Saturday, April 17, 2021
Tags Chinese ecommerce

Tag: Chinese ecommerce

Pinduoduo Posts First Profitable Quarter During COVID-19 Pandemic

NASDAQ-listed interactive e-commerce platform Pinduoduo has just posted its first ever profitable quarter in its five years of operation. Sees Active Users Increase by 100 Million During COVID-19 Pandemic

Chinese e-commerce platform has seen a surge in active users during the spread of the COVID-19 pandemic.

Bank of China to Allow Renminbi Payments on Stateside E-commerce Platforms

One of China's big four state-owned banks will permit transactions using the renminbi on US e-commerce platforms according to a report from the state-owned...

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Actually Used Foreign Investment in China Rises Nearly 40% in First Quarter, New Foreign Invested Enterprises up 47.8%

China has seen a surge in foreign investment in the first quarter of 2021 compared to the same period in 2020, with...

China’s Q1 GDP Surges 18.3% YoY, Two Year Average Growth Rate at 5.0%

Chinese GDP in the first quarter of 2021 has seen a surge compared to the same period last year, given the low...

MLF Rates Remain Unchanged for 13th Consecutive Month as Chinese Monetary Policy Stresses Stability

The Chinese central bank's open market operations (OMO) have kept the rate for medium-term instruments unchanged for over a year, with analysts...

PBOC Reiterates Commitment to Anti-trust Enforcement in Chinese Payments Sector, Development of Cross-border Payments

The Chinese central bank has stressed its commitment to enforcing anti-trust measures in China's payment sector, as well as efforts to improve...