The world’s two largest ride-hailing companies, Didi Chuxing and Uber are now all Grab’s shareholders. NewsDeals | Uber Sells Businesses in SE Asia to Local Rival Grab (Updated with Grab Internal Email to Staff)7 mins read
Former CEO of Alibaba LU Zhaoxi participated in Startdt’s US$ 3.8 million pre-A round. NewsDeals | Empowering Unmanned Retail with Big Data, Former Alibaba Executive’s AI Startup Startdt Raises US$ 3.8m5 mins read
Plus, Ant Financial CEO: blockchain technologies will be the cornerstone of the future digital society. Waymo CEO said Waymo would likely have avoided the fatal Uber crash. NewsKrASIA Daily: Uber Is Retreating from SE Asia3 mins read
The sellout will include both Uber’s hailing business and Uber Eats in the region. NewsGrab Reportedly Announces Buying out Uber SEA Business Next Monday2 mins read
According to a newly released report, China has 164 Chinese unicorns worth in total $ 628.4 billion. NewsKrASIA Weekly Roundup: Is China Underestimated in Terms of Incubating Unicorn Startups?3 mins read
AVANA’s co-founder, Yien Yee, has also been recently selected to be a part of Alibaba’s e-Founders Fellowship Programme. NewsDeals | Gobi Partners Leads $1M in Malaysian AVANA’s Pre-A Round2 mins read
China has 587.5 active credit cards as of December 31, 2017 NewsChina’s Largest Credit Card Service Startup 51 Credit Card Filed to List in HK2 mins read
Tencent and Walmart are all major shareholders in JD.com. NewsWalmart Sides with Tencent; Stops Accepting Alipay in Southwest China Stores2 mins read
The rapid development of Nesno, as founder PENG Xin sees it, is attributed largely to the time-honored tea culture in China. NewsDeals | With Monthly Revenue Higher than Starbucks, Nesno Became the First Unicorn in China’s Tea Chain Sector3 mins read
Plus, Tokopedia plans to build an innovation center. Dropbox priced IPO at $21 per share. NewsKrASIA Daily: JD.com to Launch Blockchain-as-a-Service Platform5 mins read
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