Exclusive: Salim Group, MAP latest to eye digital payments in Indonesia

By
Posted

The two firms have applied to Bank Indonesia for an e-money licence.

India: Flush with funds, Flipkart boosts investments in logistics arm eKart

By

Flipkart raised nearly $3 billion in 2017 from Japan’s SoftBank Group Corp., China’s Tencent Holdings Ltd, eBay Inc. and Microsoft Corp.


Chinese ride-hailing giant Didi reportedly acquires bike-sharing firm Bluegogo

By

The acquisition is seen as a shortcut for Didi to jumpstart its own bike sharing business.


UK’s food tech unicorn Deliveroo plans to enter India, looks to set up local team

By

Fidelity and T Rowe Price-backed Deliveroo is in the process of hiring a country head along with setting up a full-fledged team.


South Korean ride-sharing startup SoCar to launch services in Malaysia

By

Malaysia will be the first overseas market for the South Korean startup.


Flipkart to look beyond gross sales numbers: Kalyan Krishnamurthy

By

The online retailer looks to invest heavily in technology and new categories such as groceries as part of a broader strategy to maintain its market-share edge over rival Amazon India.


China: Ctrip-backed travel service firms Tongcheng, eLong to merge

By

Ctrip and WeChat owner Tencent will become major shareholders of the new entity after the merger. 


Uber investors agree to sell stock in $9b SoftBank-led deal

By

The investor group which also includes Dragoneer Investment, TPG, Tencent Holdings and Sequoia Capital will own 17.5 percent of the startup.


Uber working on deal to sell US car-leasing business to Fair

By

The net book value of Xchange Leasing’s more than 30,000 vehicles was roughly $400 million.


Yandex buys local food delivery firm to expand UberEats in Russia

By

Russia’s food-delivery market is estimated to be worth $1.3 billion.