E-commerce

China has become an influencer economy with almost all online consumers buying products based on recommendations by their idols.

Fabelio targets to raise a total of USD 15 million of fresh capital by the end of 2020.

The move marks the latest attempt for Didi to expand beyond its core ride-hailing business.

Four years on, Meituan’s Internet+ strategy is beginning to show some teeth.

China’s rural e-commerce market, projected to reach about USD 240 billion this year, faces a “huge talent gap,” according to the China Agricultural University.

Chinese also love to shop online in other major shopping festivals such as 618 and Double 12.

The firm’s shares will begin trading on the Hong Kong stock exchange on June 18.

Jio Platforms has divested a 22.3% stake for over USD 13.7 billion, from nine high profile investors.