Consumer Economy

CEO Zhang seen losing clout in sweeping leadership and organizational changes.

With its offline foray, Snapdeal has joined a slew of consumer internet companies that are going omnichannel to fuel growth and capture a larger share of the market.

Venture capital firms are injecting cash into Indonesian coffee startups.

The super app will soon allow users to share listings of goods on e-commerce sites run by other companies.

The online retailer faces economic headwinds on slowing consumer demand.

Purplle earns 70–80% of revenues from tier-2 and tier-3 consumers living in suburban areas and smaller cities.

JD’s stock rallies on quarterly results and Alibaba’s weak performance.

Sea Group doubled revenues in Q3, but it also reported a 34% increase in net losses.