SoftBank, the Japanese tech powerhouse, flush with billions from its extremely lucrative Alibaba investment, has led a $210 million investment in Ola, an Uber-style service in India.
Oct 28, Alibaba Group announced today that it will upgrade its online travel subsidiary “Taobao Travel” by launching a new brand called “Alitrip” (Chinese: Qua).
Alibaba subsidiary “Taobao Travel” will shed the Taobao link to promote itself as an independent online travel brand the new brand name will be announced on Oct.28.
On the 19th of October P2P private car rental platform Atzuche announced that it had received US$10 million in its series A financing.
Major Chinese car rental company eHi Car Service invested US$25 million in Chinese taxi app Kuaidadiche.
Zhoumo Qunar received US$10 million in investment. In the fourth quarter of 2014 it will seek out new transaction models and advance the company’s globalization.
Lvmama, a Chinese tourism booking site, has secured RMB 300 million in fresh funding, according to an internal company email obtained by 36kr..
Airbnb and Uber are maturing startups both facing some hard realities as they grow.
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