Tag: WeChat

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Shein overtakes Amazon as the most installed shopping app in US

Shein‘s quiet rise has reached a crescendo as the fast fashion e-commerce app takes the crown from Amazon as the most downloaded shopping app on iOS and Android in the United States, according to data from app tracking firms App Annie and Sensor Tower. Its ascent is quiet because the startup, despite reportedly exceeding a $15 billion…
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18 May 2021 0

China gets serious about antitrust, fines Alibaba $2.75B

Chinese regulators have hit Alibaba with a record fine of 18 billion yuan (about $2.75 billion) for violating anti-monopoly rules as the country seeks to rein in the power of its largest internet conglomerates. In November, China proposed sweeping antitrust regulations targeting its interent economy. In late December, the State Administration for Market Regulation said…
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10 April 2021 0

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