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Although group-buying has been around in China way before the COVID-19 pandemic, the sector enjoyed renewed popularity thanks to social distancing measures.

5G, EV chargers, and AI to be boosted as Beijing eyes prolonged tensions with US.

Lalamove’s orders increased 50% in 2020, despite a 93% year-on-year decrease in February.

From the new fund, the VC firm plans to invest in 15-20 consumer brands.

The company aims to reach 1 million farmers within three years.

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Data from Indonesia’s financial services authority (OJK) states that the number of retail investors has grown 56% year-on-year in 2020.

It happens as Tesla is handing over its first Shanghai-made vehicles.

The grocery group-buying business has come under fire from state media as a cheap means of monetization, but how real is the threat posed to conventional retailers?

However, as the industry is still in the early stages, skepticism, inadequate digital infrastructure, and insufficient support affect young players’ aspirations.