Consumer Economy

The ride-hailing company now wants to conquer South-East Asia, by creating the region’s next superapp.

A few weeks ago, I visited a JD distribution center in west Beijing. It was a small facility consisting of a storefront, a bunch of delivery karts lined up outside and space for trucks to pull up.

That makes Telkom Indonesia the third customer of Anchanto to invest in it, after Transcosmos and Luxasia

The company is recently in disputes with merchants on its platform after a crackdown on counterfeit products.

This fashion startup races forward for yet another fundraising.

The global fourth most valuable startup to raise US$6 billion at a valuation of $60 billion.

Pinduoduo, which rides the wave of popularity of WeChat, claimed it has punished over 200 stores on its platform, less than three out of ten thousand among its monthly active shop owners.

Pinduoduo has seen explosive growth since its launch in 2015, becoming one of the largest e-commerce Apps in China.