Consumer Economy

Chinese startups Xingsheng Youxuan and Nice Tuan are raising funds to compete with the likes of Meituan, Pinduoduo, and Didi.

Orami boasts more than 5 million monthly active users, as well as a large and loyal community and customer base.

The company’s SaaS products have been used by more than 210,000 corporate clients including clothing brands such as Girgear, Kbstle, and Bitt’s.

Boutiqaat’s bank accounts were frozen for eight months. The company said it lost 90% of revenue during the investigation.

The unicorn is reportedly eyeing a US public listing later this year.

Last year, Meesho entered the Indonesian market, where social commerce is much more mature than India.

ShopeePay’s rapid rise can’t be separated from the popularity of the Shopee platform.

The firm runs background checks and offers a secure payment platform for cross-border trading.