Sector focus: Transport
The past 12 months have been a particularly big year for ride-hailing services such as Uber, Ola, Didi Kuaidi and GrabTaxi, which secured a combined total of more than $10bn in funding. However, corporates from the transport and logistics sector were entirely absent from the biggest deals, including China-based Didi Kuaidi’s $3bn round, which instead featured e-commerce company Alibaba, insurance firm Ping An and internet company Tencent, among others.
Alibaba and Tencent had originally backed Kuaidi Dache and Didi Dache,…
