China’s Uber-Like Trucking Unicorns Merge As Sharing Economy Consolidates

After years of explosive growth, China’s vast sharing economy is entering consolidation mode. The latest merger news comes from Chinese Uber-like truck logistics leaders Yumanman and Huochebang, both valued at US$1 billion on China Money Network’s China Unicorn Ranking. The deal may herald more mega-mergers in the sharing space due to intense competition and overlapping business… Continue reading China’s Uber-Like Trucking Unicorns Merge As Sharing Economy Consolidates

Mercedes-Benz calls more than a million cars back

Tuesday, 17/10/2017 09:47 clock Because of defective cables on the steering column, Mercedes-Benz wants to recall more than one million cars worldwide to the workshops. Among them are 400,000 vehicles of various series in the UK and several hundred thousand in Germany, said a Mercedes spokesman. Affected are Class A, B, C and E cars… Continue reading Mercedes-Benz calls more than a million cars
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