NewsKrASIA Weekly RoundupHighlights from the past week, as well as something cool for the weekend. 3 mins read
China is the world’s largest EV market and Tesla holds a 3 percent market share. NewsTesla Lags Behind Its Plan to Capitalize on China’s EV Market, Struggling to Land Shanghai Factory2 mins read
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
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
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
NewsFinVolution, NUS Business School share findings on financial inclusion for Filipino domestic helpers
