Consumer Economy

TikTok Shop was launched in Indonesia in mid-April, at the beginning of Ramadan, with heavy celebrity endorsement.

Investor CICC Capital expects Supermonkey to take a dominant role in China’s fragmented fitness sector.

With most countries still banning large gatherings, Muslims are heading online to search for new clothes ahead of Eid al-Fitr.

Una Brands said it will use the funds to acquire companies that generate between USD 300,000 and USD 20 million in annual revenue.

Indonesia’s beauty and personal care market is expected to grow to USD 7.46 billion in 2021.

India added 12 unicorns from January to April. Four of these firms operate in the B2B sector, and more will follow.

India has over 12 million mom-and-pop shops across the country, of which 10 million are in rural areas. 

Super uses an agent-based model for group buying and logistics, so customers can pool their purchases for better prices.