For China's e-commerce platforms, low prices are no longer enough https://t.co/HVgnQ4aOX3 via @NikkeiAsia
Chinese e-commerce firms prioritize sustainable growth over ultra-low prices amid slow GMV growth and anti-unfair competition rules taking effect on September 1 (@cissy_chow / Nikkei Asia) https://t.co/FHKFxSUioG 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/Lzu9fTA16Z
China's e-commerce sector is undergoing a major strategic shift as platforms switch gears from prioritizing ultralow prices to more sustainable sales growth. https://t.co/7uTOhFqeuN

Alibaba Group, listed in Hong Kong, is set to implement a basic software service fee of 0.6% on confirmed transactions for vendors on its Tmall and Taobao platforms. This move comes amid a broader strategic shift in China's e-commerce sector, where companies are increasingly prioritizing sustainable sales growth over the previously dominant strategy of offering ultra-low prices. This shift is prompted by slow growth in gross merchandise volume (GMV) and the forthcoming enforcement of anti-unfair competition regulations, which will take effect on September 1. As a result, Chinese e-commerce firms are adapting to a new market environment that demands more than just low pricing to attract and retain customers.