By Tim Culpan
Temasek is in talks to lead a funding round that could value the Alibaba Group-backed company at $150 billion.
Amazon’s talks with Flipkart suggest it wants to avoid a long-drawn battle with Walmart.
Amap.com, an Alibaba portfolio company, has announced that it would introduce “hitchhiking“ service, allowing commuters to find a ride pretty much the same way as they have been using ride-hailing apps such as Didi.
Tencent just wants to expand its WeChat messaging platform while Alibaba is on a mission to grow its own ecosystem.
In India, once again, SoftBank is the largest investor in Uber’s main rival, Ola.
Putting Lucy Peng in charge shows the emphasis, determination, and probably urgency, in making Lazada work for the Chinese firm.
Previously reluctant to relinquish control, Asian company owners are increasingly seeing the benefit of bringing in an outsider.
The maximum stake allowed to any single entity in a Vietnamese bank is only 15 percent; total foreign equity is capped at 30 percent.
SoftBank is looking to IPO its domestic telecom unit and is offering to pay bondholders who agree to a covenant change that would make it easier to list it.
For large Chinese firms, a CDR would mean bowing to the demands of CSRC, a regulator known to change the rules, and open and close the IPO market at will.