Facebook has set up a company in Switzerland to focus on payments and blockchain, according to a report.The Facebook coin would be tied to the US dollar, the report said, and remain stable unlike bitcoin, which started crashing back in 2017.Libra Networks was set up in Geneva several weeks ago, Swiss publication Handelszeitung found, with Libra being the social network giant's internal project name for the currency.The Swiss company is owned by Facebook Global Holdings II in Ireland, the report said, and will focus on developing the software and hardware related to the currency, including across payments, blockchain, analytics, big data, and identity management.Facebook declined to comment, but the report follows rumors in February that Facebook had a team of 50 working on its virtual currency to be used across the social network and on its WhatsApp messaging service.At the time, Facebook would not comment on the currency plans reported by the New York Times, but did confirm its blockchain work.
Thankfully, it’s 2019, and for the price of a cheap netbook, you can get yourself a robot servant to do it for you.The Ecovacs Deebot 601 is a great example of this, and is currently on sale on Amazon for $189.99 – that’s a full 50 percent off the usual list price of $379.99.So, what do you get for your (not quite) two Benjamin Franklins?Well, it fulfills the main function of a robot vacuum, traversing thorough your house, consuming as much dust, lint and debris as it possibly can in the process.But there are some added extras.For starters, the Deebot 601 claims to be quieter than much of the competition, which should be good news for any pets that get traumatized whenever you pull the Dyson out of the cupboard.
The worldwide market for department stores retailing is one of the quickest developing markets amid all the supporting products market. The retail chains are being utilized in each industrial procedure to make boosting exercises effortless and quicker.In the past few years, the number of online retailers has increased and the competition is rising amid the department stores and online stores. Online shopping is getting to be mainstream among the customers because of the simplicity of shopping. The department stores keep on redefining itself even with moderate foot traffic and an ever more better digital shopping feel. But those retailers which are capable to stay agile in an unstable market and keep on investing in technology to take care of changing consumer demand will flourish in this novel retail reality. So as to catch-up for lost time with online retailers, numerous department stores are blending in by going online and extending their reach.Get More Information About Department Store Retailing Market:  https://www.trendsmarketresearch.com/report/sample/3029 There are various departmental divisions, for example, advertising, merchandising, service, accounting as well as budgetary control. There are various types of department store retailing such as discount department store, mid-range department store, upscale department store along with others. These can be further bifurcated into five segments: home appliances, toiletries, clothing, cosmetics, and others. Diverse department stores exhibit various types of spending. In general, an upscale department store conveys costly as well as a better quality product. However, the discount department store conveys more affordable items. Among the prominent regional markets, North America has been one of the most lucrative department store retailing market, trailed by Europe. Moreover, Asia Pacific is representing to be the fastest rising market for department store retailing.Increasing disposable income, rising customer confidence, rising promotional activity as well as consistently expanding populace in the emerging nations are a few of the prominent reasons for the expansion of the department store retailing market. With the lower impact of economic recession, disposable income levels and employment rate are raising that enables the buyer to spend more on items, for example, toiletries, cosmetics, and apparels. In this manner increment in the certainty level of the buyer which enables them to spend money effectively. As indicated by the National Bureau of Statistics China, yearly per capita disposable income of urban family units in China raised from USD 2,271.0 during the year 2008 to USD 3408.5 during the year 2018. On the other hand, the general annual disposable income if the medium family income in India expanded from USD 1,366.2 billion in the year 2018 to USD 1,587.6 billion in the year 2025.Request For TOC: https://www.trendsmarketresearch.com/report/requesttoc/3029 Recently, Google is indicated to nearly signing a deal to launch its first physical store, in Chicago, a flagship-level outpost where it is considered to sell its horde of tech products as well as others. It may possibly join Amazon, amid other online players, in the real retailing sector. On the other hand, Sears and Kmart carry on of their deconstruction of physical stores, but speculation continues prominently that more steady retailers in those channels – amid them Kohl’s, J.C. Penney and Macy’s – are all chewing over a few serious shutdowns in the not too far-away future.Owing to declining retail sales over the decade, Macy’s, like other department stores, has been redoing around 50 stores to incorporate upgraded fixtures and food offerings. The company is rolling out new loyalty programs offering special services to its top consumers, for instance, previews of Broadway plays as well as adding to its online offerings. A few of the prominent companies active in the department store retailing market are Myer, David Jones, Nordstrom, KOHL’S, JCPenny, Dillard’s, Falabella, Hudson’s Bay Company, Liverpool and Lojas Riachuelo.Report Discription: https://www.trendsmarketresearch.com/report/department-store-retailing-market Contact Us: One Vincent SquareWestminster, London SW1P 2PNUnited KingdomT: +44 2033221521Email: sales@trendsmarketresearch.comWebsite: https://www.trendsmarketresearch.com
South Korean conglomerate SK Group agreed to purchase 6.1% of Vietnam’s largest firm, Vingroup JSC, for US$1 billion as it looks to expand its investments in the country, Reuters reports.“Vingroup and SK Group intend to enter into future joint strategic investments that will leverage each party’s expertise and enhance both groups’ ability to serve the Vietnamese market and the region,” the companies jointly said in a statement.In 2018, SK bought 9.5% of Masan Group, Vietnam’s second-largest conglomerate, for US$470 million.
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London-based food delivery app Deliveroo said it has raised US$575 million in a series G funding round led by Amazon.Deliveroo said it would use proceeds from the round to hire more engineers in London, cover more locations, and set up delivery-only kitchens, among others.Existing investors, including US-based asset managers T. Rowe Price, Fidelity Management and Research Company, and Greenoaks Capital, also participated in the round, bringing the total amount raised to US$1.53 billion.Founded in 2013, the company delivers food to customers in more than 500 towns and cities across 14 markets, according to a media statement.
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Luckin Coffee today announced the pricing of its IPO of 33,000,000 American Depositary Shares at US$17.00, giving the Chinese startup a market valuation of roughly US$4 billion.Started less than two years ago, the loss-making Starbucks challenger focuses on deliveries and pickups, all of which are done via an app.There’s no cash or cashiers at its thousands of stores across China.Luckin debuts today on the NASDAQ.
Chlorosulfonic Acid - MARKET ADVISORY SERVICESGeographically, this Chlorosulfonic Acid (CAS 7790-94-5) report split USA into several key Regions, with sales (K Units), revenue (Million USD), market share and growth rate of Chlorosulfonic Acid (CAS 7790-94-5) for these regions, from 2012 to 2023 (forecast), includingAccording to our report, The chlorosulfonic acid (CAS 7790-94-5) market is anticipated to grow at a CAGR of 3.3 % by 2023.USA Chlorosulfonic Acid (CAS 7790-94-5) market competition by top manufacturers/players, with Chlorosulfonic Acid (CAS 7790-94-5) sales volume, price, revenue (Million USD) and market share for each manufacturer/player; the top players includingTwo Lions (Zhangjiagang) Fine ChemicalsShandong Huayang Science and Technology
China’s Alibaba Group has acquired roughly US$635 million worth of convertible bonds from local furniture retailer Red Star Macalline, which would give Alibaba a 10% stake in the company if exchanged, TechNode reports.The ecommerce giant also purchased about 3.7% of Red Star Macalline’s publicly traded shares on the Hong Kong stock exchange.Under the deal, the two companies will work together to improve physical stores, and Red Star Macalline will be able to make use of Alibaba’s ecommerce channels.
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If you take a peek at the price of Bitcoin vs USD, then look at where NVIDIA is in the NASDAQ, you might draw some conclusions.While it’s not been NVIDIA GPUs, but AMD GPUs that’ve appeared to have been used the most for cryptocurrency mining in the recent past, their fortunes seem linked.As we re-enter a bull season in cryptocurrency in general, NVIDIA’s just announced they’ve beat earnings expectations for this most recent quarter.NVIDIA did not mention the word “cryptocurrency” or “Bitcoin” or “blockchain” whatsoever in their main Q1 fiscal 2020 earnings press release this afternoon.They instead focused on gaming – their original bread and butter.They focused on Data Center technology, Automotive, Professional Visualization, and Edge Computing.
Over the past several years, Amazon’s released several Amazon Fire tablets, and other products, with the words “All New” up front of their title.If you’re considering purchasing a tablet from Amazon because you’ve always wanted a tablet and $50 is too good to pass up – PLEASE read on.You’re going to find a bunch of articles today that point to the newest Amazon Fire 7 tablet as a great value.Kids Edition and the tricky fine printThey also suggest that the newest edition of the “Fire 7 Kids Edition” is a pretty decent value at $100 USD.That’s the exact same tablet with a big bumper case with “adjustable stand”, 16GB storage, one year of Amazon FreeTime Unlimited, and a two-year free replacement policy.
The increasing acceptance of RFID tags in the aerospace industry along with other vertical industries. The integration of cloud and sensor-based capabilities in RFID tags are anticipated to exhibit further lucrative expansion prospects to the market players.The worldwide market for RFID tags is foreseen to register a remarkable XX CAGR for the duration of the forecast. The market is estimated to be accounting for close to US$ XX Million by 2015 end escalating from an evaluation of higher than US$ XX Million during 2018.Get More Information RFID Tags Market:  https://www.trendsmarketresearch.com/report/sample/3537 Organizations all over the world are concentrating on incorporating RFID with IoT for recognizing an object along with its real-time location for the ease of its consumers. This is likely to prompt the increasing need for RFID tracking solutions for big data and loT platforms by organizations providing such technologies all over the world, for the most part in emerged regions. Emerging regions, for example, China and India are possibly going to foresee an expansion again with overwhelming investments from non-government and government investments. Another aspect which is likely to drive the development of the RIFD tags market here is the expanding number of big data and IoT organizations worldwide. In North America municipal solid waste management organizations are continuously buying RFID labels. The expanding requirement for RFID labels in the U.S. is additionally determined by the increasing utilization in the healthcare industry, in which, the attention on RFID technology for classification and tracking of medical instruments is increasing and subsequently, backing the development of the market in the region.Request For TOC: https://www.trendsmarketresearch.com/report/requesttoc/3537 The working type of RFID tags is broadly categorized into active and passive RIFD tags. In which, the frequency band is categorized into ultra high frequency, microwave frequency, high frequency, and low frequency. Owing to the benefits offered, RIFD tags are employed in various applications such as healthcare & medical, retail & consumer goods, logistic & transportation, government, automotive, agriculture, farming & livestock, aerospace & defense, and others.The logistics and transportation category rose as the foremost application area for RFID tags all through 2017. It is additionally anticipated that would keep up the dominance over the market in the years to come. The utilization of RFID labels is expanding widely in this area owing to counterfeit and stealing concerned issues and furthermore to track real-time shipments. Healthcare and aerospace industries will offer lucrative opportunities with developing reception. The quantity of RFID tag applications is expanding within retail stores which thusly are driving the development of the RFID tags market. At present, numerous retail sectors, for example, apparel, are utilizing RFID tags for augmenting stock accessibility and improve the customer experience alongside it.The foremost market players functioning in the global market are Zebra Technologies Corp., GAO RFID Inc., Omni-Id, Inc., Alien Technology, Impinj, inc., Honeywell International, Confidex Ltd, NXP Semiconductors, Invengo Information Technology, SMARTRAC N.V., HID Global Corporation and others.Report Discription: https://www.trendsmarketresearch.com/report/rfid-tags-market Contact Us: One Vincent SquareWestminster, London SW1P 2PNUnited KingdomT: +44 2033221521Email: sales@trendsmarketresearch.comWebsite: https://www.trendsmarketresearch.com
Tokopedia, the Jakarta-headquartered ecommerce unicorn, is in talks to acquire Indonesian wedding marketplace Bridestory, a source familiar with the matter confirmed to Tech in Asia.The deal, which is in the final stages, values Bridestory at between US$30 million to US$35 million.Tech in Asia has reached out to both companies about this story, but Tokopedia declined to comment.Bridestory was founded in 2014 to cater to the country’s sizable wedding industry, a market valued at US$7 billion at the time.Founder Kevin Mintaraga got the idea while planning his own wedding.Instead of just creating Pinterest boards, as many couples do, Bridestory users can plan their big day by using the platform.
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Singapore-based Vertex Venture Holdings has raised US$230 million in the first close of its fourth Southeast Asian fund to invest in technology startups across the region and India, Bloomberg reports.It plans to finalize the funding in the next few months, which could take it above the first close, said Chua Kee Lock, Vertex’s managing partner for Southeast Asia and India.The venture capital arm of sovereign wealth fund Temasek Holdings, Vertex plans to continue backing early-stage technology for financial services, enterprise, and consumers in the region.Most of the investors in its third fund, including Cathay Financial Holding Co., have backed the new one.
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Chinese ecommerce giant Alibaba Group Holding projected that its annual revenue will surpass 500 billion yuan (US$72.7 billion) this financial year despite a trade war between the US and China.The New York-listed company said its revenue rose 39% to 376.8 billion yuan (US$54.7 billion) for the 12-month period ended March, excluding newly consolidated revenue, according to a company statement.Alibaba’s financial results were announced as the US and China continued to pursue a resolution to their ongoing trade dispute.The US has also pledged to impose tariffs of up to 25% on all remaining Chinese imports, with an approximate total annual trade value of US$300 billion.“The US trade war has become both a challenge and an opportunity for China’s economy,” Daniel Zhang Yong, chief executive of Alibaba, said in a conference call with analysts on Wednesday.The trade war has an inevitable impact on ecommerce companies like Alibaba, which operate a global business across dozens of countries, Ben Kwong Man-bun, a Hong Kong-based director at brokerage KGI Asia, said before the results were announced.
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The free tier of Spotify allows you to access a ton of music — but with some severe limitations, not to mention ad interruptions.Spotify Premium, however, gets you full, ad-free access to nearly everything the service offers.Right now, you can give Spotify Premium a shot for three months and pay only $0.99.That’s not $0.99 per month, that’s $0.99 total for the entire three-month period.When the trial period is over, you’ll pay the usual rate for Spotify Premium, which is currently set at $9.99 per month.However, if after the trial you don’t want to pay the full price for the service, you can simply cancel and drop back down to the free tier.
The global market for lighting fixtures is estimated to reach a market size of over US$ XX Billion all through 2027, up from a market value of over US$ XX Billion during 2017. Increased penetrations in LED lighting, as well as the need for smart fixtures, are the major aspects anticipated to fuel the overall growth in revenue terms of the worldwide market for lighting fixtures. The market will be recording a healthy XX% CAGR all through the calculated period.Get More Lighting Fixtures Market:  https://www.trendsmarketresearch.com/report/sample/3463 Market SegmentationBased on the type, the global market is segmented as Decorative & Residential Lighting, Architecture & Commercial Lighting, Outdoor Lighting and Industrial Lighting. The outdoor lighting is estimated to increase exceedingly at US$ XX through 2025 end. The architectural and commercial lighting is likely to grow at a high CAGR in value terms all through the predicted period.Based on the application type, the global market is categorised into corporate campus lighting, street lighting, airport lighting, education facilities lighting, retail outlets lighting, healthcare facilities lighting, government office & building, recreation & public venue lighting, industrial & warehouse lighting, restaurant & hotel lighting and residential lighting. The street lighting category is estimated to be majorly attractive in the worldwide market for lighting fixtures market over the calculated period. However, the residential lighting category is estimated to record soaring Y-o-Y rates of growth all through the calculated period. This category is likely to grow at a XX% CAGR in value terms over the calculated time frame.Based on the light source, the overall market is divided into fluorescent, incandescent and LED and OLED. The fluorescent division is estimated to lead the worldwide market for lighting fixtures by gaining the maximum market shares over the calculated period. On the other hand, the LED and OLED division are projected to register substantial growth in market share from XX% during 2017 to XX% by 2027.Based on the region, the overall market is assessed across Middle East & Africa, Latin America, North America, Asia Pacific and Europe. Europe and North America jointly are estimated to gain market shares in revenue terms during the assessment period. However, the MEA region is estimated to see a reasonable growth pace all through the calculated period.Request For Report Discount: https://www.trendsmarketresearch.com/report/discount/3463  Key Market Players The global market for lighting fixtures is estimated to reach a market size of over US$ XX Billion all through 2027, up from a market value of over US$ XX Billion during 2017. Increased penetrations in LED lighting, as well as the need for smart fixtures, are the major aspects anticipated to fuel the overall growth in revenue terms of the worldwide market for lighting fixtures. The market will be recording a healthy XX% CAGR all through the calculated period.Market SegmentationBased on the type, the global market is segmented as Decorative & Residential Lighting, Architecture & Commercial Lighting, Outdoor Lighting and Industrial Lighting. The outdoor lighting is estimated to increase exceedingly at US$ XX through 2025 end. The architectural and commercial lighting is likely to grow at a high CAGR in value terms all through the predicted period.Based on the application type, the global market is categorised into corporate campus lighting, street lighting, airport lighting, education facilities lighting, retail outlets lighting, healthcare facilities lighting, government office & building, recreation & public venue lighting, industrial & warehouse lighting, restaurant & hotel lighting and residential lighting. The street lighting category is estimated to be majorly attractive in the worldwide market for lighting fixtures market over the calculated period. However, the residential lighting category is estimated to record soaring Y-o-Y rates of growth all through the calculated period. This category is likely to grow at a XX% CAGR in value terms over the calculated time frame.Based on the light source, the overall market is divided into fluorescent, incandescent and LED and OLED. The fluorescent division is estimated to lead the worldwide market for lighting fixtures by gaining the maximum market shares over the calculated period. On the other hand, the LED and OLED division are projected to register substantial growth in market share from XX% during 2017 to XX% by 2027.Based on the region, the overall market is assessed across Middle East & Africa, Latin America, North America, Asia Pacific and Europe. Europe and North America jointly are estimated to gain market shares in revenue terms during the assessment period. However, the MEA region is estimated to see a reasonable growth pace all through the calculated period.Key Market PlayersSome of the top Players functional in the worldwide market include Hubbell Lighting Inc., CREE INC, OSRAM Licht AG, GE Lighting LLC, Acuity Brands Lighting Inc, Royal Philips NV, Panasonic Corporation, ATG Electronics, Eaton Corporation, D. Kichler Co. and others. While some other players include Briloner Leuchten GmbH, Kenroy Homes, Delta Light, Brilliant Lighting Limited, Beghelli SpA, Disano Illuminazione S.p.A, IKEA, Glamox lighting, Endo Lighting Corp, EGLO Leuchten GmbH and others.Report Discription: https://www.trendsmarketresearch.com/report/lighting-fixtures-market Contact Us:One Vincent SquareWestminster, London SW1P 2PNUnited KingdomT: +44 2033221521Email: sales@trendsmarketresearch.comWebsite: https://www.trendsmarketresearch.com
Monochloroacetic Acid is also called Chloroacetic Acid having a molecular formula-CICH2CO2. MCCA plays a key role in manufacturing of several well-known products that are essential in daily living. Commercially, MCCA is also accessible in water solution. Basically, MCCA is a monochloroacetic acids, an instant substance preserving experience of several types of intermediary random reactions. Some of the vital markets for MCCA and its derivatives are surfactants, drilling fluids, food processing, textiles, herbicides, construction, pharmaceuticals, and plastic stabilizers. The MCCA marketplace is expected to be influenced by the Chinese marketplace owing to its uses as an intermediate in textile auxiliaries, pharmaceuticals, as well as esters and carboxyl methyl cellulose manufactures. Global sales of monochloroacetic acid was valued at US$ XX Mn in 2018 and is projected to increase 1.5X over the forecast period (2018 – 2025) to be valued at US$ XX Mn by the end of 2025.Get More Monochloroacetic Acid (MCAA) Market:  https://www.trendsmarketresearch.com/report/sample/3462 Market DynamicsThe global market for MCCA is primarily driven by growing market demand for the production of glycine, carboxymethylcellulose, and thioglycolic acid. For the production of cellulose gel, commonly known as CMC, considerable amount of MCCA is consumed. MCCA uses imparts certain properties such as emulsion stabilization and viscosity boosting and apart from this MCCA uses in production of CMC proffers texture and flow alteration in the product. These kind of attributes compel CMC uses for several application viz. alcoholic beverages, ice-cream, powdered drinks, and non-alcoholic beverages in the food & beverages industry.Also, CMC is usually preferred over natural and synthetic glues that will drive its market demand and in turn is projected to escalate the MCCA consumption for the production of CMC. As a result, these factors are anticipated to fuel the revenue growth of the global market for MCCA in the next eight years.For the production of several types of insecticides and herbicides, MCCA is the basic raw material such as widely used insecticides triclopyr and chlorpyrifos are derivative of MCAA. However, the MCAA route for production of symtet generating considerable amount of hazardous waste. Also, production facility which are functioned through the MCAA route face certain obstacles including high maintenance and operational prices rise owing to corrosiveness of MCAA. Regionally, China market plays an important role in the MCCA development globally. Certain factors that are propelling growth in the China market include:Request For Report Discount: https://www.trendsmarketresearch.com/report/discount/3462 Cellulosics IndustryThe global market for MCCA is mainly driven by the growing demand of carboxymethyl cellulose in activities related with oil drilling. Also, the cellulosics segment will remain dominant and will exhibit significant growth in the next eight years. Additionally, couple of years back, Dow Chemicals was planning to enlarge their production capacity of cellulosic in the APAC.Moreover, leading key players in market are aiming towards a strategy that provides an organic market growth through tactical joint ventures. Also, they are setting up newer facilities for production in order to stay competitive in the MCCA market globally. Some of the major companies operating in the global market for MCCA include CABB Group, Niacet Corporation, Shandong Minji Chemical,IOL Chemicals & Pharmaceuticals, S.R. Drugs &Intermediates, AkzoNobel N.V.,Nufarm Limited, Jubilant Life Sciences, Archit Organosys Limited and Meridian Chem Bond, among others.Flourishing End-use IndustriesMCCA combined with its alkali salts is widely used for manufacturing several types of chemical products. For example, MCCA is transformed to sodium chloroacetate and reacts with alkali cellulose for manufacturing CMC and used in various end-use industries viz. textiles, coatings, cosmetics, detergents, food, drilling muds, and pharmaceuticals. And all these kind of these industries flouring in China and the demand for MCCA will remain growing in China with the increasing expansion of these industries.Agrochemicals IndustryFor phenoxy herbicides production, MCCA is used. In the global market for MCCA, agrochemicals sector is anticipated to be the second largest segment and in the coming years, it will expand exponentially. In terms of fertilizers, China has emerged as the largest producer across the globe. Additionally, in China region, high demand for fertilizers and pesticides is predicted to grow significantly in the global market for MCCA. In pesticides market of APAC region, China is expected to remain dominant in the global market for MCCA in the next eight years.Report Discription: https://www.trendsmarketresearch.com/report/monochloroacetic-acid-%28mcaa%29-market Contact Us:One Vincent SquareWestminster, London SW1P 2PNUnited KingdomT: +44 2033221521Email: sales@trendsmarketresearch.comWebsite: https://www.trendsmarketresearch.com
Indonesian ecommerce unicorn Tokopedia launched its own order fulfillment service TokoCabang to help merchants expand their reach.TokoCabang will take care of storage, order receipts, buyer support, product packaging, and product delivery to logistics agents.The Alibaba-backed company already has warehouse facilities spread across Indonesia, according to its website.To use the service, stores will have to register for monthly subscription, which will cost 3,000 rupiah (US$0.21) per item for products to be kept in Tokopedia’s warehouses for above 60 days.Tokopedia also specified that TokoCabang will not be available for products that are banned from its platform, as well as for fresh food and beverage, expired products, aerosols, and items with dimensions exceeding 40cm x 28cm x 28cm.The service will also only be open to stores with a minimum Gold 1 reputation or Official Store label.
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We’re excited to unveil our next meetup – July 4 will mark the launch of Tech in Asia’s Pitch Night, where 10 handpicked startups will be given five minutes each to impress and persuade a panel of investor-judges.Getting funding for your startup can be a challenge.We designed Pitch Night to provide you with a platform where you’ll receive the undivided attention of keen investors.On top of gaining valuable feedback, Pitch Night is a great avenue for startups to learn alongside like-minded and passionate entrepreneurs.Pitch Night’s top three startups will receive media coverage on Tech in Asia and tickets to Tech in Asia Conference 2019, which will happen in Jakarta on October 8 and 9, 2019.We’re currently on the hunt for up-and-coming startups that have raised less than US$3 million of external funding and have a working prototype that solves a pressing problem.
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Ant Financial-backed Hello Chuxing seeks hefty financing that would take valuation to USD 4 billion – KrASIAWhat happened: Chinese bike-rental platform Hello TransTech (formerly Hello Bike) is reportedly seeking to raise several hundred million dollars in new financing that would bump its valuation to $4 billion.In December, the company secured RMB 4 billion (around $580 million) in a financing round led by Alibaba’s Ant Financial and Primavera Capital Group, which valued the company at more than $2.5 billion.Why it’s important: In February, the ride-hailing company launched its carpooling service in a bid to capture a larger share of the mobility market.At the time, the company said it would put RMB 500 million into promoting the new service, which is similar to ride-hailing giant Didi’s Hitch platform which has been suspended since September after the murders of two female passengers.Bloomberg reported last month the cash-hungry company was seeking to raise between $500 million to $1 billion.
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