It plans to use the funds to open new branches in different Indonesian cities. Go to Source
Author: Tech In Asia Online News
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
In China, consumers are buying used cars online using VR
Amid the recent economic slowdown, more and more Chinese are turning to the used car market to meet their transport needs. Go to Source
In brief: Kakao carpool app gets green light amid fierce protests from taxi unions
Licensed taxi drivers had opposed Kakao Mobility and similar services, fearing their livelihoods were at risk. Go to Source