Alibaba plans its biggest restructuring ever, reorganizing its businesses into six independent entities and moving all operational decisions to each unit's CEO
announced a day after co-founder Jack Ma returned to mainland China after almost a year overseas. @hwclarence @raffaelehuang https://www.wsj.com/... Paul Page / @paulpage : Alibaba plans a major struc...
Thailand-based Flash Group, which provides e-commerce logistics services including Flash Express, raises $150M in new funding to become Thailand's first unicorn
it took a little longer than planned to get over the line due to the recent spike in Covid cases in Thailand My @TheKenWeb story on its expansion plans and crazy cash burn 👇🏻 https://the-ken.com/... h...
Didi Chuxing's daily active users dropped over 50% after China acknowledged coronavirus outbreak; Beijing drivers waiting up to two hours for a passenger
Financial Times : Tweets: @jonrussell and @modestproposal1 Tweets: Jon Russell / @jonrussell : Not a good time to be a ride-hailing company in China https://www.ft.com/... https://twitter.com/... Mod...
Decentralized Finance (DeFi), the best performing sector in crypto today, feels more like cosplaying a financial system than an actual viable alternative to it
Over the last year or so, much-to-most of the cryptocurrency world has pivoted from the failure of “fat tokens” and ICOs … Tweets: @counternotions and @jonrussell Tweets: Kontra / @counternotions : “D...
Uber unveils Uber Money, a division for efforts like digital wallets and upgraded debit and credit cards, focusing at first on getting 4M drivers a bank account
But Experts Have Some Concerns Bhumika Khatri / Inc42 Media : Uber Money Launched: Is Uber Aping Ola's Diversified Portfolio? Bhushan Akolkar / Coinspeaker : Uber Dives in Payments and Financial Servi...
Automattic raises $300M Series D from Salesforce Ventures at a post-money valuation of $3B
Today Automattic announced it has closed … Sara Fischer / Axios : WordPress.com owner Automattic raises $300 million Mary Ann Azevedo / Crunchbase News : Automattic Raises $300M Series D from Salesfor...
Waresix, which aims to digitize logistics in Indonesia, raises $14.5M Series A led by EV Growth; Indonesia, with 17K+ islands, has unique logistical challenges
Jon Russell / TechCrunch :
Naspers-owned payments company PayU to enter Southeast Asia with the acquisition of Red Dot in a deal that values the Singapore-based e-commerce startup at $65M
Jon Russell / TechCrunch :
Splyt, which wants to bring international roaming to ride-hailing apps and already allows Alipay users to book Grab rides, raises $8M Series A from Grab, others
Jon Russell / TechCrunch :
South Korean budget hotel and online booking platform Yanolja raises $180M Series D led by Singaporean sovereign wealth fund GIC at a $1B+ valuation
Jon Russell / TechCrunch :