The China Edit is a weekly curation of the most important fashion business news and analysis from and about the world’s largest luxury market.
Bits & Bytes is a weekly roundup of the most important news in the fast evolving fashion-tech space.
Alibaba Group Holding Ltd. failed to properly oversee merchants and allowed the sale of counterfeit products on its e-commerce platforms, according to a Chinese government report.
Alibaba and Tencent spent more than $8 billion last year alone backing often strikingly similar ventures, as the Chinese Internet giants race to create online one-stop-shops to win the digital loyalty of a tenth of the world’s population.
China’s Alibaba Group Holding Ltd plans a major move to win U.S. business this year, by offering American retailers new ways to sell to China’s vast and growing middle class.
Alibaba Group Holding Ltd., China’s biggest e-commerce company, fell for a fourth day in New York, extending a retreat from its November high as the peak shopping season ended and investors await quarterly results expected next month.
China has allowed foreign investors to fully own e-commerce companies in Shanghai’s free trade zone as part of a pilot scheme.