Consumer Economy

JD.com has been enlarging its offline presence to compete in the era of new retail, which merges online and offline shopping.

Flipkart Wholesale, the B2B arm of the Flipkart Group reported a 22.3% dip in losses in FY 20.

Chinese tech firms JD.com, Meituan, and Didi have also been trying to persuade their users to ditch WeChat Pay and Alipay.

2021 will show us how big bets and new regs will reshape Southeast Asia’s tech scene.

“The internet industry is not a place outside the anti-monopoly law,” said the State Administration for Market Regulation.

The group-buying sector is also increasingly facing headwinds from suppliers.

GudangAda’s platform is replacing door-to-door cold calls by salespeople.

Asia has been at higher risk of data breaches, compared to other regions, and organizations here need longer to detect intrusions.