming industry is now a mainstay in Chinese consumers’ lives. But the government’s latest scourge against celebrity influencers has thrown the booming ecosystem into uncharted territory.
What will happen to private tutoring? New Oriental’s 2022 game plan
New Oriental Education ($EDU), the largest Chinese tutor on the block, recently posted a year-end summary: Revenues in 2021 decreased by 80%; 60,000 employees were dismissed; and the company lost 20 billion yuan ($3 billion) through such expenses as tuition refunds and severance pay.
Tencent off-loads share in gaming company
Tencent has off-loaded $3 billion worth of shares in the Singapore-based gaming and ecommerce firm Sea, in a move to align its portfolio to match the priorities of Beijing’s “common prosperity” and sustainability push.
China’s Singles Day avoids the limelight
How to run an event centered around rampant consumerism in the age of “common prosperity.” This story is from the The China Project A.M. newsletter — sign up for free here.
Influencers on steroids: Live-streaming salespeople are the future of social media
A story from the The China Project A.M. newsletter. Sign up for free here.
For Douyin, the grass is greener at competitor Little Red Book
A story from the The China Project A.M. newsletter. Sign up for free here.
China’s Red New Deal: Tracking all the different crackdowns on companies going on right now
Updated October 26: The China Project’s tracker of all of China’s different crackdowns — now affecting 19 different industries or interest groups.
China’s brick-and-mortar bookstores are making a comeback
Chinese bookshops nearly died under the assault of ecommerce companies, but they are booming again as cultural centers and recreational spaces where books are just one part of the offering.
Pinduoduo is bigger than Alibaba, and its chairman steps down
Pinduoduo is now China’s largest ecommerce platform by annual active users, surpassing Alibaba.
Valium and other meds for sale illegally as online pharmacies boom in China
More and more Chinese people are getting their prescription medicine from online pharmacies, but the young industry has plenty of growing pains.
How China’s ecommerce helped stamp out the pandemic
Apart from strongman politics, China’s logistical networks — ultra-fast, thoroughly diffused, and widely trusted — helped a nation weather lockdown during COVID-19.
