Didi Kuaidi

Uber bets on Bengaluru technology centre to drive product innovation

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Uber Technologies Inc. is striving to make its Bengaluru technology centre a hub of product innovation. The centre, launched in March, will have a team of 50-odd engineers to introduce new products around payments, vehicle intelligence and mapping, among others for India as well as global markets, a senior Uber… Read more »

China is bankrolling the boom in startup fundraising

State-backed funds and enterprises are championing some of the biggest private investment rounds, tapping into China’s buoyant Internet sector for better returns. That includes backing the record $4.5 billion raised by Alibaba Group Holding Ltd.’s finance affiliate on Tuesday. China’s governments are armed with about $339 billion, the biggest pot of money for startups in the world.