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Tujia controls nearly half of China’s home-sharing market along with Alibaba-backed rival Xiaozhu.
The US firm has been operating in Singapore since November 2018
Can sharing an electric motorbike with neighbors become an attractive alternative to Grab and Go-Jek’s motorbike taxis?
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.
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