Consumer Economy

Mukesh Ambani has been on the mission to cut Reliance’s USD 21.4 billion net debt.

The Double Five shopping festival is part of measures to boost consumer spending, which has slowed during the COVID-19 outbreak.

Indonesia’s tech companies need to step up their security game, while the regulator has to be more stringent in protecting consumer data.

In gaming, Tencent launched “Arena of Valor” to Middle East players while Play3arabi and China’s Wafa Games partnered to arabize “Swords of Glory”.

China’s BSN will greatly reduce the barrier to entry for firms looking to leverage blockchain technology and hopes to expand to include global SMEs.

This comes barely 10 days after social networking giant Facebook brought a 9.99% stake in Jio Platforms.

Indonesia’s minister of communication Johnny Plate says Tokopedia needs to conduct an internal investigation to locate the cause of the breach.

The social giant is not only an investor of Pinduoduo, it is developing its own version of the popular social commerce platform.