Alibaba to pick $290m stake in wine importer 1919.cn

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China is expected to become the world’s second largest wine market behind the US in the next five years, with consumption set to rise over a third to hit $23 billion.

Uber to launch trailer leasing business as it seeks new growth avenues

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In August, Uber said it would create a standalone business out of its long-haul trucking business.


PH antitrust watchdog slaps Grab, Uber with $300K fine

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The PCC’s decision comes less than a month after Singapore’s anti-trust commission fined Grab and Uber a combined $9.5 million.


SoftBank Vision Fund invests $100m in e-commerce startup in Brazil

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Headquartered in Sao Paulo, e-commerce startup Loggi flags delivery requests to nearby couriers, from motoboys (or motorcycle messengers) to vans. The widely used app calculates the fee and route.


Alibaba-backed HelloChuxing jumps into ride-hailing fray in China

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It will begin by offering its services in Shanghai, Nanjing, and Chengdu & plans to expand to over 80 cities around the country.


Indonesia’s Bukalapak eyes breakeven in 3 years, riding on new products & small town coverage

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Bukalapak, which started eight years ago by selling items including bicycles and some used items on its online platform, seeks to explore a possible listing in its home market after becoming profitable.


Paytm eyes Alibaba-owned browser UCWeb’s India operations – Report

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The deal could be valued around $400-500 million.


India: Fintech firm MobiKwik forays into wealth management, acquires Clearfunds

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Mobikwik plans to invest $15 million in the next one year to scale up its wealth management business


SoftBank-backed Oyo’s much-anticipated Chinese expansion runs into a wall

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In less than a year, its valuation surged from $850 million to $5 billion, driven partly by investor expectations that Oyo would crack the massive Chinese market.


Airbnb gets respite as Japan’s antitrust watchdog ends inspection of home-sharing platform

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Japan Fair Trade Commission (JFTC) opened the probe because Airbnb had forced certain clients not to list properties on a rival website, a move that would undermine competition