Consumer Economy

This month, Tencent also led a USD 50 million funding round in music streaming company Gaana along with Times Internet.

The factory, which has been under development for three years, is now able to produce small-batch orders at reasonable costs and with shorter delivery times for apparel makers.

More than 100 million people watch e-commerce livestreaming on the short video app.

The new funding raises Carousell’s valuation to over USD 900 million.

CashKaro has launched another platform called EarnKaro.

The move, which the company said will serve to improve consumer safety, is another step for ByteDance towards making Douyin a fully-fledged e-commerce platform.

The “apps inside WeChat” opened the e-commerce possibility for China’s No.1 chatting and social media app.

Haokan, which is similar to Baidu’s Xigua, had 110 million daily active users as of last November.