Consumer Economy

Purplle earns 70–80% of revenues from tier-2 and tier-3 consumers living in suburban areas and smaller cities.

JD’s stock rallies on quarterly results and Alibaba’s weak performance.

Sea Group doubled revenues in Q3, but it also reported a 34% increase in net losses.

This round brings Ula’s total Series B investment to USD 110 million.

Major platforms highlighted sustainability efforts instead of sales numbers during the world’s largest shopping event.

Singapore group’s market cap doubles despite losses, chasing Alibaba, Tencent.

The number of homegrown startups in the Philippines has almost doubled in the last three years.

Nykaa said its consolidated gross merchandise value rose 63% YoY and 10% sequentially in Q3 of 2021 to reach INR 16.2 billion.