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Subscription-based e-commerce is about retention, not one-time purchases.

The ride-hailing company raises its cash reserves up to $12 billion.

Plus, Temasek led an $80 million financing round of biopharmaceutical company Tessa Therapeutics. European Court rules Uber is a taxi service.

YY.com is dipping its toes in offline entertainment.

The deal marks Mobike’s first investment from an overseas investor.

Plus, after Tencent and Alibaba, Ping An Insurance Company has become the third-largest companies in China by market value among non-state controlled companies. Youtube signed an agreement with two to

The gym industry is in the middle of a transformation, and O2O platforms may be the largest beneficiary.

Plus, Tencent and JD are leading an $863 million investment in Vipshop, intensifying the completion with Alibaba. Uber users are now able to hail rides on BlackBerry Messenger.