Didi pockets $4b to boost AI and Sets its Sights on the Chinese Tourist

Didi Chuxing, China’s largest ride-hailing platform, is beginning its expansion abroad and into new sectors. Didi has already pushed out foreign competition from Uber in China and now seeks to leverage its dominance in the domestic ride-hailing market to open up opportunities in Taiwan and the fast-growing mobile payments market. The key overlap between these … More Didi pockets $4b to boost AI
and Sets its Sights on the Chinese Tourist

What SoftBank’s $10b investment in Uber means for its battle with Ola in India

Scandal-ridden Uber has confirmed a deal to sell a chunk of its stakes to SoftBank. The Japanese giant could invest US$10 billion over the next month to acquire 14 percent or more of Uber’s shares, both in fresh and existing stock. The investment in Uber comes on top of the billions SoftBank has poured into … More What SoftBank’s $10b investment in Uber means for its battle with Ola in India

Grab launches hawker center cashless payments as part of big play beyond transport

Ride-hailing firm Grab officially launched its in-store cashless payments solution today, marking its biggest move yet outside of the transportation segment. Grab said it’s aiming to make its GrabPay cashless payments platform available to 20,000 cash-based merchants operating in Singapore. Read More

Ola gives its auto-rickshaws free wifi while Uber struggles to kickstart Indian tuk-tuks

There’s something romantic about an auto-rickshaw ride on Indian roads. It is not just the countless regional movies where heroes playing intrepid auto-rickshaw drivers sing, dance, and take down gangsters or rescue beautiful maidens. The ubiquitous three-wheeled tuk-tuks of India have the agility of a two-wheeler to maneuver the chaotic Indian roads. That’s why it’s … More Ola gives its auto-rickshaws free wifi while Uber struggles to kickstart Indian tuk-tuks