E-commerce

Xiaohongshu is the latest company to join the likes of ByteDance, Keep, and LinkDoc to abandon an initial public offering in New York.

The ramifications are multifold, and may significantly reshape how Pinduoduo and ByteDance build their revenue streams and user pools.

China’s internet sector has long been cleaved into two camps, but that may change soon.

Both Carsome and Carro have plans to list in New York.

The new funding marks the re-entry of SoftBank on Flipkart’s cap table after three years.

Its latest offering, Nejree Closet, enables customers to try on products in their homes before they committing to purchases.

Taking a cue from the Thrasio-model, a bunch of local startups like 10Club, Upscalio, and Mensa, are buying digital brands to become the online version of P&G or Unilever in the country.

With the most recent funding, the three-year-old startup has now raised USD 183 million across three rounds.