NewsCHINA BRIEF | Tencent-backed grocery app MissFresh bags USD 495 millionPrior to this round, MissFresh was already valued at USD 3 billion. 1 min read
Walmart pumped in USD 1.2 billion in Flipkart, at a valuation of USD 24.9 billion this month. NewsFlipkart acquires Walmart’s wholesale business in India2 mins read
Xingsheng Youxuan leverages group-buying to provide groceries at bargain prices to residents who live near to each other. NewsCHINA BRIEF | Tencent-backed grocery app Xingsheng Youxuan to close USD 800 million pre-IPO round1 min read
The USD 4.5 billion check that Google wrote for a 7.7% stake is the second-largest investment in Jio Platforms after Facebook. InsightsFrom Jio Glass to 5G network, Reliance’s new announcements hint at its ambition to dominate everything digital6 mins read
The partnership comes at a late time as other Indonesian e-commerce platforms have launched grocery services since April. NewsBukalapak partners with HappyFresh to launch e-grocery service1 min read
Abu Dhabi Investment Office (ADIO) invested USD 5 million in Shorooq Partners’ Bedaya Fund. NewsZoom opens in Saudi Arabia, Amazon.sa rebrands, and a lot of fundraising across the region | The Middle East Weekly Roundup3 mins read
Hyper-local delivery, a model of picking up goods from neighborhood stores, warehouses, and supermarkets, had gained widespread investor interest a few years ago. NewsWalmart-owned Flipkart kicks-off its hyperlocal delivery service3 mins read
The move marks the latest attempt for Didi to expand beyond its core ride-hailing business. NewsDidi ventures into e-commerce, following previous moves in delivery and on-demand trucking2 mins read
The two companies are overlapping in some sectors. NewsDidi denies rumors about acquisition by Meituan Dianping2 mins read