Consumer Economy

Around 115 million internet users in the region use more than three O2O platforms.

Ula is active in tier-2 and tier-3 Indonesian cities, where logistics infrastructure is less connected than in metro areas. 

The latest investment has shot up Meesho’s valuation to USD 4.9 billion from USD 2.1 billion in April 2021—a rise of 133%.

After regulators stepped in, Alibaba and Tencent are dissolving protectionist features.

Over 200 small and mid-sized retail technology companies have raised a total of USD 843 million between January and September 2021.

While the BNPL payment method may boost e-commerce spending, it can also drive consumerism and potential debt among consumers.

Nearly 70 million people are expected to shop online during the first week of festive sales, which will kick off in early October.

Bigo Live reached 29.5 million average monthly active users in the second quarter of the year.