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The investment in Luxstay comes as the sharing economy business model in Southeast Asia, particularly in Vietnam, is growing exponentially.
Grab might be receiving up to $5 billion in Series H, beyond the planned 3 billion.
Leveraging on Alipay’s mini program, their orders increased by 6 times in 6 months, reaching an average of 1000 orders a day.
They operate like a library, lending children’s books through their WeChat mini program, WeChat official account, their own app and Alipay.
Honestbee faces stiff competition in the online food and groceries delivery market.
Its average user opens the app 2-3 times a day!
The acquisition of Naked Hub helped WeWork in a market that’s notoriously difficult for foreign firms to crack. Unless they sell a lifestyle.
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