Archives
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ALL DEALS 
May 12, 2018 China’s ZTE Teeters as US Ban Hits Operations
Chinese telecom giant ZTE faces a grim future after ceasing major operations due to a US ban on American sales of critical technology to the company, raising the stakes in a trade spat between the world’s two largest economies. The firm’s fate has added a new source of tension to trade talks between the two countries after Chinese officials […]
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ALL DEALS 
August 24, 2016 Uber to Merge China Operations With Rival Didi Chuxing: Report
Ride-sharing giant Uber is to merge its China operations with local rival Didi Chuxing, reports said Monday, ending a ferocious battle for market share in the world’s second-largest economy. The deal will give Uber a 20 percent share in the combined firm, Bloomberg News reported, adding it will be valued at $35 billion (roughly Rs. […]
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ALL DEALS 
August 24, 2016 Uber to Merge China Operations With Rival Didi Chuxing: Report
Ride-sharing giant Uber is to merge its China operations with local rival Didi Chuxing, reports said Monday, ending a ferocious battle for market share in the world’s second-largest economy. The deal will give Uber a 20 percent share in the combined firm, Bloomberg News reported, adding it will be valued at $35 billion (roughly Rs. […]
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NEWS 
June 2, 2016 OLX plans logistics carrier to supplement its classifieds operations
OLX India Pvt. Ltd, the online classifieds company sponsored by using South African media business enterprise Naspers Ltd, is checking out a logistics provider because it seeks to extend past its number one listing enterprise and attract greater customers to its paid advertisement product, according to 3human beings aware about the improvement. The company, which launched […]
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ALL DEALS 
March 16, 2016 Grofers shuts down operations in 9 cities
Grofers ran pilot projects in 15 new cities in September. Photo: Ramesh Pathania/Mint Mumbai: Grofers India Pvt. Ltd has shut delivery operations in nine cities in the past 15 days because of low acceptance of its services in these areas, company co-founder Albinder Dhindsa said. Grofers ran pilot projects in 15 new cities in September. […]
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ALL DEALS 
March 11, 2016 Zomato shuts food-ordering operations in four cities
Zomato said the size of the market in the cities where it shut its ordering business is small right now and will re-launch when the time is right. Photo: Mint Bengaluru: Zomato Media Pvt. Ltd, one of the few Indian Internet start-ups with a global presence, has shut operations in four cities, as food tech […]
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NEWS 
March 4, 2016 PepperTap shuts operations in six large cities, including Mumbai
In September, Gurgaon-based PepperTap had rolled back operations in smaller towns such as Agra and Meerut after a month-long pilot failed to take-off. Photo: Pradeep Gaur/Mint New Delhi: Hyperlocal delivery start-up PepperTap is shutting operations in six cities, including Mumbai, Kolkata and Chennai, and will be laying off about 400 delivery men—a sign of heightened […]
