Consumer Economy

During this year’s Big Billion Days, Flipkart sold over USD 2.5 billion worth of goods, almost double than that of Amazon’s.

Strong China retail sales buffer group against fintech affiliate’s IPO turmoil.

Mech Mocha is backed by top tier investors including Accel Partners, Blume Ventures, Shunwei Capital, and AET Fund.

Alibaba co-founder Jack Ma is in possession of 34% of Ant Group’s shares.

The e-commerce firm will leverage Microsoft’s expertise in building a resilient cloud infrastructure to support Bukalapak’s services for more than 100 million customers.

Alibaba joins JD.com and Tencent to become an investor in the London-based company.

SN and JD.com’s JDG had an “e-retailer derby” in the League of Legends tournament.

Yatsen has witnessed its sales increase 363.7% year-on-year or roughly 30 times the growth rate of the broader China beauty industry.