Here’s what you should know.

1. Ride-hailing app Grab to invest $700m in Indonesia

Grab is investing $700m in Indonesia including opening a research and development centre in Jakarta as competition to dominate the ride-hailing market in the region intensifies.

“This is about growing our user base, both on transportation and also importantly on our payments platform. Both transport and payments are local problems that require local solutions.” Said Maa Ming, President at Grab.

Grab is also looking at expanding mobile payments in Indonesia and will set up a fund to invest in Indonesian financial services start-ups.

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2. Asia is Facebook’s biggest region

With 396 million people across Asia using Facebook each day, the continent is now larger than the “rest of the world” for the first time. WhatsApp also hit a new high with 1.2 billion active users each month.

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3. Recommended Reading: For couriers, China’s ecommerce boom can be a tough road

The Chinese ecommerce industry has been built on the backs of couriers .They number 1.2 million, by one survey, and online retailers like Alibaba use them to zip packages to customers by scooter or three-wheeled electric cart. Across China, the world’s largest market for package delivery, a courier shouting “kuaidi!” through a door or a phone signals your package has arrived.

Read the rest of the story here.


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