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Chinese ride-hailing company Didi raises $4bn in new funding

Bloomberg Didi Chuxing has scored another investment from SoftBank Group Corp. in a massive funding round that will bankroll the Chinese ride-hailing leader’s exploration of new markets and technologies. Didi said it’s secured new financing of more than $4 billion. That pushed its valuation to about $56 billion and lifts cash reserves to $12 billion, people familiar with the matter ...

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Gulf NRIs show interest in Omkar’s Andheri project

EMIRATES BUSINESS Mumbai-based Omkar Realtors & Developers, one of India’s leading brands in redevelopment, boutique and luxury housing has obtained 150 plus EOIs (express of interest) from NRIs in the GCC for its 1200-plus apartments residential project, launched recently. This boutique inventory offering is the biggest realty launch across pan-India, post-RERA, by a branded realty player with Dubai-based NRIs leading ...

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Alipay chases Chinese tourists to Japan

Bloomberg Alipay is chasing Chinese tourists to Japan, where it’s signing up a growing number of retailers and eyeing the long-term potential of the nation’s $45 billion digital payments market. The volume of payments processed on Alipay in the country swelled about eight times in the 12 months to September, said Genki Oka, Japan chief executive officer of Ant Financial, ...

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