NewsAlibaba generates USD 74.1 billion on Singles’ Day despite COVID-19JD.com recorded USD 40.9 billion in GMV, a 34.6% increase from last year. 2 mins read
The penetration rate of livestreaming e-commerce in China was 4.1% in 2019 and is expected to reach 8.6% by the end of 2020 and 14.3% by 2021. NewsAlibaba expects livestreaming e-commerce penetration rate to reach 30%2 mins read
Markets in the Middle East are moving towards cashless payments, with online shopping surging and diversity in payment methods. NewsAdyen expands to Middle East, opens Dubai office3 mins read
FrontRow has onboarded celebrity instructors from the fields of film, stand-up comedy, and cricket. NewsNon-academic edtech startup FrontRow raises USD 3.2 million from Lightspeed, Elevation Capital2 mins read
Up to 12 participants are eligible for a USD 60,250 investment from Singaporean VC Quest Ventures. NewsScaleUp Malaysia announces its second cohort1 min read
Startups that have received letters from CCI include Paytm, Zomato, PhonePe, UpGrad, Dream11, GOQii, Razorpay, and Matrimony.com. NewsIndia antitrust regulator probes Google’s alleged abuse of market dominance2 mins read
Vietnam’s e-commerce sector is expected to grow by 46%. NewsGrab inks partnership with Lazada in Vietnam to integrate product offerings2 mins read
China’s tech giants feel the chill of a tighter regulatory environment. NewsKEY STAT | Alibaba stocks plunge as antitrust regulation hits Singles’ Day1 min read
TME consolidated its content library during the quarter by forming partnerships with labels including Merlin, Peermusic, and Kobalt. NewsTencent Music Entertainment Q3 revenue surpasses USD 1 billion2 mins read
NewsMiddle East weekly: Aito enters the UAE, MGX invests in Anthropic, AED-backed stablecoin secures approval, and more
