Consumer Economy

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

Dada Nexus’ IPO marks the second China-based company aiming to go public in the US after the Luckin Coffee scandal involving fraudulent financials.

IUIGA plans to grow its Indonesian operations, doubling the office’s headcount in the coming six months.

Cainiao has partnered with 4PX Express, a cross-border e-commerce solutions provider headquartered in Shenzhen, Guangdong province.

Brimore connects small and medium-sized manufacturers in Egypt with its network of freelancers, who sell consumer goods within their local communities.

The company manages an e-commerce app for trading second-hand luxury items including watches, shoes, and bags.

The app is still not available to the public, but might be at the end of May.

Coffee brands are diversifying, adding non-coffee drinks with herbs such as turmeric, ginger, and tamarind.