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Plus, Alibaba-backed HelloBike is about to complete its new financing round of over US$ 1 billion. Uber Eats has acquired Ando.

As Chinese users are used to subsidies, free trials, and coupons, having Alibaba, or its adequate capital behind its back, Hellobike is likely to take on the already fierce fight with top players in t

SoftBank told Uber to concentrate on recovering market share in the US and key European markets.

The combination of ride-hailing and self-service snack bars is an attempt to tap into the new retail market.

Plus, Thailand’s CP Group plans to invest $156.8m in India over five years. WeChat rolled out its first staff-less pop-up store in Shanghai.  

Highlights from the past week, as well as something cool for the weekend.

Ant Financial becomes a minority shareholder of Hong Kong-based dining guide platform OpenRice.

Behind the scenes of the yet-to-close Ofo-Alibaba deal.

Plus, Uber Singapore and ComfortDelGro (CDG) launched their low-cost ride-hailing service UberFLASH. Xiaomi and Shunwei Capital invested in Indian social networking platform ShareChat.

Plus, Didi launched its bike rental platform in Beijing and Shenzhen. Polling company SurveyMonkey is preparing to go public later this year.