Consumer Economy

Throughout the years, the Japanese conglomerate has made a series of deals in China that shaped up the country’s business and tech.

While Alibaba withstood China’s macroeconomic slowdown in early 2020, a wave of digitization spurred growth in e-commerce livestreaming, cloud services, and enterprise software.

Reliance Industries’ mad run to raise funds continues. Jio Platforms total funding crossed USD 10 billion.

The CEO of JD Retail inaugurated the event, with 1,000 homes on sale, as the first streamer, offering a 38.2% discount for a new Beijing apartment.

The exact amount raised is undisclosed.

In 2019, only 4% of overall retail spending in Hong Kong was conducted online, compared to 24% on the Chinese mainland.

Active user number retained high growth speed for the third consecutive quarter despite the COVID-19.

A summary of what these companies did right to survive, rise, and shine from the global health crisis.