E-commerce

Pinduoduo predicts annual gross merchandise volume on its platform from agriculture to exceed RMB 1 trillion (USD 146 billion) in annual GMV in five years.

Now a massive marketplace with 90 million monthly active users and 9 million merchants, Tokopedia’s rise maps the evolution to a critical driver of growth for the Indonesian economy. 

The report said the festive season is expected to see 45 to 50 million new users shopping online.

Nearly 15 million mom-and-pop stores in India still prefer traditional methods of supply chain management over digitization.

The launch of the feature is a significant step towards transforming home-buying into an online experience.

This month, Tencent also led a USD 50 million funding round in music streaming company Gaana along with Times Internet.

The factory, which has been under development for three years, is now able to produce small-batch orders at reasonable costs and with shorter delivery times for apparel makers.

More than 100 million people watch e-commerce livestreaming on the short video app.