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I wish I had more to offer

Nothing here but dreams

Author: Tech In Asia Online News

China Roundup: Didi-backed e-grocery firm trims operations, and other news

Also, a Chinese government official pulls up “non-innovative” medtech firms raking in money from VCs. Go to Source

Published September 8, 2021
Categorized as Automotive, News Site Tagged Didi, Mobility

China Roundup: Geely’s ride-hailing arm banks $600m, and other news

Also, Alipay adds support for remittances between Macau and mainland China, while Tencent calls for stricter measures against renting game accounts. Go to Source

Published September 7, 2021
Categorized as Automotive, News Site Tagged Mobility

China Roundup: Probe on ride-hailing firms, new rule for payment firms on IPOs, and more

In other news, JD Logistics has partnered with Walmart’s wholesale brand for deliveries through its unmanned vehicles. Go to Source

Published September 2, 2021
Categorized as Automotive, News Site Tagged Mobility

Indian car rental giant drives full speed into Southeast Asia

A new competitor enters Southeast Asia’s heated car-sharing space and the company that’s handing out Apple stock Go to Source

Published September 1, 2021
Categorized as Automotive, News Site Tagged Apple, Mobility

Didi to set up workers’ union after China imposes rules to curb excessive work

The ride-hailing firm’s drivers – most of whom don’t have full employee benefits – will be invited to join the union, Bloomberg reported, citing sources. Go to Source

Published September 1, 2021
Categorized as Automotive, News Site Tagged Didi, Mobility

Tesla gets green light to make or import 4 models in India

The Model 3 and Model Y are reportedly among the approved models, a Bloomberg report noted. Go to Source

Published August 31, 2021
Categorized as Automotive, News Site Tagged Electric vehicles, Tesla

Ola looks to raise $2b from its IPO early next year

Ola is eyeing a valuation of up to US$14 billion in the listing, the Economic Times reported. Go to Source

Published August 31, 2021
Categorized as Automotive, News Site Tagged M and A, Mobility

Indian car rental startup Zoomcar plans $100m bet in Southeast Asia

Southeast Asia is Zoomcar’s next stop, and it hopes the region will contribute up to 40% to its revenues from next year. Go to Source

Published August 31, 2021
Categorized as Automotive, News Site

Ola Electric seeks up to $500m fundraise from Falcon Edge, Temasek, others

The new funding round may lift Ola Electric’s valuation to as much as US$3.5 billion, TechCrunch reported, citing sources. Go to Source

Published August 30, 2021
Categorized as Automotive, News Site Tagged Mobility

Ex-Grab, Uber, Microsoft execs’ F&B startup lands $6.5m in Sequoia co-led round

Momos is working with food and beverage firms across Southeast Asia, including The Lo & Behold Group, Flash Coffee, Guzman y Gomez, and Wolf Burgers. Go to Source

Published August 26, 2021
Categorized as Automotive, News Site Tagged Mobility, Uber

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