In its first earnings announcement since the Sept. 20 listing, the Chinese operator of food-delivery, ride-hailing and bike-rental businesses reported a blowout in its net loss for the first half.
If Oyo uses the recently secured $1 billion to run a tighter ship, there’s every chance it could be the world’s largest hotel chain within five years. If quality plays second fiddle to expansion, it risks becoming a brand name that’s of little value to anyone.
In a December press release, Mobike claimed 200 million users worldwide. Meituan’s prospectus says otherwise – 48.1 million Active Bike Users, 7.1 million Active Bikes and over 1 billion rides completed in the four months ended April 30, 2018.
Sea has made $91.4 million in revenue from its e-commerce unit since the final quarter of 2016, but spent $649 million to promote it.
As investors weigh up whether to buy into China Tower’s IPO, they could build their spreadsheets and run the numbers to compare it with peers. Or they could they face the fact that this is a national service play.
The ink is barely dry on SoftBank Vision Fund’s purchase of a stake in Flipkart Online Services Pvt and already it’s preparing to exit. Masayoshi Son seemed so keen on the Indian e-commerce startup that he threw $2.5 billion at it in August.
Temasek is in talks to lead a funding round that could value the Alibaba Group-backed company at $150 billion.
Flipkart looks set to team up with Walmart Inc., garnering the startup a valuation of as much as $20 billion.
Ofo Bicycles Co. may have raised around $1 billion in its latest funding round, which included Alibaba.
For the second straight quarter, Alibaba’s digital and media entertainment, and innovation initiatives grew at a slower pace than core commerce.