Consumer Economy

Social commerce is catching on in the country, but it might take a different form from China’s Pinduoduo.

Shein is one of the most popular e-commerce apps in several countries around the world, but it’s barely known in China.

The new CEO, Chen Lei, is also a founding member of Pinduoduo.

Hillhouse Capital-backed Blue Moon is to raise up to USD 1 billion in a Hong Kong public offering.

CEO Paul Brown-Kenyon says iPrice will further strengthen its Google presence and extend the partnership strategy with media platforms, social media, and super apps.

Huang Guangyu was one of China’s best-known businessmen before being sent to prison. Now he makes an early comeback.

The move towards regulation comes after China’s consumer rights watchdog received a surge of complaints.

GroupM predicts overall advertising spend to drop by 25% in 2020.