The deal would be made in 65% cash and 35% Meituan equities. NewsDeals | Meituan Acquires Bike-sharing Startup Mobike to Keep Diversifying Business3 mins read
Established in October 2013, the 4-year-old Youxia Motors is among the earliest new automotive companies in China. NewsDeals | The Electric Vehicle Maker Youxia Motors Nabs a $ 795 million Series B at a Valuation of $ 1.9 billion2 mins read
Plus, Go-Jek identified Singapore as one market to expand to. SoftBank is investing $400 million in Paytm. NewsKrASIA Daily: Meituan-Dianping Said to Acquire One of China’s top Bike-Sharing Startup Mobike4 mins read
The fourth quarter, thanks to Alibaba’s Singles’ Day sale, is usually a strong quarter for Alibaba and its financial affiliate Ant Financial. NewsChinese Mobile Payment Sector Keeps Growing Momentum2 mins read
Eric Migicovsky is the founder of Pebble Technology (YC W11) which was acquired by Fitbit in 2016. Meet-and-greet with Y Combinator Partner Eric Migicovsky: Silicon Valley and Benefits of Having a Connection to SV1 min read
Ele.me is valued at $9.5 billion. NewsDeals | Alibaba Takes over Food Tech Startup Ele.me to Complement New Retail Strategy2 mins read
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