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Nike To Cut Thousands Of Online Distributors In China To Strengthen Brand Control

Nike Inc (NKE) plans to cut ties with thousands of online distributors in China starting in January, as it looks to tighten control over how the brand is priced and presented online and to reignite growth in the region. From next year, Nike says it will concentrate most of its online sales on its own website and app, as well as its official...

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Business

China's Pinduoduo, JD.com among 5 summoned over false advertising

Chinese e-commerce giants Pinduoduo and JD.com were among five major platforms summoned on Thursday for talks over misleading advertising, Beijing's market watchdog said. Social media sites Douyin and RedNote, along with Alibaba-owned e-commerce platform Taobao, were also summoned. The talks with company representatives, held by the Beijing...

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