Amazon.com Inc on Monday said it will open a pop-up store on Chinese e-commerce platform Pinduoduo Inc that will run until the end of December and carry a selection of about 1,000 products from overseas.
Amazon Inc will open a store on Chinese e-commerce platform Pinduoduo on Monday, a source said, in a sign of how the U.S. firm's China strategy is evolving after it shut its own online store in the country.
Chinese e-commerce giant Alibaba Group raised up to $12.9 billion in a landmark listing in Hong Kong, the largest share sale in the city in nine years and a world record for a cross-border secondary share sale.
Alibaba will close its order books early to prospective institutional investors as part of its $13.4 billion secondary listing in Hong Kong, according to two people with direct knowledge of the matter.
Alibaba’s planned $13.4 billion share sale will be Hong Kong’s first paperless stock market listing, a source has said, breaking with a long-held tradition of investors placing stock orders in bank branches.