Alibaba layoffs in the second quarter of 2022 reached nearly 10,000. The reduced number of employees will allow the tech giant to achieve better financial results at this challenging time. The slowing economic growth of China’s economic partners may further weaken China’s economy.Continue reading
Here we introduce another interesting infographics, which presents information about the e-commerce in China. Apart from up-to-date statistics, it also contains some forecasts, giving us a glimpse into the further development. The Chinese consumers review products in online shops quite frequently (more frequently than Americans), the shipment fee is six time lower than in the U.S. The most popular method of payment is Alipay (47% transactions), the second is Tenpay (21%). As far the most popular internet shops are concerned, Tmall has 40% market share, followed by 360buy.com (now jd.com) and Suning.com.