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The investment in JD.com is a significant commitment from Google. The US tech giant has made fewer than a dozen investments with a ticket size of over $100 million (counting all MagicLeap rounds as one).
For PE investors who began betting big on the ride-hailing firm in second half of 2015, the paper returns are yet to be ‘huge’.
From initial plans to launch in May 2018, the JV has delayed its full launch to August 2018. Is this a sign that this ambitious partnership is off to a rocky start?
iflix, which recently closed its digital division in Singapore, has been keeping mum since it raised $133 million about eight months ago.
Amap.com, an Alibaba portfolio company, has announced that it would introduce “hitchhiking“ service, allowing commuters to find a ride pretty much the same way as they have been using ride-hailing apps such as Didi.
Putting Lucy Peng in charge shows the emphasis, determination, and probably urgency, in making Lazada work for the Chinese firm.
Ofo is being challenged to retain Alibaba’s interest and backing as the tech giant appears to now favour China’s third-largest bike company, Hello-Bike.