Consumer Economy

In 2018, Grofers pivoted to a private label company targets the mass market with affordably-priced in-house products to turn around.

ByteDance’s e-commerce unit reportedly prefers a standalone shopping site similar to Tmall.

However, for the first time, Single’s Day total GMV fell short compared to 6/18’s GMV in June.

Pinduoduo’s share price increased by 20.41% to a record USD 134.21 in Thursday trading following its third-quarter earnings announcement.

The new Grab service will be available in selected areas in Malaysia.

Over 20 million hours of livestreams were watched on Shopee Live in Southeast Asia and Taiwan since it launched 11.11 Big Sale three weeks ago.

The State Post Bureau predicts the total parcel volume for Singles’ Day to reach 3 billion.

JD.com recorded USD 40.9 billion in GMV, a 34.6% increase from last year.