By Shiwen Yap
This is ComfortDelGro’s largest deal till date.
The move comes as the city state seeks a balance between encouraging new disruptive industries and keeping them in line.
Didi has spoken before of global ambitions, but has not formally announced where or when it would expand. The Chinese company is the second-most highly valued, venture-backed private firm in the world, after Uber Technologies Inc.
More than three months after the operator of Singapore’s largest taxi fleet said it is in talks with Uber Technologies Inc. for a potential alliance, nothing has been announced.
Indonesia motorbike-hailing startup Go-Jek plans to set up operations in the Philippines in early 2018, with other Southeast Asian countries to follow later that year, the company’s chief technology officer said on Thursday. Go-Jek, backed by private equity firms KKR & Co LP and Warburg Pincus LLC, competes with Uber… Read more »
The Kuala Lumpur-based lender will launch its first fully digital bank in Vietnam in January, followed by the Philippines, where it has received a license
Amazon’s broader retail launch in Australia marks the company’s 13th foray into a major market.
The transaction marks the fourth funding round for Hellobike that merged with Youon Ditan, a Changzhou Youon Public Bicycle System-affiliate, in October.
Rocket had aimed to have three of its startups profitable by 2017-end, but finance chief Peter Kimpel said that may slip “by a couple of quarters”.
The price range values Flipkart slightly lower than the pre-money valuation it clinched in two funding rounds.