By Jane Merriman
Careem is looking at investment options and fundraising, including a potential Middle East M&A deal with Uber Technologies.
Investors in Sendy, which says it has modelled itself on other logistics platforms such as Indonesia’s Go-jek, include local telecoms operator Safaricom, Toyota East Africa and Dutch investor DOB Equity.
China has imposed regulations on approval of new games in March as part of a regulatory overhaul and to tackle addiction among youth.
By 2022, the country’s e-commerce market will grow to $65 billion from last year’s $8 billion, according to McKinsey. And the post office will do much of the heavy lifting, shipping 4.4 million online-shopping parcels each day, six times what it does today.
The region’s internet economy has reached $72 billion in GMV in 2018 across the four categories of online travel, e-commerce, online media and ride hailing.
Mitra Tokopedia is aimed at owners of small shops and kiosks, who will bridge the gap between the online retail space to offline customers.
Go-Jek had in October launched a portal for drivers to pre-register in Singapore.
While Myntra has been growing fast, Jabong has struggled to expand sales this year.
It’s a troubling sign for a serially unprofitable business that hopes to get valued like a technology company in a planned initial public offering next year.
Grab’s new offering will allow both banked and unbanked senders to remit money instantly and securely to recipients in another country using their GrabPay wallets.