Sichuan’s Garzê Tibetan Autonomous Prefecture Signs Cooperation Agreement with JD.com and Alibaba’s Tmall

The government of Ganzi Tibetan Autonomous Prefecture in Sichuan Province signed a strategic cooperation agreement Wednesday with Chinese e-commerce giants, including JD.com and Alibaba’s Tmall. According to the agreement, the e-commerce companies will strengthen logistics services in the prefecture’s villages, help local companies open online stores and expand the sales market for Ganzi’s distinctive agricultural

Shanghai-listed Bailian Group to Establish E-Commerce Platform for Commodity Trading

An online e-commerce platform for commodity trading that aspires to become an internet-based information and transaction hub with a trillion-yuan ($151 billion) in target was established in Shanghai on Tuesday [19 December 2017], making it one of the first to offer customized real time information services for the trade. The platform, Shanghai Bailian Commodity E-commerce

Online Catering Services Forced to Have Brick-and-Mortar Restaurants by 2018

Only off-line catering businesses with bricks-and-mortar restaurants and proper business licenses are allowed to offer on-line catering and ordering services, a new regulation said Friday [10 November 2017]. Online catering and ordering services should be subject to the same rules as off-line restaurants, said the regulation issued by the China Food and Drug Administration (CFDA)…Full

Tencent’s Meituan-Dianping Online Platform Garners USD 4 Billion in Financing

Meituan-Dianping, China’s largest on-demand services provider said on Thursday [19 October 2017] it has raised $4 billion in its latest financing round that values the company at $30 billion. The round was led by Tencent Holdings Ltd, and includes new investor the Priceline Group and other key investors including Sequoia Capital, GIC of Singapore, Canada