Alibaba in talks to form logistics hub to strenghten its e-commerce biz in SEA

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Thailand’s Industry Minister Uttama Savanayana insisted that Alibaba is still interested in establishing its regional logistics hub in Thailand and it will finalise its investment plan by the end of this year.

Photo: Reuters

Truecaller enters mobile payments in India

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Truecaller, the Stockholm-based company that identifies spam calls and helps keep mobile communication safe and efficient, announced two new major features in Truecaller 8, a completely new redesign of its Android app at an event in New Delhi on Tuesday. Users will now be able to take control of their… Read more »


Indonesia: Lippo group backed Mbiz completes Series A funding

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Lippo group’s B2B/G platform raises series A from Japanese investor.


Frontier Digital Ventures to inject cash in Sri Lanka property portal

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FDV will raise its stake in LankaPropertyWeb to 48% from 37% now.


Indonesia’s Bukalapak hopes to become profitable by year end: Willix Halim, COO

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Bukalapak has not ruled out talking the IPO route to raise capital.


India: Swiggy in talks to raise $50m in fresh funds

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Swiggy is talks with Naspers Ltd & Chinese conglomerate Fosun International.


Uber reviews India leasing scheme as driver incomes drop

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Global ride-hailing firm Uber Technologies is rethinking its car leasing strategy in India, its second-biggest market, as drivers have returned dozens of leased cars early after the company cut incentives, people familiar with the matter told Reuters. Uber had planned to buy 15,000 new cars last year and lease them out… Read more »


Uber rival Grab set for new $1.5 funding round, SoftBank pledges $1b

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Grab had raised $750m in September 2016 at a valuation of more $3b.


India Digest: Flipkart eyes eBay India ops; Snapdeal to exit TV shopping JV

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While Flipkart is looking at acquiring rival eBay’s India operations as part of its $2 billion funding plan, another e-commerce major Snapdeal is planning to exit its TV shopping joint venture with DEN Networks. Flipkart looks to acquire eBay India operations Country’s largest e-commerce company Flipkart is looking to acquire eBay’s… Read more »


Samsung Pay is handset maker’s latest India bet

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It took a year to customise Samsung Pay for the Indian market.