E-commerce

Jio Platforms had raised USD 20 billion in funding from 13 global high-profile investors including tech giants like Facebook and Google earlier this year.

By 2025, the country’s e-commerce sector is projected to generate 41.3 million tonnes of plastic waste, but efforts are being made.

The social commerce player aims to become China’s No. 1 online agriculture platform by investing in related technologies and operations.

This is the first time that a hotel chain operator in China has opened an online booking channel on Pinduoduo, which mainly sells groceries.

But average spending per user remained less competitive compared to Alibaba e-commerce and JD.com.

Motorcycle sales in Vietnam took a hit in the first quarter, dropping 3.7% YoY, and falling 71% in April.

Pinduoduo’s growth has continued in the post-pandemic recovery period, as the company seeks to expand its presence in China’s massive agriculture industry.

Informal services thrive easily on Taobao thanks to its large userbase and on-site messaging function.