China’s largest ride-hailing company is planning to buy over one million second-hand vehicles from online car marketplace Renrenche.com. NewsDeals | Buying 1M Vehicles from Renrenche, Didi Chuxing is Driving Closer to its Vision of Future Generation Car-Sharing2 mins read
Momo might be in urgent need of diversifying its revenue sources. NewsDeals | China’s New Dating App Giant Emerging: Nasdaq-Listed Momo to Acquire Tinder-Like Tantan2 mins read
China’s ride-hailing companies are likely to ignite another price war NewsMeituan-Dianping to Launch Ride-Hailing Services in Shanghai2 mins read
Investors prevailing over entrepreneurs in the startup world bodes ill. InsightsAn Investor’s Reflection on China’s Bike-Sharing Industry: A Magical Realism3 mins read
Plus, Amazon plans to open as many as six more cashier-less stores this year. Toutiao has reportedly acquired augmented reality-based selfie app Faceu for USD300 million. NewsKrAsia Daily: Uber Set to Invest Aggressively in SE Asia5 mins read
“Chinese electric car-sharing is still in its infant stage, facing challenges from the market and regulatory policies.” NewsDeals | Mango Chuxing Enters Chinese EV-sharing Market with PRE-A Round Financing2 mins read
Faceu is China’s #3 beauty camera app by market penetration rate. NewsDeals | Toutiao Acquired AR-Based Selfie App Faceu to Keep Diversifying3 mins read
Don’t do ‘anything big’ before you fully understand what the CRYPTO STUFF IS. InsightsCheckItOut! | Crypto Readings and Resources Curated by a16z1 min read
Scan your palm, open the gate, take and go. NewsDeals | DeepBlue Technology Raises Hundreds of Millions of RMB to Build China’s AmazonGo3 mins read
Plus, Bukalapak is exploring pros and cons in IPO and fundraising. Xiaomi has opened its first authorized store in the Philippines. NewsKrAsia Daily: Uber Launches Express Pool to Offer Cheaper Fares4 mins read