Transportation

It cut the target by approximately 17% from US$1.8 billion to US$1.5 billion.

Often overlooked, Vietnam is home to one of the region’s silent unicorns, VNG. And there are other factors that make this country stand out.

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.