In spite of some serious regulatory hurdles, Jeff Bezos says that Amazon is continuing full steam ahead in India, and that the company plans to put an additional $3 billion into its operations in the country. [Spencer Soper | Bloomberg]
Uber has raised almost $6 billion in 2016, and its Chinese rival Didi Chuxing has raised at least a billion. Both companies are continuing to stockpile cash from private investors, meaning that an IPO for either one of them is probably way off in the distance. [Amir Efrati and Peter Schulz | The Information]