NewsDeals | Alibaba Takes over Food Tech Startup Ele.me to Complement New Retail StrategyEle.me is valued at $9.5 billion. 2 mins read
China’s largest ride-hailing company is facing challenges from Meituan-Dianping and AutoNavi. NewsLosing $300M in 2017, Didi Chuxing Wants to Turn a Profit in 2018 Amid Fierce Competition2 mins read
Plus, Go-Jek and Grab are asked to register in Indonesia as transport companies. SoftBank is investing $400 million in Paytm. NewsKrASIA Daily: Alibaba Buys China’s Largest Food Delivery App Ele.me5 mins read
In a monopoly, customers will pay more than they would in a competitive market. InsightsTurning Monopoly into a Duopoly?–Chinese Ride-sharing Business Enters the Path of Competition, again4 mins read
SoftBank is the largest shareholder in both Uber and Ola. NewsRumor: Uber Proposes to Merge with India’s Ola and to Lead the New Company3 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
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
The company is reportedly seeking a $60 valuation and a duo-listing in Hong Kong and China. NewsMeituan-Dianping in Talks with Banks for HK IPO, Piling up Cash to Challenge Didi Chuxing Monopoly2 mins read
