Amazon.com Inc will open a store on Chinese e-commerce platform Pinduoduo on Mon...
It said at the time it would increase its focus on selling goods from abroad to Chinese buyers via its global platform. It also has a Kindle store on Tmall.
Alibaba and JD.com have traditionally dominated China’s e-commerce market but that status quo was recently disrupted by four-year-old Pinduoduo, which is popular with China’s lower-tier city residents.A spokesman for Pinduoduo declined to comment. Amazon did not immediately respond to a request for comment.
Pinduoduo, which woos customers with deep discounts and group buying deals, suffered an $11 billion slump in value last week after it posted a much wider-than-expected quarterly loss that stemmed from its efforts to fight its rivals with heavy subsidies.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Tom Alberg explains why he took a chance on Jeff Bezos and Amazon - Business InsiderHere's why early investor Tom Alberg took a chance on Amazon even though Jeff Bezos wasn't 'the smartest guy I'd ever met' and everybody thought it'd be 'murdered' by Barnes & Noble
Weiterlesen »
35 Office Secret Santa Gifts Under $25 (That You Can Buy on Amazon)Desk toys, office snacks, and even some accessories for happy hour
Weiterlesen »
The Best Silk Pillowcases on Amazon, According to Hyperenthusiastic Reviewers“While I don’t wake up looking like Brad Pitt, I don’t wake up looking like the lovechild of the Bride of Frankenstein and Don King anymore.”
Weiterlesen »
Amazon files suit protesting Microsoft's JEDI cloud contract with PentagonAmazon Web Services on Friday filed suit in protest of a major contract that Microsoft won to provide cloud services to the U.S. Defense Department.
Weiterlesen »
You Know Travel Fashion Is a Thing, and You Can Get the Best on AmazonThe perfect travel outfit isn't easy to create. It has to be comfortable and stylish (an airport is, after all, surrounded by runways). It has to be
Weiterlesen »
Amazon Releases Black Friday Deals on Fashion, Beauty and ElectronicsThe mega e-commerce site reveals the major discounts available leading up to and on Black Friday.
Weiterlesen »