China’s largest ride-hailing company is facing challenges from Meituan-Dianping and AutoNavi. NewsLosing $300M in 2017, Didi Chuxing Wants to Turn a Profit in 2018 Amid Fierce Competition2 mins read
Plus, Go-Jek and Grab are asked to register in Indonesia as transport companies. SoftBank is investing $400 million in Paytm. NewsKrASIA Daily: Alibaba Buys China’s Largest Food Delivery App Ele.me5 mins read
In a monopoly, customers will pay more than they would in a competitive market. InsightsTurning Monopoly into a Duopoly?–Chinese Ride-sharing Business Enters the Path of Competition, again4 mins read
SoftBank is the largest shareholder in both Uber and Ola. NewsRumor: Uber Proposes to Merge with India’s Ola and to Lead the New Company3 mins read
Mooe Robot’s customers include BYD Company, laptop manufacturer Inventec, and Alibaba Group’s logistics platform CaiNiao. NewsDeals | Warehouse Logistics Robot Manufacturer Mooe Robot Received Tens of Millions of RMB Worth of Financing2 mins read
Plus, Singapore to investigate the Uber-Grab deal. Tesla’s semiautonomous system was engaged in the fatal crash of its Model X. NewsKrASIA Daily: Didi Chuxing Launches Food-delivery Pilot in Wuxi to Contend against Meituan-Dianping4 mins read
Tons of pressure would weigh on Go-Jek’s shoulders with the scent of a now much stronger Grab would be attacking on its home turf, right before Go-Jek launched its own overseas expansion plan in the rNewsKrASIA Weekly Roundup: A Future Showdown between Go-Jek and Grab?4 mins read
AcFun’s rival Bilibili priced its IPO at $11.50 per share to raise in total $483 million through a Nasdaq-listing. NewsToutiao Comes to Rescue as Anime-streaming Site AcFun Fails to Secure Alibaba Investment3 mins read
For Bixin-like apps, monetizing the customer base still remains at the center of their agenda. NewsDeals | Gamer Dating App Bixin Raises Series A of Tens of Millions of US Dollars from IDG Capital at a Valuation of Over $100 Million3 mins read
Plus, Grab faces competition from three startups in the Philippines. Alibaba’s mapping unit kicked off carpooling service. NewsKrASIA Daily: Uber Reached Settlement with Family of Self-driving Victim, Avoiding Potential Legal Battle4 mins read