Alibaba

With the Indian government amending FDI rules and banning two of its services in the country, Alibaba’s prospects of building a business empire in India came to a dead-end.

Ant Group’s valuation is estimated to fall by more than half after the business overhaul.

The company has made a comeback by letting go of non-core businesses, focusing on unit economics, and acting on the foresight of targeting non-metro cities

Online sales of prepared meals are up 380% year-on-year.

Alibaba’s strong growth, buoyed by 2020’s extended Singles’ Day shopping festival, was overshadowed by an antitrust investigation and Ant Group’s business overhaul.

Tencent is looking to consolidate shoppers’ data and traffic within WeChat.

The city says it hasn’t issued an appropriate license yet.

Although group-buying has been around in China way before the COVID-19 pandemic, the sector enjoyed renewed popularity thanks to social distancing measures.