By Adam Jourdan
China is expected to become the world’s second largest wine market behind the US in the next five years, with consumption set to rise over a third to hit $23 billion.
In August, Uber said it would create a standalone business out of its long-haul trucking business.
The PCC’s decision comes less than a month after Singapore’s anti-trust commission fined Grab and Uber a combined $9.5 million.
Headquartered in Sao Paulo, e-commerce startup Loggi flags delivery requests to nearby couriers, from motoboys (or motorcycle messengers) to vans. The widely used app calculates the fee and route.
It will begin by offering its services in Shanghai, Nanjing, and Chengdu & plans to expand to over 80 cities around the country.
Bukalapak, which started eight years ago by selling items including bicycles and some used items on its online platform, seeks to explore a possible listing in its home market after becoming profitable.
The deal could be valued around $400-500 million.
Mobikwik plans to invest $15 million in the next one year to scale up its wealth management business
In less than a year, its valuation surged from $850 million to $5 billion, driven partly by investor expectations that Oyo would crack the massive Chinese market.
Japan Fair Trade Commission (JFTC) opened the probe because Airbnb had forced certain clients not to list properties on a rival website, a move that would undermine competition