E-commerce

Reliance Industries’ mad run to raise funds continues. Jio Platforms total funding crossed USD 10 billion.

The CEO of JD Retail inaugurated the event, with 1,000 homes on sale, as the first streamer, offering a 38.2% discount for a new Beijing apartment.

The exact amount raised is undisclosed.

In 2019, only 4% of overall retail spending in Hong Kong was conducted online, compared to 24% on the Chinese mainland.

Active user number retained high growth speed for the third consecutive quarter despite the COVID-19.

A summary of what these companies did right to survive, rise, and shine from the global health crisis.

Shopee orders are up 111.2% year-on-year, while Garena’s paying users grew by 72.5% to 35.7 million.

General Atlantic is the fourth investor to come on the cap table of Jio Platforms in the past four weeks.