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Uber’s India rival Ola is expanding to Australia in first overseas move
2018 is the year for ride-hailing expansions. Fresh from China’s Didi moving into Brazil and Taiwan, Ola in India is taking the first steps to move into the Australian market which expands its rivalry with Uber. Ola — which counts Didi as an investor — announced today that it has started recruiting drivers in Sydney, Melbourne and…
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Korea’s Kakao eyes overseas acquisitions following $1 billion raise
Korea’s Kakao, the internet giant behind the country’s top messaging app, is actively seeking overseas investment opportunities after it raised $1 billion via a placement. Kakao is valued at over $7 billion and its services are used by more than 40 million people. The company, which counts Tencent as an early investor, now appears to…