E-Commerce

Shares drop as much as 18% after latest results from Alibaba rival.

Despite potential for growth, online grocery might not be as lucrative as previously thought.

The company is making preparations to take its services to Indonesia.

Shopee and Traveloka have ventured into food delivery and on-demand transportation, while AirAsia plans to launch an array of services in Indonesia soon.

To be featured on top livestreams, merchants must pay hefty fees to multi-channel networks.

In 2021, the e-commerce firm expanded its operations to Latin America, Europe, India, and South Korea.

E-commerce giants Amazon and Flipkart saw their revenue from operations surge by 49% and 32% respectively in FY 2021 as millions of people opted to shop online due to the COVID-19 pandemic.

In October 2021, Amazon closed down its Kindle flagship on Taobao.