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Chinese Ride-Sharing Giant Didi Plans Entry Into Europe
Chinese ride-hailing giant Didi Chuxing Technology Co. plans to make its debut in Western Europe, people familiar with the matter said, as the company seeks new growth markets ahead of a long-awaited initial public offering.
by caixinglobal
2021-02-25
2021-02-25
Grab Receives Funding From South Korean Retailer Shinsegae Group’s VC Arm
“Signet Partners, Shinsegae Group’s corporate venture capital firm, announced Tuesday that it had made an investment in the Singapore-based ride-hailing and food delivery app Grab,” reported The Korea Herald.
by techinasia
2021-02-19
2021-02-19
Shopee Expands Logistics Services In Malaysia To Offer Next-day Delivery
Shopee said it has expanded its logistics infrastructure in Malaysia and is set to introduce next-day delivery for Shopee Mart items in Peninsular Malaysia via its integrated shipping service Shopee Xpress.
by techinasia
2021-02-19
2021-02-19
Tinder Parent Match To Buy Korean Social Media Firm Hyperconnect For $1.73B
Match Group Inc has agreed to buy Softbank Group-backed South Korean social media firm Hyperconnect for $1.73 billion, as the owner of Tinder and Hinge looks beyond romantic connections to help users make friends across geographies.
by Reuters
2021-02-10
2021-02-10
Faster or Longer? Taiwan’s MediaTek Launches 5G Modem Chip That Lets Manufacturers Decide
Taiwan-based semiconductor developer MediaTek has announced the launch of a new 5G modem chip it says could give device makers more flexibility to choose between faster transmission or signals over longer distances.
by caixinglobal
2021-02-03
2021-02-03
ThaiBev Said To Be Preparing To File For Biggest Singapore IPO In Years
Bangkok-based beverage group ThaiBev will lodge a filing to list its brewery business on the Singapore Exchange (SGX) as early as next week, the Financial Times reported citing several sources familiar with the matter. The proposed offering could raise about $2 billion and would value ThaiBev’s beer-making unit at up to $10 billion, the report added, making it the largest initial public offering (IPO) in the city-state in at least eight years.
by DealStreetAsia
2021-02-01
2021-02-01
Didi’s Self-Driving Subsidiary Closes $300 Million Funding Round
Didi Chuxing’s autonomous driving subsidiary has raised $300 million in a new funding round, as the firm aims to use its driverless vehicles as part of its core ride-hailing services, a company spokesperson confirmed on last Friday.
by caixinglobal
2021-02-01
2021-02-01
Didi Is Close To Raising $1.5 Billion For Trucking Unit
Didi Chuxing Technology Co. is close to finalizing a $1.5 billion round of funding for its on-demand trucking unit from investors including Temasek Holdings Pte, surpassing its fundraising target as investors count on a Chinese economic recovery to fuel shipping.
by Bloomberg
2021-01-29
2021-01-29
Huawei to Establish Biggest-Ever Overseas Flagship Store in Riyadh
Chinese tech giant Huawei plans to set up a flagship store in Riyadh in an effort to grow the influence of its digital products and services in Saudi Arabia, as the kingdom expands access to internet services, Reuters reported on Friday, citing the country’s investment ministry.
by caixinglobal
2021-01-19
2021-01-19
【Exclusive】PayTM First Games Enters Horse Betting
PayTM First Games (PFG) will also be the official online betting and live streaming partner for Royal Western India Turf Club (RWITC) which conducts horse racing in Mumbai and Pune. Live streaming permissions were granted for the initial races of the season in Pune in Nov 2020 to PFG. The Classics at RWITC started in Jan 2021 and the whole partnership has gone live with users now given the option of watching the live stream of the races and betting on the races as well.
by Anshuman Gandhi
2021-01-18
2021-01-18
Reliance Plans To Embed Its E-commerce App JioMart In WhatsApp
Billionaire Mukesh Ambani’s Reliance Retail Ltd plans to embed its e-commerce app JioMart into WhatsApp within six months, allowing the 400 million users of India’s most popular messaging service order products without having to leave the app, two officials aware of the development said, requesting anonymity.
by LiveMint
2021-01-18
2021-01-18
Tencent Music to Buy Audiobook Platform Lazy Audio for $416 million
Tencent Music Entertainment Group (TME), a unit of internet giant Tencent, is expanding its business scope with a deal to buy Lazy Audio, a Chinese provider of audio entertainment including audiobooks, comedies, podcasts and radio shows.
by caixinglobal
2021-01-18
2021-01-18
South Korea's Hanwha Leads $300M Round in Grab's Financial Services Arm
Southeast Asian ride-hailing and food delivery giant Grab said on Thursday it has raised more than $300 million from investors led by South Korea’s Hanwha Asset Management Co. Ltd for its fast-growing financial services business.
by Reuters
2021-01-14
2021-01-14
Tesla Rival Xpeng Motors Into New Year Fueled By New Credit Line
China’s electric vehicle startups have become investor darlings in the last year, with Nio, Xpeng and Li Auto all raising billions of dollars from the sale of their American depositary shares (ADSs) to expand their business and accelerate technological developments.
by caixinglobal
2021-01-14
2021-01-14
PayPal Becomes First Foreign Company to Offer Digital Payments in China
U.S. fintech giant PayPal has completed a stake acquisition deal that makes it the first foreign company to offer digital payment services in China, as Beijing vows to open up its domestic financial market to foreign investors.
by caixinglobal
2021-01-14
2021-01-14
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