TechCrunch: China’s Didi is laying off 15% of its staff

China’s largest ride-hailing firm Didi plans to let go 15 percent of its employees or about 2,000 people this year, sources told TechCrunch. The cut comes as the beleagured transportation giant copes with a stricter regulatory environment that puts a…

TechCrunch: Grab raises $200M from Thailand-based retail conglomerate Central Group

Grab’s fundraising push continues unabated after the Southeast Asian ride-hailing firm announced that it has raised $200 million from Central Group, a retail conglomerate based in Thailand. Central’s business covers restaurants, hotels and more than 30 malls in Thailand, while it has…

TechCrunch: Southeast Asia’s Grab is adding Netflix-like video streaming to its ride-hailing app

Grab is Southeast Asia’s top ride-hailing firm thanks to its acquisition of Uber’s local business last year. Its biggest competitor gone, the company is on a push to go beyond transport and become an everyday ‘super app’ and that strategy…

TechCrunch: BMW, Porsche, Jaguar Land Rover invest in roadside assistance startup Urgently

Urgently, the roadside assistance startup that connects car owners who need help with tow truck and other services, has raised $21 million in a Series B round that includes the venture arms of BMW, Porsche and Jaguar Land Rover. BMW…

TechCrunch: Lightning Motorcycles is taking reservations for its $12,998 electric motorcycle

A teaser image of headlights plus a few details about the upcoming electric Strike motorcycle from Lightning Motorcycles was apparently too much for some to bear. The company, prompted by an unexpectedly high number of customer requests, has now opened reservations for…