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Alibaba's Freshippo Grocery Chain Opens 12 More Stores

Sohu, 6/30/23

Freshippo, the high-tech grocery chain of Chinese internet giant Alibaba Group (NYSE: BABA; 9988.HK), announced today it has opened 12 more stores in eight cities across mainland China, including Beijing, Shanghai, and Guangzhou. Read More

Alibaba's Cainiao to Roll Out 5-Day Delivery Service Globally

Alibaba Group, 6/28/23

Cainiao Network, the logistics arm of Chinese e-commerce giant Alibaba Group (NYSE: BABA; 9988.HK), pledged today to deliver cross-border parcels within five working days, which it said would be 30% faster than the industry standard. Read More

JD.com to Start 2023 Singles Day Sale October 23, Showcasing Low Prices

JD.com, 10/20/21

Chinese B2C e-commerce platform operator and retail infrastructure service provider JD.com (Nasdaq: JD; 9618.HK) has announced its 2023 Singles' Day Grand Promotion will kick off on October 23 at 8 p.m. Read More

Alibaba's Rebrands Community Marketplaces Business to 'Taocaicai'

Alibaba Group, 9/17/21

Chinese internet conglomerate Alibaba Group (NYSE: BABA; 9988.HK) announced today that on September 14, it rebranded its community marketplaces business to "Taocaicai" from Taobao Grocery and Freshippo Market. Read More

China's H1 2019 Internet User Base Reaches 854 Mln

CNNIC, 8/30/19

China's internet user base reached 854 mln in H1 2019, up nearly 26 mln from the end of H2 2018, among which the mobile internet user base was approximately 847 mln, up almost 30 mln from the end of H2 2018, according to data in the China Internet Network Information Center's (CNNIC) newly released H1 2019 State of the Chinese Internet Report. Read More

China Issues 5G Commercial Operations Licenses

MIIT, 6/06/19

China's Ministry of Industry and Information Technology (MIIT) announced today that it has issued 5G mobile communications commercial operating licenses to four companies, including the parent companies of China Mobile (NYSE: CHL; 0941.HK), China Unicom (NYSE: CHU; 0762.HK; 600050.SH), and China Telecom (NYSE: CHA; 0728.HK), as well as to national cable TV network operator China Broadcasting Network Corporation. Read More

China's H2 2018 Internet User Base Reaches 829 Mln

CNNIC, 2/28/19

China's internet user base reached 829 mln in H2 2018, up nearly 27 mln from the end of H1 2018, among which the mobile internet user base was approximately 817 mln, up over 29 mln from the end of H1 2018, according to data in the China Internet Network Information Center's (CNNIC) newly released H2 2018 State of the Chinese Internet Report. Read More

B2B Wine E-commerce Platform 'E Jiupi' Wins USD 200 Mln Series D

36Kr.com, 9/20/18

Beijing-based Yi Jiupi E-Commerce, operator of online and mobile wine B2B e-commerce platform E Jiupi, recently announced the completion of USD 200 mln in Series D funding at a valuation of USD 1.1 bln, making it China's latest entry to the internet unicorn club. Read More

Rumor: Didi Chuxing's Takeout Delivery Service May Refocus on Overseas Markets

Caijing.com.cn, 9/17/18

Chinese taxi booking and car hire service app Didi Chuxing's plans to expand its food delivery service Didi Foodie to the cities of Jinan and Xi'an in August were suspended in late July. Read More

JD.com, Wal-Mart Invest USD 500 Mln in Online Grocery Delivery Platform Dada-JD Daojia

Sina Tech, 8/09/18

Online grocery delivery platform Dada-JD Daojia (New Dada), operated by Shanghai-based Qusheng Network Technology, recently announced completion of USD 500 mln in new funding from Wal-Mart and Chinese B2C e-commerce platform JD.com (Nasdaq: JD). Read More