Retail

The company says it is pivoting to operate beyond e-commerce.

The beverage maker has been galloping since its foundation, showing no sign of slowing down.

The beverage maker has been galloping since its foundation, showing no sign of slowing down.

Despite robust growth, Sea reported net losses to the tune of USD 433.7 million in the second quarter, up 10.2% YoY.

Supermarket chains must explore new business lines to counter loss-making fresh food e-commerce upstarts.

Chinese VCs are increasingly investing in consumer brands that leverage China’s robust existing infrastructure in logistics, e-commerce, and social media to connect with younger consumers.

China’s tech giants have started a new proxy war in the food and beverage industry.

The Tencent-backed supermarket chain is trying to recover an edge after losing out to internet giants in the grocery market.