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Grab moves to offer digital insurance services in Southeast Asia – TechCrunch

Grab is Southeast Asia’s top ride-hailing firm, thanks in no small part to its acquisition of Uber’s local business last year, but the company also houses an ambitious fintech arm, too. That just added another…

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Lightspeed announces new $560 million fund for China – TechCrunch

Global investor Lightspeed is starting 2019 with its largest-ever fund for China, where it has backed a number of new internet challengers. The firm announced this week that its fourth China fund has closed with a total…


Didi launches lending and insurance as new regulation threatens to lower driver numbers – TechCrunch

Didi Chuxing, China’s dominant ride-hailing firm, is rolling out a range of financial and insurance services as it looks to fortify its service against a range of challenges in 2019. The company announced today that…


Alibaba-backed Hellobike bags new funds as it marches into ride-hailing – TechCrunch

2018 has been a rough year for China’s bike-sharing giants. Alibaba-backed Ofo pulled out of dozens of international cities as it fought with a severe cash crunch. Tencent-backed Mobike puts a brake on expansion after it…


Grab raises fundraising target to $5B as Southeast Asia’s ride-hailing war heats up – TechCrunch

Southeast Asian ride-hailing firm Grab is aiming to start the new year with a bang and an awful load of bucks. The company, which acquired Uber’s local business earlier this year, is planning to raise as…



Food delivery startup Swiggy raises $1 billion more from Naspers, Tencent and others – TechCrunch

Naspers, the South African investment giant, is back at it again in India! Days after backing educational startup Byju’s by leading a $540 million investment, it has led a $1 billion investment in food delivery…


Alibaba replaces video streaming boss amid anti-corruption probe – TechCrunch

A top-level reshuffle is sending shockwaves across one of China’s biggest online video businesses. Yang Weidong has stepped down as the president of Alibaba’s video streaming unit Youku, the ecommerce operator’s digital media and entertainment…