Chat app Kakao raises $437M for its Korean ride-hailing service

Korea’s Kakao, the country’s top mobile messenger company with some 50 million monthly users, has continued to diversify its business with a move to spin-out the unit managing its mobility services, which include a ride-hailing app that is beating Uber in Korea. The firm announced that ‘Kakao Mobility’ has now become an independent entity in a move that sees U.S. Read More