E-commerce

A combined entity formed by Gojek and Tokopedia would be valued at more than USD 18 billion, eclipsing Grab’s USD 16 billion valuation.

Ant Group’s valuation is estimated to fall by more than half after the business overhaul.

The company has made a comeback by letting go of non-core businesses, focusing on unit economics, and acting on the foresight of targeting non-metro cities

Online sales of prepared meals are up 380% year-on-year.

Alibaba’s strong growth, buoyed by 2020’s extended Singles’ Day shopping festival, was overshadowed by an antitrust investigation and Ant Group’s business overhaul.

Tencent is looking to consolidate shoppers’ data and traffic within WeChat.

Kuaishou is more of a social community, while chief rival Douyin functions like a media and entertainment platform.

Eeleen gives advice to companies that are considering scaling up beyond their home market.