Fortune: Top 500 Chinese Companies; Top 10 account for 40% total profit

By Alibaba, chinainternetwatch, Economy & Trade, Jingdong, joyy, Pinduoduo, Tencent

Fortune China recently released the Fortune 500 list for 2020, which takes into account the performance and achievements of the world’s largest listed Chinese companies in the past year. This year, the total operating revenues of the 500 listed Chinese companies reached 50.5 trillion yuan, an increase of 11% over the previous year; and the […]

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Mini programs are the new mobile app growth driver: report

By Alibaba, alipay, ByteDance, Heavy Hitters, meituan-dianping, News, technode, Tencent, The Numbers, WeChat
mini programs wechat alipay meituan bytedance

Mini programs are an increasingly important growth driver for apps, functioning as an entry point for Chinese mobile users to access online services, according to a recent report on Chinese internet trends in the first half of the year. Why it matters: These lightweight applications are becoming must-have features for mainstream apps. They offer a […]

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Tmall a crucial platform for beauty brands’ success in China

By Alibaba, chinainternetwatch, ciw premium, cosmetics, E-Commerce & Online Shopping, tmall, Weibo, Xiaohongshu

China’s mass local brands are gaining shelf share of Alibaba’s Tmall platform while the visibility for western brands is increasingly challenging. Chinese color cosmetic brands now account for 55% of top 10 default search results and 65% of sales-sorted search results, up 14% and 11% YoY respectively, according to a Gartner report. The report shows […]

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Alibaba-backed Ant Group going duo-IPOs in Hong Kong and Shanghai

By Alibaba, alipay, ant financial, chinainternetwatch, Finance, IPO

Ant Group, renamed from Ant Financial and the parent company of China’s largest payments platform Alipay and leading provider of financial services technology, announced its concurrent initial public offering (“IPO”) on the Shanghai Stock Exchange’s STAR board (“SSE STAR” market) and The Stock Exchange of Hong Kong Limited (the “SEHK”). The listings will help the […]

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Alibaba’s International Site Provides CNY1 Billion Subsidy For New Foreign Trade

By Alibaba, chinatechnews, Internet, subsidy

Alibaba’s international site recently set up CNY1 billion “new foreign trade special subsidy” to help traditional foreign trade companies realize digital transformation. It is said that for traditional foreign trade companies which only gained overseas orders through exhibitions, the new foreign trade special subsidy will help them complete digital transformation by providing six-month growth escort […]

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