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Plus, Carousell and Carro raise fresh funds. Tesla has set up a company in Shanghai.

The challenge is great, but the market also has great potential as there is not yet a dominant player.

Go-Jek is indeed doing the right thing by attacking Grab’s core markets: the Philippines, Thailand, Vietnam and Singapore. Now (or soon) when the users have a taste of how monopoly is like, they will

Investments in e-commerce, consumer, and new retail.

Xiaomi was reportedly mulling whether to buy the action camera maker GoPro.

SoftBank Ventures Korea co-led the round.

Tencent Mobile Internet Business Group gets a huge boost with coveted Shenzhen’s automobile road test license.

Singapore’s Carousell receives much-needed ammunition to take on its competitors.

Alibaba powers on via new retail and international expansions.

Plus, Didi Chuxing suspended hitch service. Walmart may list Flipkart.