Alibaba picks stake in Chinese online parenting platform Babytree

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Babytree said it is valued at RMB 14 billion ($2.19 billion) after the strategic investment from Alibaba.

US-based in-car commerce startup Cargo partners Grab to land in SE Asia

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The partnership with Grab also marks Cargo’s first international expansion in Singapore, beyond its US home ground.


Ant Financial backs $321m round in Hellobike as another Chinese unicorn emerges

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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%.


Flipkart’s marketplace arm shrinks loss to $243m in fiscal 2017

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Overall sales of the e-tailing major grew at a slower-than-expected 15% rate to $334.1 million.


Sony partners local cab firms to launch ‘Everybody’s Taxi’ in Japan

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Sony said that its seven taxi-company partners have a combined fleet of more than 10,000 cars in the capital.


Uber said to have received $3b offer from Warren Buffett but deal fell apart

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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 set to roll out WhatsApp payment services pan-India for bigger share

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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 »


Grab launches GrabFood in Singapore, targets rest of Southeast Asia next

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GrabFood will be available in six Southeast Asian countries within this quarter, including Indonesia, Thailand, Vietnam, Malaysia, Singapore and the Philippines.


Ola to set up group company structure to boost valuation, management

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Ola chief executive Bhavish Aggarwal wants to create a similar structure to that of Flipkart


Singapore’s ComfortDelGro says $220m Uber deal is off

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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.