Consumer Economy

The social giant is not only an investor of Pinduoduo, it is developing its own version of the popular social commerce platform.

Darryn Tan and Javad Namazie started Two Of A Kind, which is believed to be the first homegrown brand of contact lenses in the market.

Chinese vendors sold a total of 73.2 million smartphones, down by 22% YoY due to the COVID-19 pandemic.

Alibaba is already an investor in other major couriers in China.

A lack of investor confidence in US-listed Chinese companies may push more firms to consider returning to domestic exchanges in Hong Kong and Shanghai.

The holiday is typically the busiest time for retailers in Indonesia.

However, Yonghui Superstores’ stock dived more than 6% following the announcement.

Beijing-headquartered company aims to raise USD 2 billion in Hong Kong listing.