Summarize this content to 2000 words in 6 paragraphs in Arabic Stay informed with free updatesSimply sign up to the Chinese business & finance myFT Digest — delivered directly to your inbox.Ecommerce giants Alibaba, JD.com and Pinduoduo are leading Chinese internet groups in launching multibillion-dollar initiatives to help traditional exporters switch to domestic sales, as part of a national campaign to cushion the country\u2019s economy from an escalating trade war with the US.\u00a0Alibaba has set up a task force to source goods from exporters in more than 10 provinces across China. Taobao and Tmall, its ecommerce marketplaces, have promised to offer higher commissions and better exposure on their platforms to encourage at least 10,000 exporters to sell 100,000 items. Alibaba\u2019s supermarket chain Freshippo also said it had created special \u201cgreen channels\u201d for export suppliers to sell their products on its shelves.\u00a0Pinduoduo had earlier responded to sellers on its international arm Temu being hit by the ending on May 2 of \u201cde minimis\u201d duty exemptions on packages to the US. It promised to invest Rmb100bn ($13.7bn) to help its merchants \u201cpivot and upgrade\u201d.\u00a0\u201cWe are determined to shoulder the costs and risks\u2009.\u2009.\u2009.\u2009and to navigate the uncertainties in the external market environment,\u201d Pinduoduo\u2019s co-chief executive Zhao Jiazhen said. \u201cWe\u2019ll prioritise ensuring the stable development and healthy profits of small and medium-sized manufacturers.\u201dAs well as the cancelling of the \u201cde minimis\u201d duty exemption on small packages worth less than $800, Chinese sellers face tariffs of 125 per cent on many of the goods they have been shipping to the US, making such sales uneconomical. Elsewhere, online retail platform JD.com has announced a Rmb200bn fund to procure products from local exporters over the next year, with WeChat owner Tencent, delivery service Meituan and ByteDance, owner of the TikTok and Douyin short video apps, also launching similar programmes.\u00a0Search engine group Baidu said it would allow 1mn companies to advertise products in its livestreams with the help of its AI-generated \u201cvirtual humans\u201d for free. Ride-hailing app DiDi planned to invest Rmb2bn to \u201cstabilise employment and boost consumption\u201d as well as support domestic manufacturers to \u201cgo global\u201d, it said.\u00a0Li Chengdong, founder of Beijing-based ecommerce consultancy Haitun, said \u201cpolitical\u201d considerations had driven Chinese tech giants to \u201cvoluntarily take on social responsibilities\u201d.\u00a0\u201cA sense of anti-US unity has prompted each Chinese company to do whatever it is capable of,\u201d said Li. \u201cStepping in at this critical juncture also brings them reputational benefits.\u201d\u00a0Li pointed out that no official intervention is necessary, as companies\u2019 \u201cpolitical sensitivity\u201d is strong enough to guide such decisions.\u00a0\u201cConsumers are also keeping a close eye on these [tech giants],\u201d he added. \u201cThey must pay attention to public opinions and make shrewd commercial choices.\u201dChinese tech groups have been reined in and reminded of their social responsibilities by Beijing since a government crackdown in 2020. President Xi Jinping met leading entrepreneurs in February, including Alibaba\u2019s Jack Ma, Tencent\u2019s Pony Ma and Meituan\u2019s Wan Xing, in a sign that the sector was back in favour.\u00a0Amid a sluggish economy and Trump\u2019s punitive tariffs, the Chinese government has intensified its own efforts to counter looming disruption. The commerce ministry recently held talks with trade associations, supermarket chains and distributors on how to help exporters explore domestic sales channels.\u00a0In a meeting in Beijing attended by vice minister Sheng Qiuping on Friday, the ministry promised to help domestic businesses cope with the \u201cexternal shock\u201d.There has also been evidence of patriotic buying by Chinese consumers and organised support for the country\u2019s stock markets from a \u201cnational team\u201d of state-owned funds investing and companies buying back shares.<\/p>\n","protected":false},"excerpt":{"rendered":"
Summarize this content to 2000 words in 6 paragraphs in Arabic Stay informed with free updatesSimply sign up to the Chinese business & finance myFT Digest — delivered directly to your inbox.Ecommerce giants Alibaba, JD.com and Pinduoduo are leading Chinese internet groups in launching multibillion-dollar initiatives to help traditional exporters switch to domestic sales, as<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[63],"tags":[],"class_list":{"0":"post-282899","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-tech"},"_links":{"self":[{"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/posts\/282899","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/comments?post=282899"}],"version-history":[{"count":0,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/posts\/282899\/revisions"}],"wp:attachment":[{"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/media?parent=282899"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/categories?post=282899"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/tags?post=282899"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}