Xiaochun Zhao

China’s ride-hailing companies are likely to ignite another price war

Plus, Amazon plans to open as many as six more cashier-less stores this year. Toutiao has reportedly acquired augmented reality-based selfie app Faceu for USD300 million.

Faceu is China’s #3 beauty camera app by market penetration rate.

Plus, Bukalapak is exploring pros and cons in IPO and fundraising. Xiaomi has opened its first authorized store in the Philippines. 

Plus, Didi Tests Driverless Cars on Public Roads. Instacart raised funding to defend against Amazon.

If the deal goes through, Alibaba, Tencent and Toutiao will be respectively backing the top 3 news aggregators in India, UC News, NewsDog and Daily Hunt.

As a latecomer to self-driving technologies, Didi has a different edge in the market: its huge data bank.

Plus, ComfortDelGro is expanding its footprint in the United Kingdom through the acquisition of a bus and coach operator in South Wales. Uber agreed to give Waymo about $245 million to cut short a tra