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Toyota invests $600m in China’s Didi

Bloomberg Toyota Motor Corp will inject $600 million into Didi Chuxing and help the Chinese company set up a car fleet management venture, bankrolling the loss-making ride-hailing giant’s expansion. The Japanese auto-maker will work with Didi to provide services including rental and car maintenance. Toyota will use its connected-car technology and intelligent analysis to help bolster Didi’s business, the partners ...

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Snapchat user growth accelerates after android fix

Bloomberg Snapchat’s growth accelerated after the social-media company rolled out an improved version of its Android mobile application and introduced fun ways for people to manipulate their images and videos. Snap Inc, whose Snapchat app lets people send each other disappearing photos and videos, said an average of 203 million users logged in daily in the second quarter, well ahead ...

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UAE, Indonesia firms sign raft of deals

BOGOR / WAM Corporate giants of the UAE that include Abu Dhabi National Oil Company (Adnoc), Mubadala, and global trade enabler DP World have signed slew of agreements with Indonesian companies, on Wednesday. The signing of the pacts took place on the sidelines of the state visit by HH Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi ...

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