Value of online transactions, from retail to ride-hailing, expected to reach US$300 bil by 2025.
The investigation follows multiple complaints accusing Grab of monopolistic practices following the merger with Uber.
Indonesia’s digital payments industry is a booming sector where many don’t have bank accounts and they increasingly use smartphones for transactions.
Shamsubahrin Ismail says it is a step backwards for people and the nation if the government decides to go on with the proposal to introduce motorcycle ride-hailing service Gojek in Malaysia.
Uber reports second-quarter adjusted sales that fell short of estimates and posts a net loss of US$5.24 billion.
Lyft’s second-quarter loss increased 12% to US$197 million, but the price increases should help narrow losses.
Uber can’t keep up with its growth and has to downsize a section of the company.
In much of sub-Saharan Africa there are low levels of personal car ownership and rapidly expanding populations which makes ride-hailing a popular option for public transport.
A move into banking would represent both a shift for Grab and fresh competition for Singapore’s banking landscape.
Uber will begin test flights of the pilotless aircraft in Melbourne and US cities Dallas and Los Angeles in 2020 before commercial operations begin in 2023.
This programme is designed specifically to attract drivers who may not even have enough credit to get a traditional car loan of any kind.
Labour trends like working remotely or from home had contributed to the reduced interest in cars.
Uber sells 180 million shares for US$45 each, having marketed them for US$44 to US$50 apiece.
One analyst crunched the numbers to find plenty of promise: He figures Masayoshi Son has already made close to US$9 billion on paper.
Lyft anticipates sales of US$3.28 billion to US$3.3 billion for 2019, which is above estimates.
Grab expects to invest a significant portion of the funds in Indonesia.
Careem, founded in 2012, has a larger presence in the Middle East, North Africa, Pakistan, and Turkey operating in 98 cities there compared to Uber's roughly 23 locations.
The move is aimed to protect the interests of drivers and consumers said the director general of land transportation at Indonesia’s Ministry of Transportation.
The money from Hyundai's subsidiary Kia Motors will largely be used to help Ola increase its electric vehicle fleet.
The case was filed in August 2013 and stated Uber classified drivers as contractors to avoid paying them minimum wage and providing benefits.
Grab continues to see strong interest from global investors.
Uber Technologies was reportedly planning such awards for a 'significant' portion of its 3 million drivers.
2,000 employees, or 15% of current staff, would be laid off as part of Didi's reorganisation effort.
It is also ranked fifth in the world, with Malaysians spending an average of two hours and 58 minutes on social media each day.