E-commerce

As Indonesia’s tech unicorns race toward their IPOs, state-owned firms are looking to cash in.

As Pinduoduo has reached the top, the firm is rapidly discovering an unavoidable reality: Holding the lead is much harder than claiming it.

Grab reportedly bought a 4% stake in Indonesia’s conglomerate Emtek, which has strategic interests in e-commerce and payments.

The startup is looking to expand to other cities in Pakistan in the next few months.

Shipper is the latest logistics startup to receive tens of millions in investment this year.

The retail cloud business is growing rapidly, adding 3,201 new stores last year and achieving profitability.

Chinese internet companies were ordered to correct malpractices and pledge in written statements that they will operate legally.

The deal is expected to close this month, with Gojek taking a 60% stake in GoTo.