Consumer Economy

As Indonesia’s tech unicorns race toward their IPOs, state-owned firms are looking to cash in.

As Pinduoduo has reached the top, the firm is rapidly discovering an unavoidable reality: Holding the lead is much harder than claiming it.

The company plans to use the money to facilitate its proposed offshore restructuring and fulfill its obligations under the USD 180 million settlement with the US SEC.

Grab reportedly bought a 4% stake in Indonesia’s conglomerate Emtek, which has strategic interests in e-commerce and payments.

The startup is looking to expand to other cities in Pakistan in the next few months.

Genki Forest CEO Tang Binsen is a programmer and former gaming executive who is looking to shake up the beverage industry.

Shipper is the latest logistics startup to receive tens of millions in investment this year.

The retail cloud business is growing rapidly, adding 3,201 new stores last year and achieving profitability.