E-commerce

Eduardo Saverin, co-founder and the first investor of Facebook Inc., and Toivo Annus, CTO and co-founder of Skype, are also its backers. 

The firm will partner with Vietnam’s Tiki, Singapore’s Qoo10, Indonesia’s Blibli, and Malaysia’s Youbeli to offer Taiwanese products to Southeast Asian consumers.

This new move comes after Best launched express delivery services within Malaysia in July, following fast growth in Thailand and Vietnam.

With only 2% of Chinese getting rid of used smartphones, JD.com, Tencent, and Alibaba are all making investments in the second-hand market.

Bases in Taiwan and Europe to help retailers build online platforms.

Japanese conglomerate SoftBank and American PE firm Carlyle have also shown interest in investing in Reliance Retail.

From shareholders and leadership to operations and finance, Ant Group has Alibaba’s DNA right from the start.

Walmart could leverage TikTok’s backend and a partnership with ByteDance to create social commerce platforms for the next generation of shoppers.