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Chinese e-commerce firms JD com and Alibaba s Taobao roll out refund only policy to shoppers, heating up rivalry with budget retailer Pinduoduo

The two e-commerce giants are taking a leaf out of the playbook of budget online retailer Pinduoduo, which has had that policy in place since 2021.

Richard liu qiangdongJack maChen hudongZhuang shuaiSouth china morning postSouth china morningSingle dayE commerceJd comAlibaba group holdingEfund only policyPdd holdingsEak domestic consumer spendingJack maRichard liu qiangdongLie flat

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Guo gepingShanghai bailian groupChina chainFranchise associationChain storeBailian groupSuning appliance

Discounts, low prices heat up year-end online shopping

Discounts, low prices heat up year-end online shopping
china.org.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from china.org.cn Daily Mail and Mail on Sunday newspapers.

Dai shanLi chengdongLiu qiangdongJack maAlibaba taobaoMo daiqingZhuang shuaiInternet economy instituteBain companyAlibaba group holding ltdTmall groupDeqing countySingles dayDouble elevenInternet economyBailian consulting

No way out : JD com founder Richard Liu warns staff not to lie flat as China s e-commerce incumbents fall behind PDD

‘So many issues have emerged, certainly because I mismanaged,’ Richard Liu wrote, as the growth pace of JD.com and competitor Alibaba falls behind budget retailer PDD.

Zhuang shuaiLi chengdongJack maSouth china morning postAlibaba group holdingSingle dayRichard liuJd comChina economyChinese consumers

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elwakt.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from elwakt.com Daily Mail and Mail on Sunday newspapers.

Guo gepingChina chainShanghai bailian groupFranchise associationChain storeBailian groupSuning appliance