Pinduoduo

Platform News: China's Alibaba online marketplace

Alibaba’s e-commerce empire under threat from Douyin, Pinduoduo

For more than a decade, Alibaba Group has been China’s undisputed e-commerce king but of late its crown has shown signs of slipping, unsettled by an influx of aggressive comp...

Pinduoduo

Chinese e-commerce platform Pinduoduo slumps after revenue miss

US-listed shares of Pinduoduo plunged as much as 18% in early trading on Friday after the Chinese e-commerce platform missed quarterly revenue expectations as new coronavirus outbr...

Platform NewS: China's ByteDance CEO and TikTok apps Founder

Source: ByteDance founder Zhang Yiming steps down as chairman

ByteDance founder Zhang Yiming has stepped down as chair of the company, after saying in May he would step down as CEO, a person with direct knowledge of the matter told journalist...