Consumer Economy

Latest US filings show that Saudi’s Public Investment Fund (PIF) dissolved its stakes in BP, Boeing, Facebook, Disney, Marriott, Citigroup, and Bank of America.

Okki CRM software will be updated to automatically detect sales clues on alibaba.com, and to allow easier import of product information.

Jio Platforms had raised USD 20 billion in funding from 13 global high-profile investors including tech giants like Facebook and Google earlier this year.

By 2025, the country’s e-commerce sector is projected to generate 41.3 million tonnes of plastic waste, but efforts are being made.

The social commerce player aims to become China’s No. 1 online agriculture platform by investing in related technologies and operations.

This is the first time that a hotel chain operator in China has opened an online booking channel on Pinduoduo, which mainly sells groceries.

But average spending per user remained less competitive compared to Alibaba e-commerce and JD.com.

Motorcycle sales in Vietnam took a hit in the first quarter, dropping 3.7% YoY, and falling 71% in April.