Transportation

In China, the market for urban distribution is expected to be worth RMB 800-1000 billion.

China’s tech mogul Tencent is now behind both Go-Jek and Grab.

China is the world’s largest EV market and Tesla holds a 3 percent market share.

Didi users in mainland China, Taiwan and Hong Kong will be able to tap into their Didi app for taxi-hailing in the city.

Highlights from the past week, as well as something cool for the weekend.

Plus, Alibaba-backed HelloBike is about to complete its new financing round of over US$ 1 billion. Uber Eats has acquired Ando.

SoftBank told Uber to concentrate on recovering market share in the US and key European markets.

Plus, Thailand’s CP Group plans to invest $156.8m in India over five years. WeChat rolled out its first staff-less pop-up store in Shanghai.