Consumer Economy

Amazon India and Flipkart are reportedly taking baby steps towards appeasing small retailers.

Asia’s most valuable company raised USD 12.9 billion in the biggest IPO globally this year.

The world’s largest online retailer closed its own Chinese domestic marketplace in July.

There is a need for today’s technology companies to embark on a path to sustainability, to remain efficient, and cover their costs.

The company now takes user engagement as the top priority over monetization, but difficulties remain ahead.

In the next three years, Pinduoduo will introduce more than 10,000 international brands to its platform.

Users can monetize their influence by getting part of the sales commission fees.

Pinduoduo reached 536.3 million active buyers, up 39% year-on-year.