Consumer Economy

Chinese e-commerce platform targeting overseas market have a unique advantage as there are sufficient suppliers.

The company has engaged in overseas markets including South Korea, Vietnam, Thailand, the Philippines, Singapore and the United Arab Emirates.

Alibaba’s seized the day to take market share in India and archrival Tencent also eyes to expand its reach in the country.

Plus, the Indonesian government announced that it is currently developing an integrated dashboard to monitor ride-hailing services. Walmart teamed up with Rakuten to launch an online grocery delivery

Plus, Tencent-backed video site Kuaishou seeks US$17 billion valuation. YouTube will impose stricter criteria for the types of videos that can earn money on the site.

Plus, Tencent and JD are leading an $863 million investment in Vipshop, intensifying the completion with Alibaba. Uber users are now able to hail rides on BlackBerry Messenger.

This is helping their growing user base save money while helping brands reach new customers.

Gone is the tiresome process for fabric transaction. B2B platforms for fabrics marry up buyers and sellers efficiently.