Consumer Economy

With only 2% of Chinese getting rid of used smartphones, JD.com, Tencent, and Alibaba are all making investments in the second-hand market.

Bases in Taiwan and Europe to help retailers build online platforms.

Japanese conglomerate SoftBank and American PE firm Carlyle have also shown interest in investing in Reliance Retail.

From shareholders and leadership to operations and finance, Ant Group has Alibaba’s DNA right from the start.

Walmart could leverage TikTok’s backend and a partnership with ByteDance to create social commerce platforms for the next generation of shoppers.

JD Health has grown into China’s largest online pharmacy by revenue and was valued at USD 7 billion as of September 2019.

Pinduoduo predicts annual gross merchandise volume on its platform from agriculture to exceed RMB 1 trillion (USD 146 billion) in annual GMV in five years.

Now a massive marketplace with 90 million monthly active users and 9 million merchants, Tokopedia’s rise maps the evolution to a critical driver of growth for the Indonesian economy.