Beijing / Bloomberg Didi Kuaidi raised the target on its latest round of funding to more than $1.5 billion, according to a person familiar with the matter, as China’s largest ride-hailing service stockpiles cash for its battle with Uber Technologies Inc. Uber’s largest competitor will be valued at more than $20 billion in the round, said the person, who asked ...

HCM City / DPA Around five million Vietnamese travelled abroad last year spending US$6 billion, according to the Viet Nam Society of Travel Agents. The number travelling abroad is increasing rapidly, especially of those going to Japan, South Korea, Thailand, the US, and Cambodia, travel agents said. Tran Thi Viet Huong, marketing director of State giant Vietravel, said last year ...

Hong Kong / AFP Shares in Chinese telecoms giant ZTE plunged 16 percent on Thursday as it resumed trading after the US announced a probe over alleged violations of trade sanctions against Iran, which the firm admitted could lead to civil and criminal liabilities. Washington slapped restrictions on ZTE and three linked companies last month after an investigation alleged the ...