Uber wins ruling in bid to keep price-fix suit out of court

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The appeals court in Manhattan on Thursday reversed a 2016 decision by U.S. District Judge Jed Rakoff.

Exclusive: Indonesia’s recommerce major Laku6 in talks to raise $3m Series A

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The used phone commerce site had last raised over $1.8 million in seed funding in 2015.


Indonesia: Alibaba leads $1.1b round in e-commerce major Tokopedia

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Funding is one of Alibaba’s largest investments after its infusion of over $2b in total in Lazada.


India: Foxconn unit writes down 80% of its investment in Snapdeal

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Foxconn has reported an impairment loss of $160 million.


Uber settles US allegations over data privacy, to conduct audit every two years

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The settlement requires Uber to conduct an audit every two years for the next 20 to make certain it meets the FTC requirements.


Uber lines up four investors for deal worth up to $12b amid boardroom battles

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SoftBank, Didi Chuxing, Dragoneer and General Atlantic would invest in the latest round.


Philippines regulator denies Uber’s appeal on one-month suspension

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Uber had appealed the order on Tuesday, and restarted its operations after briefly suspending it.


Uber investor Benchmark says gave Kalanick a month before filing lawsuit

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The lawsuit, filed on Thursday, accused Kalanick of concealing a range of misdeeds from the board.


Philippines: Uber operations suspended for one month

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In July, the transport regulator had said that Uber and rival Grab allow drivers without permits to operate.


China: JD.com spins off finance, logistics unit in rejig, Q2 loss widens

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JD Finance is now a fully Chinese-owned entity, giving it greater regulatory freedom.