NewsRumor: Uber Proposes to Merge with India’s Ola and to Lead the New CompanySoftBank is the largest shareholder in both Uber and Ola. 3 mins read
Mooe Robot’s customers include BYD Company, laptop manufacturer Inventec, and Alibaba Group’s logistics platform CaiNiao. NewsDeals | Warehouse Logistics Robot Manufacturer Mooe Robot Received Tens of Millions of RMB Worth of Financing2 mins read
Plus, Singapore to investigate the Uber-Grab deal. Tesla’s semiautonomous system was engaged in the fatal crash of its Model X. NewsKrASIA Daily: Didi Chuxing Launches Food-delivery Pilot in Wuxi to Contend against Meituan-Dianping4 mins read
Tons of pressure would weigh on Go-Jek’s shoulders with the scent of a now much stronger Grab would be attacking on its home turf, right before Go-Jek launched its own overseas expansion plan in the rNewsKrASIA Weekly Roundup: A Future Showdown between Go-Jek and Grab?4 mins read
AcFun’s rival Bilibili priced its IPO at $11.50 per share to raise in total $483 million through a Nasdaq-listing. NewsToutiao Comes to Rescue as Anime-streaming Site AcFun Fails to Secure Alibaba Investment3 mins read
For Bixin-like apps, monetizing the customer base still remains at the center of their agenda. NewsDeals | Gamer Dating App Bixin Raises Series A of Tens of Millions of US Dollars from IDG Capital at a Valuation of Over $100 Million3 mins read
Plus, Grab faces competition from three startups in the Philippines. Alibaba’s mapping unit kicked off carpooling service. NewsKrASIA Daily: Uber Reached Settlement with Family of Self-driving Victim, Avoiding Potential Legal Battle4 mins read
Tencent is a strategic investor in SEE. NewsDeals | WeChat Mini-Program-Based E-commerce Solution Provider SEE Raises Sequoia Capital-led C-plus Round2 mins read
Plus, Baidu’s video streaming unit iQiyi prices IPO at $18 per share. Vision Fund plans to invest in another 30 companies over the next two years. NewsKrASIA Daily: Go-Jek to Announce First Expansion in SE Asia5 mins read
NewsFinVolution, NUS Business School share findings on financial inclusion for Filipino domestic helpers
