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The US$10bil (RM41.17bil) raised will more than double Meituan’s cash, giving it the biggest war chest after Alibaba’s, to invest in new technologies like autonomous delivery and build infrastructure for online groceries. — Reuters The competition between Wang Xing’s Meituan and fellow tech billionaire Jack Ma’s Alibaba Group Holding Ltd is turning into one of the great rivalries in Chinese business. While Alibaba is the dominant force in e-commerce with a global reputation, Wang, a generation younger, has built Meituan into a fearsome rival, the world’s largest delivery empire wi...

E-hailing drivers in some African countries including Nigeria and Kenya went on strike, demanding a higher share of commissions, as the cost of living and fuel increased amid the Covid-19 pandemic. —REUTERS Uber Technologies Inc. drivers in some African countries including Nigeria and Kenya have gone on strike to demand a higher share of commissions due to increases in fuel prices and inflationary pressures amid the Covid-19 pandemic. The US ride-hailing service in Nigeria, Africa’s most populous country, already has limited trips available on the app, leading to a sharp rise in fares in ...

A Grab Food delivery rider picks up orders on Orchard Road in Singapore. Tan said that South-East Asia has nearly double the population of the US, with 670 million people, and its adoption of online services, from mobility to delivery to e-payment, is still low. — Bloomberg SINGAPORE: Singapore’s tech unicorn Grab will remain focused on South-East Asian markets even after it goes public in the United States, Vietnam News Agency (VNA) quoted the co-founder and chief executive officer Anthony Tan as saying to Asia Nikkei Review. Noting that investors describe South-East Asia’s most valua...

GoTo will have three business units: ride-hailing provider Gojek; e-commerce arm Tokopedia; and payments and financial services under the title of Dompet Karya Anak Bangsa, or DKAB, the people said. — Reuters Gojek co-chief executive officer Andre Soelistyo is set to head the Indonesian app giant to be created when the transport and delivery provider merges with e-commerce company PT Tokopedia, according to people familiar with the matter. Indonesia’s two most valuable startups are set to form a holding company called GoTo, of which Gojek’s shareholders will have 58% and Tokopedia’s o...

Union of ride hailing app's drivers gets mixed results in lawsuit against Uber, in bid to gain access on data about drivers. — Reuters The British drivers whose legal victory against Uber Technologies Inc. upended the UK’s gig economy, are now trying to get access to the data the ride-sharing app stores on them. Former Uber drivers James Farrar and Yaseen Aslam, who founded the App Drivers & Couriers Union, got mixed results in an Amsterdam District Court ruling on Thursday. The court will require the ride-hailing giant to provide drivers with anonymous ratings information from riders, an...