Taking a page from the likes of Pinduoduo, Webuy hosts a fleet of community leaders to funnel groceries to customers in Singapore, Malaysia, and Indonesia.
With the Indian government amending FDI rules and banning two of its services in the country, Alibaba’s prospects of building a business empire in India came to a dead-end.
China’s desire to groom homegrown chip firms has led to a series of multimillion-dollar investments in poorly planned projects, many of which went bankrupt quickly.