NewsKrASIA Daily: Grab rival U-Hop raises fresh funding to expand in SE Asia and the USPlus, Didi Chuxing suspended hitch service. Walmart may list Flipkart. 2 mins read
Plus, eBay to relaunch in India. Singapore’s BitOfProperty raised fresh funds. NewsKrASIA Daily: Didi apologized after the murder of female passenger2 mins read
Plus, Ofo’s order for new bikes shrinks. Buffett is no bitcoin fan. NewsKrASIA Daily: Grab announces first update after acquiring Uber’s SE Asia operations 3 mins read
Grab counts SoftBank and Didi Chuxing as backers NewsGrab reportedly adding $1 billion to its war chest, expecting competition with local and foreign rivals1 min read
Plus, Alibaba expects an acceleration of sales. Flipkart agrees to sell 75% stake to Walmart. NewsKrASIA Daily: Grab reportedly in talks to raise $1 billion to fuel expansion in SE Asia3 mins read
The partnership is part of Didi Chuxing’s alliance with 31 companies in the auto industry. NewsDidi Chuxing in talks with Volkswagen to jointly develop autonomous car models for ride-hailing1 min read
“What we worry about is the dangers that arise when employees receive orders.” said HE Renqing, the logistics team leader of Meituan (美团). InsightsThe process of food delivery services- Worries of texting while riding5 mins read
Plus, SoftBank will overachieve on $10 billion investment target in India. Allianz looks to build a pan-Asia logistics portfolio. NewsKrASIA Daily: Volkswagen to manage Didi fleet and to develop new car models for ride-hailing4 mins read
Outside of China, Didi Chuxing’s global expansion is expecting a bleeding war. NewsDidi Chuxing mulls IPO to raise capital, as old and new enemies challenge its market dominance2 mins read