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Fast fashion retailer Shein pledges USD 50 million for new sustainability fund

USD 15 million from Shein’s newly launched fund will be disbursed to nonprofit Or Foundation to tackle textile waste.

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Alibaba, JD.com, and Pinduodo suffer big declines.
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US-listed China stocks tank after Ant IPO revival reports denied
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SpaceX, local telecoms and startups rush to enter archipelagic region.
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Satellite internet poised for big bang of growth in Southeast Asia
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Autonomous vans projected to grow more than tenfold by 2025.
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Chinese COVID lockdowns prove a big break for delivery robots
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Full Truck adds clients again after yearlong halt while Didi nears delisting.
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Beijing begins to relax pressure on New York-listed Didi, Boss Zhipin, Full Truck Alliance
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Grab vows carbon neutrality by 2040 while ComfortDelGro expands its EV fleet.
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Southeast Asian ride-hailing services race toward green mobility
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Peer-to-peer lender eyes IPO, but CEO suggests “window” remains closed.
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Indonesia’s Amartha targets jump in loans to female entrepreneurs
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China tech stocks stage broader rally as investor optimism grows.
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US-listed Chinese equities climb on stimulus and easing lockdown
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The merged company issued its first earnings report after going public last month.
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Indonesian double unicorn GoTo posted USD 1.5 billion net loss in 2021
2 mins read