JD.com iss raising up to US$ 2.5bn for its logistic arm JD Logistics from a group of investors including Hillhouse Capital, Sequoia China, and Tencent among others.
Plus, the Indonesian government announced that it is currently developing an integrated dashboard to monitor ride-hailing services. Walmart teamed up with Rakuten to launch an online grocery delivery
Plus, Tencent-backed video site Kuaishou seeks US$17 billion valuation. YouTube will impose stricter criteria for the types of videos that can earn money on the site.