Aug 1, 2016

Uber to sell Chinese unit to local rival Didi

Uber Technologies Inc. will sell its China business to Didi Chuxing, the dominant ride-hailing service in the country, according to people familiar with the matter. The deal ends a costly battle between the two companies, which competed for customers and drivers. The valuation of ...

Jul 26, 2016

Japan to offer Thailand ¥170 billion in loans for railway project

Japan plans to provide Thailand with ¥167 billion ($1.6 billion) in loans for a railway project, Foreign Minister Fumio Kishida told his Thai counterpart, Don Pramudwinai. Kishida said he hopes the project will ease traffic jams and reduce air pollution in Bangkok during their ...

Jakarta's chaotic traffic gives rise to ride-hailing app

Jun 13, 2016

Jakarta's chaotic traffic gives rise to ride-hailing app

The Indonesian capital’s reputation as one of the most congested cities is typically not an advantage with investors. But one company has become the country’s most visible technology success with an app that relieves some of the pain of its maddening traffic. The ride-hailing ...