News

Meituan’s revenue from food delivery was more than double that of Alibaba’s Ele.me in Q3 2021.

E-commerce giants Amazon and Flipkart saw their revenue from operations surge by 49% and 32% respectively in FY 2021 as millions of people opted to shop online due to the COVID-19 pandemic.

The super app developer’s experience as a new public company may serve as a reference for other businesses that are eyeing ticker symbols in the United States.

In October 2021, Amazon closed down its Kindle flagship on Taobao.

The Chinese government has spent USD 22 billion to subsidize the country’s NEV industry since 2009.

India witnessed 97 mega deals—rounds over USD 100 million—worth USD 24 billion in 2021, compared to 28 such investments worth USD 5.5 billion in 2020.

After Nadiem Makarim, more tech executives have switched over to the public sector, with the latest being Bukalapak’s Rachmat Kaimuddin.

Taobao, Pinduoduo, JD.com, Kuaishou, and Douyin were all targets of an investigation that began in November.