Consumer Economy

Didi’s social group-buying service was initially launched as a standalone WeChat mini-program in June.

Shopee and Lazada are both hosting livestreaming shows that will air on Indonesian TV.

Taobao and Tmall users can enjoy rebates worth up to USD 1,500 after buying a car from the Chinese automaker.

Large sales events help online marketplaces to net new users, but Tokopedia gives it a pass.

Proliferating across Telegram, Instagram, and even Pinterest, local vintage stores are sourcing and selling clothing that can cost as low as SGD 2 to over SGD 600.

Alibaba’s famous shopping festival gives customers a longer window to capitalize on discounts this year.

This is Ambani’s second fundraising spree. Prior to this, he raised USD 20.2 billion for Reliance’s digital arm Jio Platforms from 13 high-profile global investors.

China’s two biggest short video platforms are racing to an IPO.