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The company is emboldened by its advantages built up in China’s mature e-commerce and logistics landscape, along with burgeoning demand for Chinese products.

Lu Zhengyao has reformed his strategic preference for capital-intensive subsidies in favor of a patient and measured approach.

Started in 2012, over 65 million consumers and businesses use OpenSooq’s web and mobile apps across the region.

There will be eight sessions at this year’s conference, with topics ranging from supply chain security to cyber insurance.

The latest round, which reportedly values GoMechanic at USD 315–320 million, takes the total funding raised by the five-year-old startup to date to USD 55 million.

Company uses cloud-based AI technology to generate quick clips.

South African lender TymeBank said it is also eyeing a digital banking license in the country.

Drivers say their income from bonuses would be slashed by 50% under the new scheme.