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Friday Flashback: India's First Grocery Store Joins the Unicorn Club Know what happened in the APAC region over the past week

By Komal Nathani

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur Asia Pacific, an international franchise of Entrepreneur Media.

Here's a series on the big developments that took place in the APAC region over the past one week.

  • Uber to acquire Careem. The San-Francisco based ride-hailing giant is buying its Middle East rival Careem for $3.1billion. It's going to be the biggest ever tech deal in the region.
  • After the $150 million funding from Alibaba, India's first online grocery story BigBasket turns unicorn after eight years of its launch, with $1billion or more valuation.
  • Chinese shoppers break all records with $41.5 trillion mobile payments last year, says a new study by People's Bank of China.

Komal Nathani

Former Correspondent, Entrepreneur Asia Pacific

A firm believer of hard work and patience. Love to cover stories that hold a potential to change the momentum of business world. Currently, a part of all-women web team of Entrepreneur’s Asia Pacific edition to jig the wheel of business journalism!

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