News

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.

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.

It appears to be expanding into SE Asia with a potential IPO plan said to be resurfacing.

Plus, Tencent-backed video site Kuaishou seeks US$17 billion valuation. YouTube will impose stricter criteria for the types of videos that can earn money on the site.