Consumer Economy

A majority of Indian startups are running out of money and time in the race to survive the pandemic.

JD.com’s stock price on Nasdaq reached a record peak of USD 59.17 on Monday.

Saudi Arabia’s e-commerce market is up 14% from last year at USD 21 billion, according to e-commerce platform ZID.

This is Jio Platforms’ eighth fund raise in seven weeks. It has raised a total of USD 12.95 billion from leading global investors.

The firm connects clothes suppliers with vendors on C2C e-commerce platforms, brick-and-mortar stores, and even street vendors.

This investment will give Qudian a 28.9% stake in Secoo.

The coronavirus has provided economies around the world with a chance for reflection.

Facebook and Reliance have filed an application to CCI for an approval.