NewsGrab reportedly adding $1 billion to its war chest, expecting competition with local and foreign rivalsGrab counts SoftBank and Didi Chuxing as backers 1 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
Plus, ComfortDelGro mulls partnership with Go-Jek. Facebook released rulebook. NewsKrASIA Daily: China’s ride-hailing giant Didi Chuxing reportedly in talks for IPO 4 mins read
Plus, Razer acquires MOL. Walmart is close to buying a majority stake in Flipkart. NewsKrASIA Daily: Didi Chuxing enters Uber’s key market Mexico 5 mins read
China online food delivery is now a RMB 20 million market NewsChina’s ele.me claims 260m users and 6 billion orders for 20171 min read
