Chinese e-commerce giant JD has recently reported quarterly revenues that fell short of the market’s expectations. This underperformance has been attributed to tough competition and dwindling advantages from government subsidies, which have impacted the…
Last week, EU regulators conducted an unannounced raid on the Dublin-based European headquarters of Temu, an online retailer and subsidiary of China’s e-commerce titan, PDD Holdings. The action arose from concerns regarding potential Chinese state subsidies…
The Indonesian Government is on the brink of launching an ambitious wage subsidy program aimed at supporting low-income workers. Set to provide IDR150,000 (approximately US$9.23) monthly, this initiative targets those earning less than IDR3.5 million. It’s an…