Starbucks ‘unlikely’ to be overtaken in China by Luckin in 2019, says CEO Johnson

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Many Luckin units are much smaller “points of presence” and not comparable to full-service Starbucks cafes, CEO Johnson said.

Indonesian carrier Garuda in talks with Go-Jek to provide logistics support

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The partnership will make it easier for Go-Jek to move goods to customers within the 17,000 islands of the archipelago.


Amazon amends India business structure to bring back sellers

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Amazon was forced to remove hundreds of thousands of items sold by top vendors Cloudtail and Appario as it indirectly held 49 percent equity stakes in both firms.


Japan’s one-time tech unicorn Mercari warns of more losses

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Mercari gave no specific forecast, but said heavy spending on its overseas expansion could mean bigger losses ahead.


Sumitomo’s Indonesia arm said to invest in fintech startup Cashlez

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Mandiri Capital Indonesia, the VC arm of Bank Mandiri, led a $2-million round into Cashlez last year.


Indian hotel chain Oyo continues global expansion spree, opens US office

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Oyo has reportedly opened an office in Dallas, and has started to renovate motels and no-frills hotels around Texas.


India: Zomato snags $39m funding from US investor Grade Book Capital

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The fresh funding is a part of the Series I round, where Zomato raised $210 million from existing investor Ant Financial in October last year.


India: Ride-hailing major Ola raises $16m from new foreign investors; hires COO

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This latest filing follows news reports of Flipkart co-founder Sachin Bansal having invested $21 million in the company.


SoftBank-backed OYO sees three-fold revenue jump even as losses widen

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Indian hotel start-up OYO expects revenue to grow as it expands locally and in international markets.


Amazon’s grocery service slowly resumes in India after disruption

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New federal rules, which bar companies from selling products via vendors in which they have an equity interest, forced Amazon India to remove hundreds of thousands of products from its site.