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Home > Latest

Lates News

date
26/08/2025
Onshore RMB against the US Dollar closed at 7.1517 at 16:30 on August 25, up 288 points from the previous trading day.
Latest
9 m ago
American President Trump: Will reduce drug prices to 1/1400 to 1/1500 of current prices. Will quickly impose tariffs on drugs.
10 m ago
Wang Shugao, the chairman of Xiaocaiyuan, will not participate in any discounts on three platforms starting from August.
12 m ago
JAC Motors (600418.SH) announced its semi-annual performance, with a net loss attributable to the parent company of 773 million yuan, a turnaround from profit to loss year-on-year.
13 m ago
Flash sales are widening the gap in activity between Taobao and Pinduoduo, and affordable takeout will continue to be available.
13 m ago
According to reports, Taobao Flash Sale has recently made it clear that food delivery will enter a protracted war. On August 8th, after the beginning of autumn, Taobao Flash Sale's order volume exceeded Meituan for the first time. The more significant impact may be that huge subsidies have attracted a lot of attention to Taobao. Since July, Taobao has widened the gap with Pinduoduo in terms of daily active users (DAU). The subsidies will not and cannot continue at the current level. According to internal sources at Alibaba, heavily subsidizing is called "going up the mountain" and now it is time to prepare to "come down the mountain". In July, Taobao Flash Sale spent over 10 billion yuan on subsidies for merchants, consumers, and delivery drivers. The decision-making level at Alibaba is discussing the pace of subsidy reduction, focusing on operating high-value users, adjusting subsidy categories, and subsidy amounts. It is understood that Alibaba's company anniversary celebration on September 10th will be an important milestone that will determine more business rhythm and strategy, continuing from the overall strategy of being a "big consumer platform" to catch up and target Meituan in terms of basic capabilities. (to be continued).
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