SoftBank Corp. invested $250 million in GrabTaxi Holdings Pte as the cab-booking service fends off competition from Uber Technologies Inc. in Southeast Asia.
Founder and CEO Jianqiang Gu projects that the company will break even by early next year and has set the next annual sales target at RMB200 million.
Chengdu-based apartment rental company Uoko has raised US$22 million in its round B funding bringing the startup’s estimated valuation up to US$80 million, CEO Xiang Liu confirmed.
“No1 Chauffeur Service” will invest RMB6 million in its recently launched year-long customer experience campaign called “Thousand Members Club”.
TravelDaily has learnt exclusively about Ctrip’s recent acquisition of Changsha-based Property Management System (PMS) developer Jiachi Software..
Uber Technologies Inc. is close to raising a round of financing that would value the mobile car-booking company at $35 billion to $40 billion, according to people with knowledge of the situation.
Didi Taxi expects to see rapid growth in its chauffer business, anticipating usage of more than 100,000 trips daily for its chauffer service by year end.
Home Inns Group has joined China Lodging Group in making multi-million RMB investments in Lvmama’s Campsort that was launched a month ago.
