Industry News Update – Week of 5/14/2018:

Last week, Avalara filed its S1 and planned to raise $150 million in its IPO.

Didi Chuxing received approval to test its self-driving vehicles on the public roads of California which marks its first autonomous testing license granted in the US.

Walmart purchased a 77% stake in Flipkart for $16 billion.

Slack surpassed 8 million daily active users of which 3 million are paying users.

The news articles and links presented below are available for your reference.

Avalara

"Fast-growing Sales Tax Automation Company Avalara Files For $150 Million IPO"

Didi Chuxing

“China’s Didi Gets Approval to Test Autonomous Cars in California"

Flipkart

“Walmart Has Confirmed it is Buying a Majority Stake in India’s Flipkart for $16 Billion"

Slack

“Slack Hits 8 Million Daily Active Users with 3 Million Paid Users"