Didi

Didi’s strategy for globalization is backed by its $12 billion cash reserves.

Plus, South Korean ride-sharing startup SoCar, is set to launch its service in Malaysia. Spotify reported having filed IPO documents with the SEC.

DiDi is expected to develop a bike-sharing brand of its own.

Plus, Regional VC firm Gobi Partners expands ASEAN team with two new VPs. Uber is studying a subscription model for UberEats, its food delivery service.

News and features for your Christmas leisure time.

Plus, Global Logistic Properties (GLP), claimed that it had established two new European funds. Y Combinator invests in SendBird, a company that provides chat API.

The ride-hailing company raises its cash reserves up to $12 billion.

A new platform must excel in at least one of the three aspects to differentiate itself from existing players and gain a completive edge.