While Western media tends to focus on the funding moves of corporate venture capital arms of regional brands like JetBlue and EasyJet, it’s also important to see how key investment players in Asia, like Shanghai-based Fosun, are investing, such as in Splitty, a hotel booking startup.
Uber sees value in multiple business lines that take advantage of its technology, insights, and brand. But Uber Eats is a big business on its own by any measurement.
Good news for anyone who lives far away from their favorite regional restaurant dish — food marketplace GoldBelly has more cash on hand to connect you to your fix.
Despite the recent attempts at corporate venture capital by JetBlue, Booking.com, and other big players, many travel companies prefer to invest in startups via traditional venture funds instead.