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KrASIA Daily: Alibaba Buys China's Largest Food Delivery App Ele.me

Alibaba Group Holding Limited is a Chinese multinational conglomerate specializing in e-commerce, retail, Internet and technology. 

Alibaba

An on-demand service platform connects waiting-time-sensitive customers with independent service providers.

On-Demand Services

Plus, Go-Jek and Grab are asked to register in Indonesia as transport companies. SoftBank is investing $400 million in Paytm.

KrASIA Daily: Alibaba Buys China's Largest Food Delivery App Ele.me | KrASIA

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KrASIA Daily: Alibaba Buys China&#8217;s Largest Food Delivery App Ele.me

Spotlighting Asia&#039;s next wave of innovations.

KrASIA

I'm Xiaochun with KrASIA [kri’eɪʃə], a newborn digital media with a dedication to help Asia uncover its innovations and to create.

https://secure.gravatar.com/avatar/760c9db0d4ccfee316355af963bfcbc0?s=96&d=mm&r=g

Xiaochun Zhao

Rumor: Uber Proposes to Merge with India’s Ola and to Lead the New Company

SoftBank is the largest shareholder in both Uber and Ola.

Rumor: Uber Proposes to Merge with India’s Ola and to Lead the New Company | KrASIA

Didi Chuxing Technology Co., formerly Didi Kuaidi, is a Chinese transportation network company, artificial intelligence and autonomous technology conglomerate.

Didi

Plus, Singapore to investigate the Uber-Grab deal. Tesla's semiautonomous system was engaged in the fatal crash of its Model X.

KrASIA Daily: Didi Chuxing Launches Food-delivery Pilot in Wuxi to Contend against Meituan-Dianping | KrASIA

KrASIA Daily: Didi Chuxing Launches Food-delivery Pilot in Wuxi to Contend against Meituan-Dianping

Tencent-backed short video streaming app Kuaishou fully acquired AcFun amid increasing competition with Toutiao's Douyin

ByteDance or Beijing ByteDance Technology Co Ltd. is a Chinese Internet technology company operating several machine learning-enabled content platforms, headquartered in Beijing. It was founded by Zhang Yiming in 2012. ByteDance's core product, Toutiao, is a popular content platform in China.

Bytedance

Entertainment is a form of activity that holds the attention and interest of an audience or gives pleasure and delight. 

Entertainment

AcFun’s rival Bilibili priced its IPO at $11.50 per share to raise in total $483 million through a Nasdaq-listing.

Toutiao Comes to Rescue as Anime-streaming Site AcFun Fails to Secure Alibaba Investment | KrASIA

Toutiao Comes to Rescue as Anime-streaming Site AcFun Fails to Secure Alibaba Investment

Plus, Grab faces competition from three startups in the Philippines. Alibaba’s mapping unit kicked off carpooling service.

KrASIA Daily: Uber Reached Settlement with Family of Self-driving Victim, Avoiding Potential Legal Battle | KrASIA

KrASIA Daily: Uber Reached Settlement with Family of Self-driving Victim, Avoiding Potential Legal Battle

SoftBank Group Corp. is a holding company that engages in the management of its group companies which provides information technology and telecommunication services. It operates through the following segments: Mobile Communications, Sprint, Fixed-line Telecommunications, Internet, and Others. 

Softbank

Transport or transportation is the movement of humans, animals, and goods from one location to another. 

Transportation

At the end of the day, SoftBank is the winner in ride-hailing.

Is SoftBank Really Orchestrating A Merger between Uber and Didi Chuxing? | KrASIA

Is SoftBank Really Orchestrating A Merger between Uber and Didi Chuxing?

Gojek is a transportation network company and logistics startup company based in Jakarta, Indonesia.

Gojek

Plus, Baidu's video streaming unit iQiyi prices IPO at $18 per share. Vision Fund plans to invest in another 30 companies over the next two years.

KrASIA Daily: Go-Jek to Announce First Expansion in SE Asia | KrASIA

KrASIA Daily: Go-Jek to Announce First Expansion in SE Asia

Xiaomi in patent dispute again ahead of HK IPO

Plus, motorcycle taxi drivers were on strike in Jakarta. Uber is reportedly planning to halt all driverless car testing in California.

KrASIA Daily: Xiaomi to Invest in 100 Indian Startups to Replicate its Ecosystem in China | KrASIA

KrASIA Daily: Xiaomi to Invest in 100 Indian Startups to Replicate its Ecosystem in China

Meituan-Dianping is a Chinese group buying website for locally found food delivery services, consumer products and retail services. The company is headquartered in Beijing and was founded in 2010 by Wang Xing. The Meituan.com site offers deals of the day by selling vouchers on local services and entertainment.

Meituan

The company is reportedly seeking a $60 valuation and a duo-listing in Hong Kong and China.