Sunday, January 24, 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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Chinese Banks See Net Profits Decline 1.8% in 2020

China's banking sector saw a sizeable decline in its net profits for 2020 amidst the adverse economic impacts of the COVID-19 pandemic....

Tencent Expects Cloud Computing to Be Essential Infrastructure for Finance, Domestic Market to Soon Hit 80B Yuan

A senior executive from Chinese tech giant Tencent forecasts that cloud computing will be a key area of development for China's fintech...

China’s Non-Performing Loan Ratio Declines 0.06 Percentage Points to 1.92% in 2020, Banks Dispose of Record-breaking 3.02T Yuan in Bad Debt

Official data points to a slight decline in the non-performing loan (NPL) ratio of Chinese banks in 2020, despite the adverse impacts...

Users of Everbright’s Cloud-Driven Utilities Payment Platform Exceeded Half a Billion in 2020

China Everbright Bank has seen users of its cloud-based utilities payments service surge in 2020, as the COVID-19 pandemic drove sharp gains...