Consumer Economy

Lazada has ironed out its operations, but can it catch up to Shopee?

Cultural frictions and mismatches between Alibaba and Lazada led to costly stumbles.

Early-stage VC fund IvyCap Venture earned USD 45.6 million after selling partial stakes in Purplle. It had invested USD 2 million in the company in 2015.

Suning will be able to sell assets through REITs, initial public offerings, and equity transfers.

Starting with an online marketplace, Tokopedia has diversified to offer a broad range of services for its 100 million users.

Chinese consumers’ demand for healthier lifestyles has been increasing since the COVID-19 pandemic.

This is good for the growth of the local startup ecosystem, says expert.

A large part of the investment went into edtech and hyperlocal startups, collectively accounting for over 40% of the total money poured into these companies in 2020.