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Meituan has a market share of 60% to 90% in Guangdong province and charges up to 26% commission for newly-opened merchants. Almost half of China’s Internet users used online delivery services last year, and 67% were regular users of Meituan.
Mukesh Ambani is again Asia’s richest person after a deal with Mark Zuckerberg’s Facebook Inc sent his conglomerate’s stock surging.
More than a year after the billionaire chairman of Xpeng Motors labeled as “questionable” Tesla Inc’s allegations that an engineer stole Autopilot secrets before bolting to the Chinese startup, the questions from Elon Musk’s company keep coming.
Several of Amazon.com Inc's foreign websites have been added to the US trade regulator's "Notorious Markets" report on marketplaces known for counterfeiting and piracy concerns.
Chinese state media blasts local officials for misuse of livestreaming sales intended to help poor farmers
Some officials sold products at a loss or even made up fake orders that were cancelled after the show, according to Xinhua. China’s live-streaming market was worth 433.8bil yuan in 2019 and is expected to double in size this year, according to iiMedia Research.
Quibi’s day of reckoning is coming. It’s not looking good.
Zoom, one of the few success stories of the Covid-19 pandemic, now faces a new competitor in an app backed by Asia’s wealthiest person, Mukesh Ambani.
Social media app TikTok distanced itself from Beijing after India banned 59 Chinese apps in the country, according to a correspondence seen by Reuters.
Time will be the next frontier in India’s digital battlefield; dollars will follow the hours consumers spend online.
American corporate leaders from Apple Inc’s Tim Cook and Amazon.com Inc’s Jeff Bezos to Facebook Inc’s Mark Zuckerberg have all known that India could be the next big thing. Alphabet Inc’s CEO Sundar Pichai, himself Indian-born, hasn’t sat idly by, either.