Consumer Economy

Alibaba co-founder Jack Ma is in possession of 34% of Ant Group’s shares.

The e-commerce firm will leverage Microsoft’s expertise in building a resilient cloud infrastructure to support Bukalapak’s services for more than 100 million customers.

Alibaba joins JD.com and Tencent to become an investor in the London-based company.

SN and JD.com’s JDG had an “e-retailer derby” in the League of Legends tournament.

Yatsen has witnessed its sales increase 363.7% year-on-year or roughly 30 times the growth rate of the broader China beauty industry.

Tencent, which has backed Kuaishou since 2017, will be a cornerstone investor in the IPO.

This isn’t the first time Miniso’s products were found to have harmful elements.

iCar Asia owns and operates a network of automotive portals that reaches 12 million car buyers and sellers every month.