By Mars Woo
Babytree said it is valued at RMB 14 billion ($2.19 billion) after the strategic investment from Alibaba.
The partnership with Grab also marks Cargo’s first international expansion in Singapore, beyond its US home ground.
Ant Financial has emerged as the largest shareholder in Hellobike-owner Youon Low Carbon Technology with a 36% stake. Meanwhile, Youon Bike’s stake in the subsidiary has been reduced from 10.29% to 8.86%.
Overall sales of the e-tailing major grew at a slower-than-expected 15% rate to $334.1 million.
Sony said that its seven taxi-company partners have a combined fleet of more than 10,000 cars in the capital.
During negotiations, Uber CEO Dara Khosrowshahi reportedly proposed decreasing the size of the deal to $2 billion, hoping to get Buffett’s backing while giving him a potentially smaller share of the company. The deal fell apart after the two sides couldn’t agree on terms.
Facebook Inc. is set to offer its WhatsApp payment services to the whole of India as early as next week in an attempt to win market share, even though its partners aren’t all ready, said people familiar with the matter. The messaging app will partner HDFC Bank Ltd., ICICI Bank… Read more »
GrabFood will be available in six Southeast Asian countries within this quarter, including Indonesia, Thailand, Vietnam, Malaysia, Singapore and the Philippines.
Ola chief executive Bhavish Aggarwal wants to create a similar structure to that of Flipkart
ComfortDelGro, Singapore’s largest taxi operator, and ride-hailing giant Uber have mutually agreed to dissolve a deal that involved the former buying 51 per cent of the latter’s car rental unit in Singapore.