Consumer Economy

The company, a joint venture between Telkom and eBay, has been operating since 2014.

The startup, which currently operates in Eastern China only, wants a slice of the USD 733 billion fresh food retail market.

Kuaishou plans to incubate 100,000 businesses and help them achieve USD 146,000 in annual sales within the year.

The UAE-based online-grocery delivery platform InstaShop has been acquired for USD 360 million by Delivery Hero.

The company’s performance has been driven by marketing initiatives during the circuit-breaker period.

Alibaba-backed Best is trying to balance fast growth with dreams of profitability.

Warungs and kiranas are in for major changes.

Small neighborhood stores are integral part of the economy of both developing nations, and tech firms are stepping in to provide additional services.