Transportation

In a memo to his employees, Didi CEO Cheng Wei wrote movingly that safety is the company’s top priority going forward.

Ride-hailing companies that are currently leading the way in Asia include Grab, Go-Jek, Ola, and Didi.

Didi loses $584m in the first six months of 2018.

The money will definitely help Ofo fight its strongest competitor Mobike, a company owned by Meituan.

It’s working with three P2P lenders: Findaya, Dana Cita and Aktivaku.

An official with the country’s Land Transportation Franchising and Regulatory Board said that Go-Jek has set up a local affliate.

Indonesia is Grab’s largest market, says the Southeast Asian O2O giant which started off as a ride-hailing service.

This is on top of a US$700 million pledge in 2017, as part of Grab’s master plan for Indonesia.