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In less than a month, Dongci has raised two funding rounds.

Plus, South Korean conglomerate SK Holdings invested in Grab. Mirae Asset Financial Group plans to raise a US$264.8 million fund to invest in Didi Chuxing. 

Xunlei expects to sign up a memorandum of understanding (MOU) with CAT Telecom to set up a joint venture in the country.

Many Chinese startups are in the dilemma of either siding with tech giants or competing against them.

The launching of Didi Chuxing, the landscape of the ride-hailing market, and the Chinese ride-hailing giant’s showdown with Uber, all in Mexico.

An elevator is a necessary vehicle in work and life of the urban population. The time spent in the elevator is a good opportunity to seize the attention of the users.

In China, there is a saying that ‘people treat food as god’. In this most populated country in the world, food is the number one issue at all time.

China’s Meituan-Dianping could potential also invest in Swiggy again. In February, Meituan, along with Naspers, had just shelled out $100 million for Swiggy.

It all feels like Déjà Vu – what is happening now to Uber Southeast Asia & its employees.

The deal would be made in 65% cash and 35% Meituan equities.