By Anirban Sen
This is Flipkart’s second acquisition in as many months, after the Walmart-controlled firm acquired Indian AI startup Liv.ai in August.
With another 2,020 experts joining by 2020, Oyo will continue to invest in technologies like artificial intelligence, machine learning, and IoT.
The Competition and Consumer Commission of Singapore ruled that Grab’s takeover of Uber’s Southeast Asia operations had substantially decreased competition in the ride-hailing market.
Besides Naspers, Ola is also in talks with Singapore’s Temasek Holdings Ltd and two other funds to raise $1 billion in fresh capital
The row has erupted amid heightened debate about user privacy and how technology firms treat data in India and abroad.
The wave of predominantly Chinese fintech lenders, who often do not register and employ aggressive debt collection practices, is now alarming regulators.
The U.S. tech company would effectively own a stake in More’s supermarkets and hypermarkets, intensifying competition with rival Walmart, which acquired Indian online marketplace Flipkart this year.
According to the country’s Finance Minister Sri Mulyani Indrawati, the discussion with Amazon has been about the terms related to its planned investment, including matters of tax and regulations.
Bukalapak, which counts Singapore’s GIC and China’s Ant Financial among its investors, trails only Alibaba-backed PT Tokopedia, according to iPrice Group.
Opening its e-commerce arm Shopee to external investment has been something the company has been thinking about, chief strategy officer Alan Hellawell said, while acknowledging that the group felt that the business has been undervalued by the market.