Consumer Economy

The loss-making Nayuki is about to score a ticker code on the Hong Kong Stock Exchange.

SoftBank-backed e-commerce giant faces profitability and labor questions.

There were 25 million online beauty shoppers in FY2020, and Avendus estimates this number to reach 135 million by FY2025.

The grocers were penalized for selling below cost and misleading consumers.

JD.com’s 2020 revenues increased 29.3% to USD 114.3 billion.

The consumer brands segment has been described as the ‘last hot battlefield of Chinese VCs.’

The startup rents out overhead equipment such as forklifts and excavators, and delivers them to the locations where they are needed.

It was driven by increases in the average order size and number of active consumers.