Tag: e-commerce

  • Shanghai’s lockdown tests China’s online grocery apps

    Shanghai’s lockdown tests China’s online grocery apps

    But things started to take a downturn last year. Despite the hype and money, these companies struggled to make a profit as lockdowns eased and people simply went back to shopping in person. What’s worse, they were caught in China’s new fight against antitrust behavior. The Chinese government was quick to impose fines and pen […]