Quotes from the news wire:
Uber faces an uphill task in Uber China especially since Didi Chuxing is multiple times larger by transaction value and city coverage, this will lead to favorable outcomes for both companies. The biggest benefit is cost savings, they no longer have to give out subsidies to drivers and passengers. It will give pricing power as the new entity will become the dominant player. That means profitability will come sooner than later.
Found on Reuters 8 years ago
First-tier (technology) names still retain their valuation due to a capital flight to safety.
Found on Reuters 8 years ago
China has the world's largest tourist population...and the largest number of vacant houses in its domestic market, which form a fertile ground for the house sharing market.
Found on Reuters 9 years ago
The past couple of weeks was a big wake-up call to everyone, this will serve as a big lesson.
Found on Reuters 9 years ago
This is a quick and cost-effective way to help grow your young businesses without relying on the main listed company for funding needs, these young businesses are usually loss making but once you become part of a listed entity in Hong Kong, it makes it easy to raise capital to finance future growth.
Found on Reuters 9 years ago
As a fund, we focus on late-stage opportunities, or companies that are 2-3 years away from potential IPO, if you focus on growth-stage companies, chances are you'll pick the wrong horse.
Found on Reuters 9 years ago
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