Consumer Economy

The total value of all known unicorns based in India is USD 73.2 billion, while the value of unicorns founded overseas by Indians sums up to USD 99.6  billion.

JD.com aims to develop its neighborhood group-shopping, on-demand delivery, and retail-plus service.

Flipkart has supported the entrepreneurial ambitions of its employees, but this is the first time it’s formally getting involved in a mentoring activity.

Chilindo allows users to place bids and pay the price for products covering fashion, electronics, and gadgets, among others.

US-listed Chinese firms are under more pressure to adhere to US corporate governance standards following regulation introduced by Nasdaq in May.

Illegal vendors provide many payment options and vastly cheaper pricing, at times operating on marketplaces like Tokopedia and Shopee.

Xiaomi continued to be the number one player, with about 29% market share, followed by Samsung and Vivo.

Shangjia Xiaochengxu aims to help the retail sector to upgrade digitally and seek additional revenue growth.