Jokowi asks followers to stop campaign to uninstall Bukalapak app

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Bukalapak CEO drew the ire of Jokowi’s supporters for a Twitter post that said the government was spending too little on R&D, and suggested that a new president might do a better job of beefing up the budget.

Jokowi

China’s Didi plans Chile, Peru launches to take on US rival Uber

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The two firms are already battling in Brazil, where Didi bought local start-up 99 in January last year, and Mexico.


Go-Jek seeks bank pitches to raise additional $2b in ongoing round

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The additional capital from new investors would take the total haul from the current round to around $3 billion.


Temasek-backed Pine Labs eyes unicorn tag with new funding round

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Pine Labs is in advanced talks to close a funding round of around $75 million from existing investors including Temasek and PayPal.


Paytm parent pledges all assets with ICICI to up borrowing limit to $196m

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The higher borrowing limit helps Paytm secure capital for everyday operations amid tight liquidity conditions in the market.


China’s DiDi invests $100m in Indian hotel chain OYO’s $1b round: Report

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The investment made through DiDi-controlled entity Star Virtue Investment is part of Oyo’s recently-closed $1 billion round that valued the company at $5 billion.


Spend on driver training pushes China’s Didi losses up to $1.61b in FY18: Report

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Didi spent a total of $1.67 billion on incentives to attract qualified drivers with at least three years’ of driving experience and no criminal record.


Alibaba says China’s slowdown isn’t hurting it all that much

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Tsai said the company’s growth would continue to outpace the broader economy as digital commerce expands faster.


India: Swiggy forays into home delivery of essentials

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The new service called ‘Swiggy Stores’, which will be accessible on its mobile app.


Vietnam prosecutors say Vinasun’s claims against Grab have no legal basis

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Prosecutors in Ho Chi Minh City have appealed a verdict ordering Grab to pay compensation to domestic taxi firm Vinasun.