Didi Chuxing

Asia VC investment clocks high of $15.6B

Region's venture capital investment sees six-quarter high in fourth quarter 2017, fuelled by two US$4 billion mega deals to China's Didi-Chuxing and …

Venture Capital

Partnerships in Southeast Asia could help Uber ease cash splurge, build toward IPO

Uber's next ride-share could be in Southeast Asia. After struggling in China and Russia, the app operator swapped its businesses there for a stake in …

News (China)

Inside Alibaba and Didi’s Tussle Over a Multibillion Dollar Startup

Last fall, Didi Chuxing tried to get bike-sharing company Ofo to merge with main competitor Mobike. The attempt, led by Didi and other Ofo investors, …

Business

Google is investing in Indonesia-based Uber rival Go-Jek

Google and China’s Meituan-Dianping are among the tech giants set to invest in Go-Jek, the Indonesia-based rival to Grab and Uber, a source with knowledge of discussions told TechCrunch.<p>We understand a deal could be completed as soon as next week, though whether Go-Jek announces it is unclear since …

Technology

DiDi launches bike-sharing service platform - Xinhua

BEIJING, Jan. 17 (Xinhua) -- Chinese ride-sharing giant DiDi Chuxing launched a bike-sharing platform within its mobile app Wednesday.<p>Riders in …

News (China)

Why Uber Needs to Take the High Road to an IPO

Back in 2015, explaining why Uber Technologies Inc. was years away from a public offering, co-founder Travis Kalanick likened the company to an …

Uber

Tencent-Backed Video Site Seeks $17 Billion Valuation

Tencent-backed Chinese startup Kuaishou is seeking to raise funds at about a $17 billion valuation, people familiar with the matter said, as it …

China

Review: Park Hyatt Beijing - Live and Let's Fly

The Park Hyatt Beijing is showing some signs of wear, but remains an excellent choice for a luxury hotel in the heart of China’s capital city.<p>After …

Hotels

On China tourism, Ctrip latest and moves from other players

For the past two weeks, ChinaTravelNews has been focusing on how Chinese tourists affect the travel sector, a series of Ctrip’s moves, and news of …

Hospitality

Dubai's Careem announces launch of operations in Iraq

Ride-hailing service Careem has launched its services the Iraqi capital of Baghdad.<p>Through flexible payment options – including cash, credit card, or …

Uber

Softbank plans $18bn share sale of its mobile business

<b>Japanese giant Softbank is planning to list its mobile phone business in Tokyo and overseas, according to the Nikkei newspaper.</b><p>The listing on the Tokyo Stock Exchange and possibly in London aims to raise 2 trillion yen ($18bn; £13.1bn).<p>Softbank confirmed in a statement that the share sale is an …

Technology

US bill could further hamper Huawei, ZTE, ofo rumored to seek new round from Alibaba, Alibaba on USTR blacklist again

Monday, 15 January 2018<p><b>What happened:</b> Texas-based Republican Michael Conway has introduced a new bill to Congress that proposes a ban on branches of …

News (China)

Capital Group Eyes Pre-IPO Stake in China Biotech Unicorn

Capital Group Cos., the U.S. asset manager that’s been backing startups in emerging markets, is in talks to invest in Chinese biopharmaceutical firm …

Business

SoftBank to IPO part of its mobile business: Report

The Japanese corporate giant is reportedly set to part with a third of its mobile business.<p>SoftBank Group will list approximately one third of its …

Robots

Why 2018 Will Be A Renaissance Year For Asia Tech IPOs, Undercutting New York

Hong Kong ended 2017 placing third in the global IPO race. That’s the first time in three years that the city lost its coveted fundraising top spot to New York — and the first time ever to fall behind Shanghai. But early forecasts suggest it may reclaim its crown in 2018 amid tighter scrutiny in …

China

SoftBank's Vision Fund Invests $560 Million in Auto1 Car Portal

SoftBank Group Corp.’s Vision Fund will invest 460 million euros ($560 million) in Auto1 Group GmbH, valuing the used-car sales portal at about 2.9 …

Masayoshi Son

CES 2018: 5 Developments You Need to Know About

CES always promises exciting new ideas, and this year’s event was no different.<p>Tech enthusiasts flocked to Las Vegas and CES 2018 this week to get a …

Investing

China tech at CES, drama transportation startups, and legal forces in entrepreneurship: TechNode Weekly Briefing 12 Jan 2017

The Weekly Briefing​<p><b>China tech at CES, drama transportation startups, and legal forces in entrepreneurship</b><p>Despite the rainstorm and blackout, the …

News (China)

Toyota insists its e-Palette is more than a concept car

There's one thing that keeps Toyota CEO Akio Toyoda up at night. It's not a traditional car company like Honda, Ford or Nissan. Or what he's going to have for breakfast the next day. It's technology juggernauts like Facebook, Google and Apple and what might happen when they decide to enter the …

Transportation

Tech advances to energize corporate travel industry

Technological advancements and rising labor costs will help China's booming corporate travel industry to become more intelligent, diversified and …

News (China)

Grapeshot China diaries: What does this button do? Tackling tech as a business in China

Contending with a world of new technology can be challenging for companies coming into China – as Grapeshot has learned first-hand.<p>As COO of a global …

Innovation

Didi Chuxing muscles in on dockless bike-share sector

It's bigger then Uber and now Didi Chuxing has become a key supplier of dockless bikes.<p>0<p>SHARES<p>China's bigger equivalent to Uber is making a move on …

Cycling

This Vegetable-Selling Startup’s Just Been Valued at $2.8 Billion

Meicai, a China startup that helps farmers sell vegetables to restaurants, has raised $450 million in a funding round led by Tiger Global Management …

Business

CES 2018: China’s internet giants are making bets on the future of driving

At the annual Consumer Electronics Show in Las Vegas, where tech companies from all over the world gathered this week to show off, traces of the automotive ambitions of some of China’s biggest tech companies were on display too.<p>China’s three most important internet companies, Baidu, Tencent, and …

China

Grab, Uber’s rival in Southeast Asia, pulls in strategic investment from Hyundai

Grab, Uber’s closest rival in Southeast Asia, continues to slowly release information about its newest funding round after it revealed it has netted a strategic investment from Hyundai.<p>To recap, the Singapore-based firm raised a massive $2 billion led by SoftBank and China’s Didi Chuxing last July …

Uber

Term Sheet -- Thursday, January 11

NEWS OF THE DAY<p>Good morning, Term Sheet readers.<p>It’s a news-y morning. Here are the highlights to start your day:<p><b>NEW INVESTMENT:</b> Hyundai has invested …

Venture Capital

Asia close to eclipsing US as world’s biggest VC market

Asia is closing in on the US as the biggest home for venture capital, with total funding of $70.8bn last year to America’s $71.9bn, according to the …

Venture Capital

Uber's Southeast Asian Rival, Grab, Scores Hyundai Investment

Hyundai joins Toyota in investing in the ride-sharing company.<p>Raymond Boyd, Michael Ochs Archives, via Getty Images<p>Stephen EdelsteinView Stephen …

Uber

Uber rival Taxify launches in Lisbon as London licence wait continues

A European startup hoping to take on Uber and which last year found its launch in London stalled by regulators, has pulled up in a new European …

Uber

Hyundai invests in Southeast Asia Uber rival Grab

South Korean carmaker Hyundai Motor Company is the latest to jump into the ride-hailing market through an investment and strategic agreement with …

South-east Asia