Consumer Economy

Working in the background, Youzan has shaped China’s massive e-commerce sector. It is now indispensable for online sales.

The walls of China’s tech gardens are slowly being torn down.

The newly launched venture fund will back Indian startups and entrepreneurs focusing on digitizing SMBs.

As Indonesia’s tech unicorns race toward their IPOs, state-owned firms are looking to cash in.

As Pinduoduo has reached the top, the firm is rapidly discovering an unavoidable reality: Holding the lead is much harder than claiming it.

The company plans to use the money to facilitate its proposed offshore restructuring and fulfill its obligations under the USD 180 million settlement with the US SEC.

Grab reportedly bought a 4% stake in Indonesia’s conglomerate Emtek, which has strategic interests in e-commerce and payments.

The startup is looking to expand to other cities in Pakistan in the next few months.