Grab seeks to reach the “dominant position” in “mobile wallet payments system” throughout the region of south-east Asia. Grab with its headquarter in Singapore provide “ride-hailing” service in the region of southeast Asia, whereby the company is set to move on for “further acquisitions” following...

“$5 billion” to go into China’s “ride-hailing firm” coming from the Japanese bank. The Japanese Company, SoftBank Group Corporation’s “earning statement” revealed about its consent on investing “$5 billion”, equivalent to “550 billion yen” on “Didi Chuxing”, a Chinese “ride-hailing firm”.  ...

One of the leaders in the field of telecommunications, Softbank, announced an investment of $ 502 million in Improbable, a start-up from the UK that helps companies create complex virtual worlds. As a result of the round B, the British start-up, created 5 years ago, was estimated at more than $ 1...

Not only the Chinese market of electronic and mobile retail trade caught up with the American and European, but in a number of ways has already become a reference point for the whole world. Boston Consulting Group and Chinese online retailer Alibaba have published a joint study "The New Retail:...

The marijuana industry is developing with leaps and bounds, and shares of manufacturing companies are rising at a record pace. Let’s take a look at the growth dynamics of the seven largest companies engaged in the manufacture and sale of marijuana in the last year: GW Pharmaceuticals: + 35%, Canopy...

The US Department of Justice launched a criminal investigation against Uber for using the Greyball program to avoid inspections in regions where the provider had not yet obtained a license. Greyball analyzed personal data of taxi customers to determine if they belonged to law enforcement, and in...

Fidelity International opened its first fund for wealthy investors in mainland China. This is a key event for foreign fund managers who want to expand their presence in the complex Chinese market, reports Reuters. Fidelity International’s first private fund in China, which primarily invests in the...

One of the leaders in the European frozen food market, German company Frosta, is buying Nestle’s Italian business for the production of frozen food. The business includes such brands as La Valle degli Orti, Mare Fresco and Surgela. The cost of the deal has not yet been disclosed. The agreement is...

With the aim of grabbing a bigger share of the fast-growing mid-tier millionaire segment in Asia-Pacific, UBS Group AG plans to hire about 100 wealth management client advisors over the next two years in Hong Kong, the biggest wealth hub in the region.   While some global banks including...