Consumer Economy

This week in MENA: Saudi Customs begins applying 15% VAT on incoming e-commerce packages.

Social Bella plans to boost its growth in Indonesia’s beauty and personal market and scale up the technology infrastructure.

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.