India: Paytm seeks $500 million for new business

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Paytm in talks to raise $500 million to build New Retail, which will be its attempt to create a business along lines of China’s Koubei & Meituan.

Paytm founder Vijay Shekhar Sharma

Amazon’s international losses narrow even as it continues to be bullish on India

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Amazon’s latest numbers for its international business halts a run of rapidly increasing losses, due to its frenetic pace of investments in geographies like India


China’s Toutiao launches Helo app in India, to rival homegrown ShareChat, Clip

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The launch of Helo marks a significant departure from the way most Chinese internet giants have operated in India so far.


SoftBank to partner Paytm for launching digital payments service in Japan 

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SoftBank said the service will be launched in autumn through a joint venture with Yahoo Japan Corp.


Grab alleges ‘double standard’ in measures proposed by Singapore’s competition commission

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Grab in a written response said the commission allowed other players and new entrants to maintain or enter into exclusivity arrangements with drivers, private hire rental fleet and taxi operators without restrictions.


Japan’s tiny sharing economy still in its infancy

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Some of the country’s business leaders have criticised Japan’s slow adoption of innovative technology and warned the country was lagging overseas rivals in areas such as artificial intelligence.


Inside social media giant Tencent’s plan to dominate a $13b esports arena

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Esports is taking off globally but nowhere more so than in China: a nation of over 400 million gamers fueling viewership comparable to U.S. pro sports.


Tokio Marine, Intact lead $90m round for Metromile in bet on people driving less

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Metromile, which offers pay-by-the-mile auto insurance targeted at infrequent drivers, currently operates in California, New Jersey and six other states, with aspirations to go nationwide.


Alibaba-owned food delivery firm Ele.me to spend $440m to fight competition

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Alibaba is beefing up Ele.me’s war chest at a time when top competitor, Meituan Dianping, is preparing for a $4-billion HK listing.


Exclusive: Grab picks up stake in grocery delivery partner HappyFresh

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Grab announced its foray into grocery delivery earlier this month in partnership with HappyFresh.