Consumer Economy

The company is investing all of its excess profits in key technologies and products.

Singapore-based crypto finance startup Matrixport is the region’s newest billion-dollar company.

CCI has been quite active in investigating internet companies that are allegedly exploiting their dominant position in the market.

Keyouyuan provides SaaS solutions to global e-commerce merchants that use platforms like Shopee, Lazada, Amazon, eBay, and Shopify.

Soda has also acquired Monokabu, Japan’s second largest operator in the sneaker market.

In addition to launching its fintech offerings, Dastgyr plans to use the investment to enhance its technology and scale operations.

Shopee and Lazada would collect tax for merchants under the new plan.

The company uses Pinduoduo’s “social commerce” model to lure customers to small restaurants.