E-commerce

The grocers were penalized for selling below cost and misleading consumers.

JD.com’s 2020 revenues increased 29.3% to USD 114.3 billion.

The startup rents out overhead equipment such as forklifts and excavators, and delivers them to the locations where they are needed.

It was driven by increases in the average order size and number of active consumers.

Midea is one of Pinduoduo’s customer-to-manufacturer (C2M) partners.

Beauty and fashion companies attracted over 50% of USD 1.4 billion raised by internet-first brands between 2014-2020 in India.

The company is signaling a move into the Philippine market.

Pinduoduo is increasingly penetrating China’s agriculture sector with investments in upgrading its supply chain, and the launch of grocery group buying.