Consumer Economy

Pinduoduo narrowed its net loss in the December quarter to USD 251.6 million, beating analysts’ estimates.

Revenues up 91% year-on-year but miss market predictions by USD 40 million.

The American retailer has asked Myntra to slash discounts by 13-14% and close small warehouses that do not meet standards.

The US-based online retailer, with its ecosystem play, is going after India’s 130 million online shoppers.

Sales of personal protective equipment, such as face masks, increased 14 times among JD.com’s female customers.

China’s home decoration market is expected to hit a market size of USD 373 billion by 2020.

The digital shop features around 3,600 Ikea products and home furnishing items.

iPrice is seeking to connect super app users with e-commerce merchants.