Consumer Economy

The app is still not available to the public, but might be at the end of May.

Coffee brands are diversifying, adding non-coffee drinks with herbs such as turmeric, ginger, and tamarind.

As labor costs rise and demand is down, the relationship between Meituan and merchants has become strained, echoing resentment against Taobao in its early days.

Mukesh Ambani has been on the mission to cut Reliance’s USD 21.4 billion net debt.

The Double Five shopping festival is part of measures to boost consumer spending, which has slowed during the COVID-19 outbreak.

Indonesia’s tech companies need to step up their security game, while the regulator has to be more stringent in protecting consumer data.

In gaming, Tencent launched “Arena of Valor” to Middle East players while Play3arabi and China’s Wafa Games partnered to arabize “Swords of Glory”.

China’s BSN will greatly reduce the barrier to entry for firms looking to leverage blockchain technology and hopes to expand to include global SMEs.