E-commerce

Chilindo allows users to place bids and pay the price for products covering fashion, electronics, and gadgets, among others.

US-listed Chinese firms are under more pressure to adhere to US corporate governance standards following regulation introduced by Nasdaq in May.

Illegal vendors provide many payment options and vastly cheaper pricing, at times operating on marketplaces like Tokopedia and Shopee.

Xiaomi continued to be the number one player, with about 29% market share, followed by Samsung and Vivo.

Shangjia Xiaochengxu aims to help the retail sector to upgrade digitally and seek additional revenue growth.

Fanslink plans to expand to Indonesia, Vietnam, and the Philippines.

Startupbootcamp, which already operates Dubai’s Smart City Accelerator and Qatar’s SportTech Accelerator, establishes headquarters in Dubai.

According to a Nielsen report, 43% of offline sellers said the main reason for merchants to participate in an online sale event is a prospect to revive their businesses.