India: InMobi buys mobile ad firm AerServ for $90m


The acquisition also expands InMobi’s presence in the US, the world’s biggest market for advertising.

Asian bike share firm Gobee quits Brussels, French cities but to stay on in Paris

By said it would continue operating its bright-green bikes in Paris – where it leads China’s Ofo and Singapore’s oBike

India: Paytm launches investment arm, to inject $10m in new entity


Paytm Money is the fourth product from One97’s stable after Paytm Mall, Paytm Payments Bank and Paytm wallet.

China’s Kunlun completes acquisition of US gay dating app Grindr


Kunlun, which acquired a 61.53% stake in Grindr in January 2016, has acquired the remaining 37.4% stake for $152 million

China: Didi Chuxing to launch own bike-sharing platform and brand


Didi said it had reached a cooperation agreement with Chinese bike-sharing firm Bluegogo, which will be hosted on its platform.

India: Flipkart, payments arm PhonePe chart separate routes for fintech


The different approaches by Flipkart and its fully-owned, UPI-based payments arm PhonePe, highlights a broader strategy on Flipkart’s part to create large, independent, revenue-generating businesses inside the group.

E-commerce partnership with to spur sales growth, China expansion for Thailand’s Central


Central Group, which controls Thailand’s biggest operator of shopping malls and department stores, expects online sales to account for as much as 15 percent of its revenue in five years, from 2 percent now.

Uber’s Kalanick mulls sale of 29% of his stake in ride-hailing giant


One of the wealthiest people in the world on paper, Kalanick would become an actual billionaire for the first time as a result of the sale.

Mobike, Meituan-Dianping set to intensify competition in China’s ride-hailing market


Reigning ride-hailing giant Didi, which successfully pushed Uber out of China in 2016 by acquiring its operations in return for a minority stake, is unfazed by the new challengers.

Didi buys Brazil’s ride-hailing app 99, to take on Uber in Latin America


Didi led a $100 million investment in 99 Taxis a year ago. “Globalization is a top strategic priority for DiDi,” Cheng Wei, Didi CEO, said in a statement.