Chinese companies are real good with scaling

Good thing that they got banned in India. Else would’ve destroyed local garment mfg and e-commerce companies

There's obviously the climate cost of everything, but to be more valuable than H&M ($22B), Gap ($16.7B), and UNIQLO ($15.7B) at just ~10 years of existence is crazy

- NEWME, a fashion brand for Gen Z women, has secured $18 million in a funding round led by Accel, with participation from Fireside Ventures and AUM Ventures. - The capital will be used to enhance the company's omnichannel presence and improve its supply-chain technology, according to CEO Sumit Jasoria. - NEWME plans to open 40-50 stores in 20 key cities, including Guwahati, Shillong, and Imphal, over the next 12-18 months. - The funding comes as more companies focus on the Gen Z market, with competitors like Lyskraft and major players like Flipkart and Myntra also targeting this demographic. - Accel's Anand Daniel highlighted the potential of D2C brands in India's retail sector, which is projected to reach $2.2 trillion by 2030. Source: Moneycontrol - tinyurl.com/29nkuujy

Heard Tokopedia is shutting down both offices in India and all teams will be laid off. Is this true? Any one from Tokopedia can confirm?

Another consumer tech startup bites the dust :/ https://entrackr.com/2023/10/ex-myntra-ceos-startup-virgio-shuts-down-after-raising-37-mn/

Social commerce, live streams, music app, and now text 🥲

Another Chinese mega-success

So much money in affiliate marketing🫠 Does anyone know about this woman in china, she sells on an average $19 Million dollar(160 Cr INR) worth of products per week, she just showcases a product on an average of less than 3 seconds. Famous of douyin(chinese Tiktok)