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India

India: Paytm seeks $500 million for new business

Paytm in talks to raise $500 million to build New Retail, which will be its attempt to create a business along lines of China’s Koubei & Meituan.

Greater China

Mobike, Meituan-Dianping set to intensify competition in China’s ride-hailing market

Reigning ride-hailing giant Didi, which successfully pushed Uber out of China in 2016 by acquiring its operations in return for a minority stake, is

Deals

Yum China in talks to buy delivery services firm Daojia for up to $200m

Deals

Uber-Didi’s Chinese mega deal expected to breeze past regulators

Deals

O2O platform Meituan-Dianping gets funding from retail giant China Resources

China Resource’s retail outlets including CR Vanguard, Tesco, Ole, Vango and Pacific Coffee will be integrated with Meituan-Dianping’s online plat

Greater China

China: Alibaba to sell stake in Meituan, focus on Koubei for local services

Venture Capital

Chinese deals firm Meituan-Dianping raises $3.3b in largest VC round in internet startups

Despite the merger of Meituan-Dianping in 2015, how the funds will be disbursed amongst the two, which still operate as different brands, is unclear.

World

Hungry? China’s food delivery apps bite into Yum revival

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