Consumer Economy

Besides Carro, Malaysia’s Carsome is reportedly raising new funding that will lead to a USD 1 billion valuation.

Xiaomi participated in Zhuanzhuan Group’s latest round, as the startup hopes to synergize with Xiaomi’s position in consumer electronics.

As retailers shift online, technology itself can be a double-edged sword.

Consumers are confused by overcomplicated and capricious discount rules, while e-commerce platforms pump up sales during shopping festivals like 618 and Singles’ Day.

Jugnu serves thousands of grocery store owners through its mobile app and fulfillment centers, offering next-day delivery for all their purchases.

Media tablets, headsets, water filters, deep fryers, and air treatment products were among the products that registered the highest growth.

US retailer says pandemic has boosted exports from Southeast Asian country.

Customer misunderstanding of cash on delivery is a big part of the problem, experts say.