Singapore’s ComfortDelGro picks 51% stake in Uber’s car rental unit for $218m

By
Posted

This is ComfortDelGro’s largest deal till date.

Singapore seeks public feedback on short-term home rentals like Airbnb

By

The move comes as the city state seeks a balance between encouraging new disruptive industries and keeping them in line.


Uber’s Chinese rival Didi Chuxing to enter Mexico next year

By

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.


Singapore taxi firm ComfortDelGro loses 11% of its value waiting for deal with Uber

By

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.


Indonesian ride-hailing firm Go-Jek to expand to Philippines in 2018

By

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 »


CIMB makes digital banking push, starting with Vietnam next year

By

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 seeks to conquer new continent with Australia launch

By

Amazon’s broader retail launch in Australia marks the company’s 13th foray into a major market.


China’s Hellobike raises $350m in latest funding round backed by Ant Financial

By

The transaction marks the fourth funding round for Hellobike that merged with Youon Ditan, a Changzhou Youon Public Bicycle System-affiliate, in October.


Rocket Internet expects startups to turn profitable in 2018

By

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”.


SoftBank offers to buy Flipkart shares at up to $10b valuation

By

The price range values Flipkart slightly lower than the pre-money valuation it clinched in two funding rounds.