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China s New Oriental fires live-streaming e-commerce platform CEO, promotes top influencer after corporate infighting

New Oriental’s East Buy fired Sun Dongxu after he appeared to back the idea that star live-streamer Dong Yuhui was taking too much credit for the company’s success.

Perfect Diary s new multi-benefit lipstick attracts high-value customers

Chinese makeup brand Perfect Diary says it has managed to pull in a new group of “high-value customers” which the launch of lipstick that showcases its R&D efforts.

JD com founder says firm is bloated , as China e-commerce giants face pressure, ET Retail

JD.com and rival Alibaba have long been China s top e-commerce firms, but both have seen increasing competition this year from lower-priced rivals PDD Holding s Pinduoduo and ByteDance s Douyin as wary consumers, faced with macroeconomic headwinds in China, hold tight to their purse strings.

Amid rising competition, JD com founder admits firm is bloated and inefficient

The founder of JD.com told staff he acknowledged the e-commerce giant was too large and inefficient and vowed to instil change.

JD com founder says firm is bloated , as China e-commerce giants face pressure

The founder of JD.com told staff he acknowledged the e-commerce giant was too large and inefficient and vowed to instil change, in response to a staff complaint about problems with the platform amid intensifying competition. Richard Liu made the comments in an internal staff forum in response to a post by an employee, local media reported. Liu then responded, acknowledging problems and saying they were due to his "poor management".

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