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Didi Chuxing is now allowed to test autonomous vehicles in California

China is competing with the U.S. for leadership in the autonomous driving market.

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SoftBank mulls over decision to invest further into Paytm Mall.
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Japanese internet giant SoftBank considers huge investments into Paytm Mall
1 min read
Didi Chuxing will stop taking orders for its ride-pooling service from 22:00 to 6:00.
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Didi Chuxing rectifying ride-pooling service amid public outrage
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Ofo, Chinese bike-sharing company, bucks consolidation trend.
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Alibaba-backed Ofo turns down acquisition offer from Didi
1 min read
This car-sharing company raised two financing rounds within just half a month.
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Deals | Alibaba’s Ant Financial leads B round for car-sharing startup LIKE
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Plus, Ant Financial lowers daily withdraw limit. Uber’s growth slowed.
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KrASIA Daily: Carousell launches digital wallet after raising $85m in Series C round
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Investments in e-commerce, enterprise services, new retail, marketing, and big data & AI.
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Deals | China DealBook: Tencent-backed Alauda garnered fresh funds from Intel Capital; SDK platform ClickWifi provides personalized marketing solutions
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India’s GDP takes up almost 7 percent of the world’s.
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China state-run bank ICBC launches India-dedicated fund
1 min read
Baidu is now ‘all in AI’.
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Baidu sells Nuomi to video-streaming unit iQiyi
1 min read