Alibaba’s Taobao and ByteDance’s Douyin seek e-commerce price war detente with new policies

Quick Summary:

Douyin says it will be more refined’ in its pricing strategy while, Taobao changes a controversial refund policy amid a fierce price war that has hit earnings.

Tweaks include no longer labelling products as “the cheapest online”, according to a report last week by Shanghai-based media Jiemian.

That platform made headlines last year when its parent company PDD Holdings, which also owns overseas shopping app Temu, briefly overtook Alibaba in market capitalisation.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Coco Feng

Category: Business

Markets: Hong KongChina

Topics: Last According Tmall Taobao Price Platform E-commerce Douyin Report Pricing Merchants

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-30 @ 21:00:13 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 533 words

Reading Time: 3 minutes read

Sentences: 19 lines

Sentence Length: 29 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 21856930

View Article Analysis

About SCMP

Main Topics: Business

Official Website: scmp.com

Update Frequency: 14 posts per day

Year Established: 1903

Headquarters: Hong Kong

News Last Updated: 3 hours ago

Coverage Areas: Hong Kong

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #42

Publisher Details

Frequently Asked Questions