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Traveloka in talks to raise $400mn

Bloomberg Traveloka, Southeast Asia’s largest online travel startup, is in talks to raise about $400 million from new and existing investors to accelerate its expansion, according to people familiar with the matter. The money will be used to push beyond traditional airline tickets and hotel bookings into activities for travelers like concerts or amusement parks, said the people, asking not ...

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Softbank, Toyota team up on ride-hailing, self-driving cars

Bloomberg Japan’s SoftBank Group Corp. and Toyota Motor Corp. are betting on a future when consumers and businesses will order up their transportation needs on demand, forming a new venture that will develop and deploy ride-hailing and self-driving car technologies. Monet Technologies Corp. will initially introduce ride-hailing services for Japanese public agencies and private companies, followed by a rollout of ...

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Pompeo returns to Pyongyang lacking leverage for nuke deal

Bloomberg Secretary of State Michael Pompeo arrived on Saturday in Japan on a trip that will take him to North Korea, as US disarmament demands are increasingly undermined by calls for sanctions relief and President Donald Trump’s eagerness for a second summit with Kim Jong-un. Pompeo will spend less than a day on the ground in Pyongyang on Sunday meeting ...

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