Consumer Economy

Pinduoduo’s share price increased by 20.41% to a record USD 134.21 in Thursday trading following its third-quarter earnings announcement.

The new Grab service will be available in selected areas in Malaysia.

Over 20 million hours of livestreams were watched on Shopee Live in Southeast Asia and Taiwan since it launched 11.11 Big Sale three weeks ago.

The State Post Bureau predicts the total parcel volume for Singles’ Day to reach 3 billion.

JD.com recorded USD 40.9 billion in GMV, a 34.6% increase from last year.

The penetration rate of livestreaming e-commerce in China was 4.1% in 2019 and is expected to reach 8.6% by the end of 2020 and 14.3% by 2021.

Vietnam’s e-commerce sector is expected to grow by 46%.

China’s tech giants feel the chill of a tighter regulatory environment.