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Airbnb Inc’s founders were moments away from merging their China business with local competitor Tujia in January 2017. Executives and investors spent hours hashing out a deal. Preliminary term sheets were drawn up. Then in the final hour of negotiations, Airbnb pulled out.
Ele.me, one of China’s leading online food delivery platforms, has been given the green light by authorities to operate in the country’s initial delivery routes for drones.
China's biggest ride-sharing company apologised on May 10 over the killing of a passenger, apparently by her driver, and said it had to win back the trust of users after the "tragedy".
HONG KONG: Ping An Healthcare and Technology Co Ltd shares opened up 4.6 percent on their market debut in Hong Kong on Friday, as investors jostled for a piece of the fast-growing business.
HONG KONG: Meituan Dianping, the Internet giant backed by China’s most valuable tech corporation, has begun investigating reports of a data breach that exposed the private information of tens of thousands of users.
At least a dozen firms, many tied to the country’s internet-consumer economy, have been in talks about IPOs
BEIJING: Google’s former Chinese chief just raised US$500mil to invest in the country’s artificial intelligence (AI) startups. But first, he needs their valuations to come back down to earth.
Chinese ride-hailing firm Didi Chuxing began offering its service in the Mexican city of Toluca, the company said, setting up a potentially costly battle with rival Uber Technologies Inc in a key Latin American market.