Consumer Economy

In 2019, only 4% of overall retail spending in Hong Kong was conducted online, compared to 24% on the Chinese mainland.

Active user number retained high growth speed for the third consecutive quarter despite the COVID-19.

A summary of what these companies did right to survive, rise, and shine from the global health crisis.

Shopee orders are up 111.2% year-on-year, while Garena’s paying users grew by 72.5% to 35.7 million.

General Atlantic is the fourth investor to come on the cap table of Jio Platforms in the past four weeks.

Independent directors named as CEO Son tries to boost confidence after big loss.

Kuaishou sets a yearly target of RMB 250 billion in livestreaming e-commerce GMV, above Douyin’s target of RMB 200 billion.

Chinese e-commerce stocks soar following Chinese Labor Day sales campaigns.