Caixin
Caixin Global – Latest China News & Headlines

Home >

ABOUT US

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

TRENDING
Chinese DNA Sequencing Firm BGI Faces Legal Battle with Illumina
Chinese Chipmaker SMIC to Delist From NYSE, Focus on Hong Kong
Just Add Water, Physics-Defying Car Company Claims
LATEST
China Doesn’t Engage in ‘State Monopoly Capitalism’: Banking Chief
Huawei Seeks $1 Billion in First Big Funding Test After U.S. Ban
Chinese Chipmaker SMIC to Delist From NYSE, Focus on Hong Kong
Just Add Water, Physics-Defying Car Company Claims
Hong Kong Banking Tycoon Passes Baton to Two Sons
Fears Grow as Fall Armyworm Continues Invasion of Chinese Farms
Rural Policy Bank Sells Bond to Retail Investors in Hong Kong
Baidu Continues Shaking Up Its Management Board
Xiaomi Fires Vice President for ‘Obscene’ Behavior
Update: Chinese EV Startup Digs Into Real Estate
Chinese DNA Sequencing Firm BGI Faces Legal Battle with Illumina
U.S. Companies and Consumers Pay for China Tariff Costs, IMF Says
Weibo Shares Slump After Q1 Revenue Growth Slows
Anxin Trust Questioned for Plunging Profits and Accounting Errors
Meituan Sees Strong Revenue Growth, Despite Drag From Mobike
DHL, Panasonic Deny Severing Huawei Ties
China Renewables Industry Comes of Age With Ambitious Subsidy-Free Projects
China Readies 600 Kph Maglev Prototype
Mercedes-Benz Makes it Easier to Trade in Defective New Cars in Wake of PR Nightmare
Shanghai Man Sentenced to Death for Child Murder
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
Copyright © 2017 Caixin Global Limited. All Rights Reserved.