Consumer Economy

By empowering agents or small kiosks, tech players including e-commerce firms are helping bridge the formal and informal economies.

In its earnings report, Walmart said inclusion of Flipkart negatively affected its operating income.

Meesho, Bulbul, EkAnek and HappyShappy are contending for greater video commerce market share in India.

Another battlefield for these two Chinese e-commerce giants.

It booked RMB 134.8 billion (USD 118.9 billion) in net revenue in the third quarter of this year, up 28.7% year-on-year.

It has started a global offering of 500 million ordinary shares to raise about USD 13.8 billion.

Private labels have lately become popular among internet companies as it promises higher returns.

The nod clears the way for Hangzhou-based Alibaba to start a weeklong roadshow from November 13 to garner interest from global investors.