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Top News In Taobao Marketplace Today - Breaking & Trending Today

Alibaba sheds nearly 10,000 employees in June quarter as the e-commerce giant cuts costs amid sluggish sales, slowing economy

The reduced payroll reflects Alibaba’s renewed efforts to cut expenses and drive up efficiency, as the company faces a slowing economy in China. ....

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Hong Kong's online retail market has become too crowded for ecommerce giant Alibaba, which is closing its local Tmall site

Alibaba will shut down operations of Tmall Hong Kong on Oct 31, as the company sharpens its focus on cross-border ecommerce opportunities. That move comes as no surprise, according to analysts, because Hongkongers have plenty of online shopping platforms to choose from. ....

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China's Newest Regulations Target Livestreamers and Content Creators, Set Qualifications to Post Medical, Law, and Finance Content

China has again published a new regulation that disallows 30 behaviors and, at the same time, mandates livestreamers to instead talk about law, finance, and medicine. ....

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Client who molested Alibaba worker jailed for 18 months in China

Jinan court found Zhang Guo committed coerced molestation after he ‘violated the will of the victim and molested her when she was drunk’. The woman, who has since been fired, also accused her former supervisor of rape but police last year said his actions did not constitute a crime. ....

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China's 618 online shopping festival more muted than previous years as platforms shift focus from sales to service quality

More muted tone for 618 amid economic slowdown also underlines reality that days of breakneck e-commerce growth in China are over, said analysts. ....

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