Caixin
Caixin Global – Latest China News & Headlines

Home >

ABOUT US

CX Tech is Caixin Global's real-time tech news portal, featuring 24-hour news, short-form analysis, and roundups from business and tech media in China.

LATEST
Trending in China: Mission Impossible? Young Environmental Hero Tries To Clean Up Tibet
Chinese Online Travel Agency Trip.com Sees Revenue Plummet As Covid-19 Fallout Lingers
Chinese Supply Chain Provider Xingyun Closes $200m in a Series C Round
Chinese EV Charging Operator Star Charge Nabs $125m Co-Led by Schneider, CICC
Trending in China: One of China’s Weirder Poverty Alleviation Programs Goes Viral with 100m Plus Views
Chinese Carmaker Geely Signs Driver-Assistance System Deal with Mobileye
Chinese Genomics Company BGI to Provide Ethiopia with Coronavirus Testing Kits Made at African Plant
Trending in China: Autumn Milk Tea – Cynical Marketing Strategy or True Friendship?
IFC Mulls $80m Loan to Chinese Pig Rearing Firm Guangxi Yangxiang
Short Video Firm Kuaishou Optimizes Its E-Commerce By Connecting Livestreamers With Quality Products
Segway Owner Set to Make History With Shanghai IPO
BMW’s Use of High-Density Batteries Raises Safety Concerns
ByteDance Applies for Chinese Tech Export License as TikTok Negotiations Continue
Trending in China: Macau Eases Travel Restrictions but Will Covid-19 Tests Kill People’s Travel Bug?
Alibaba Subsidiary Cainiao Pushes Into Malaysia With Cross-Border Delivery Service
Trending in China: School Throws Away Students’ Food Deliveries To Force Use of Canteen
Chinese Electric Carmaker Li Auto Teams Up With U.S. Chipmaker Nvidia
JD.com-Backed Recycling Operator Wanwu Xinsheng Nets Over $100m
HSBC Shares Fall to Lowest Since 2009 As Investors Fret About Financial Crimes Report
Huawei Cuts R&D Investment and Jobs in Australia Amid Tech War
In Depth: Pinduoduo Gives Alibaba a Run for Its Dominance

By Qu Yunxu, Huang Rong, Hou Qijiang and Han Wei / May 13, 2019 11:20 AM / Business & Tech

Online discounter Pinduoduo rose to the third-largest e-commerce site in less than four years. Photo: IC Photo

Online discounter Pinduoduo rose to the third-largest e-commerce site in less than four years. Photo: IC Photo

Few would have predicted at this time last year that e-commerce upstart Pinduoduo would become a competitor serious enough to warrant Alibaba’s attention.

But the Shanghai-based newcomer felt Alibaba was getting too big for its boots and was applying too stringent rules on merchants, forcing them to choose a single platform for selling or promoting their goods.

“Attempts to establish or prolong any monopolistic control are both wasteful and destructive,” Pinduoduo's founder and CEO said last month.

Read our in-depth analysis on how Pinduoduo has disrupted the online retail space and what Alibaba might do about it.


Share this article
Open WeChat and scan the QR code