Consumer Economy

Earlier this month, the firm received a USD 1.2 billion check from its parent, Walmart.

Nice Tuan completed three financing rounds this year alone.

Oway Ride has raised a total of USD 26 million from investors such as the World Bank’s International Finance Corporation, Openspace Ventures, Emerging Markets Group, and Daiwa PI Partners.

Traveloka said it witnessed “a historic drop” in business activity caused by the pandemic towards levels never seen before.

Earlier this year, Trip.com planned a secondary listing in Hong Kong, but reversed track due to the COVID-19 pandemic, which resulted in industry-wide losses.

All bank accounts in Kuwait that belong to Boutiqaat and its founder have been frozen.

The Duoduo Pifa wholesaling feature is similar to Alibaba’s 1688 platform, which is the country’s largest online platform for businesses to procure goods.

The Thai startup ecosystem, which includes local corporate venture capital arms, Chinese conglomerates, and the Thai government, have started to pledge fresh capital for investments in innovation.