Didi Chuxing, the largest ride-hailing service is China, confirmed today that it will acquire Uber China. According to reports, the two companies will keep distinct brands, apps, and business operations, but the backends will be merged. The deal ends a long, costly battle between the two rivals: Uber had been…
Our portfolio company Suite101.com announced today that it has launched French and Spanish versions of their site after successfully expanding to Germany a year ago. Expanding an Internet company to international markets should be part of every business plan but is often easier said than done. At AbeBooks (which has…
International expansion is part of almost every business plan of an ambitious start-up but few ever get around to it: strong existing competition in international markets, a lack of understanding of the local culture or not enough international expertise in the management team often keep start-ups in their domestic market.…
