FastGo is investing $3m in the city-state as part of a wider regional expansion. Go to Source
Author: Tech In Asia Online News
Race is on for Grab, Ant Financial, WeChat to gain an edge in financial services
The three companies have been making strides in Southeast Asia’s financial services market. Go to Source
Indonesia’s Mobilkamu, an online platform for new cars, nabs series A round from East Ventures, others
It plans to use the funds to open new branches in different Indonesian cities. Go to Source
Travis Kalanick’s fund invests in Indonesian cargo startup
The startup’s run by an ex-Uber exec. Go to Source
Philippines again denies Go-Jek a ride-hailing license
Go-Jek had asked regulators to reconsider its earlier application, which was refused in January for failing to meet a domestic ownership quota. Go to Source
Are Chinese electric-car startups doomed after Tesla’s big price cuts?
Tesla’s move has sparked a fierce debate over how mature the domestic EV industry is, especially newcomers. Go to Source
In brief: SoftBank, Toyota in talks for $1b investment in Uber
The investment would provide a cash injection for the Uber’s self-driving program, which is currently not generating revenue. Go to Source
Baidu, Chery launch electric car with face-scanning payment, AR navigation features
A new smart version of Chery’s Exeed TX electric sports utility vehicle will run Baidu’s AI platform, DuerOS. Go to Source
Meituan’s losses widen due to Mobike – even as its core businesses grew
Its food-delivery and “in-store, hotel, and travel” businesses both managed to turn a profit, while Mobike’s days as a standalone brand look numbered. Go to Source
Mobike quitting Asia-Pacific markets: report
The company’s Asia-Pacific team has reportedly been laid off as it begins a retreat to its native China. Go to Source