Consumer Economy

The company’s growth has been costly, but more aggressive expansions are in the works.

After the deal, the Beijing-based startup will be valued at US$8.5 billion, multiple times higher than its rival Uxin, which is listed on NASDAQ and had a market capitalization of about US$1 billion a

Fosun and Ant Financial’s parent, Alibaba, have also invested in Babytree Group, China’s leading online parenting firm.

The firm is also planning to launch in one more city outside of Singapore in the second half of the year

The line between offline channels and e-tailers are getting blurred.

Shenzhen-based Hive Box said that a total of 2.5 billion parcels were picked up via its smart lockers located within communities in 100+ cities around China last year. That accounts for about 5 percen

Jack Ma, Alibaba’s high profile co-founder and chairman, touted his vision of a better and more inclusive globalisation on the stage of the annual World Economic Forum held in Davos, Switzerland

The drone delivered a 10kg package of backpacks and books to an Islamic school in West Java.