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Wednesday, October 23, 2019

Tag: ride-sharing

Uber, Lyft and Starbucks among most popular business expenses

'If you’re a taxi owner/operator, you need to find a new business model because this trend is clear and continues to result in fewer taxi rides taken,', says Certify CEO Bob Neveu.

Grab to double Singapore staff to 3,000 in latest expansion

Grab will also add 1,000 technology jobs across its research and development centres around Asia.

Lyft’s IPO gives green light to tech companies going public

Lyft’s initial public offering could end up valuing the company at about US$25 billion – more than 60% above its last private valuation.

Grab considers raising more funds after US$4.5 billion financing round

Grab continues to see strong interest from global investors.

Indonesia’s Go-Jek enters Singapore, challenges Grab

Go-Jek is in the middle of a US$500 million (RM2 billion) expansion plan beyond its Indonesian base with a focus on Southeast Asia, and has recently introduced services in Vietnam and Thailand.

Uber goes to court to defend business model over UK worker...

An employment appeal tribunal upheld that decision last year prompting Uber to go to the Court of Appeal, with a two-day hearing due to begin on Tuesday.

Uber to appeal Singapore’s competition watchdog decision on Grab deal

Uber sold its Southeast Asian business to bigger regional rival Grab in March in exchange for a 27.5% stake in the Singapore-based firm.

Uber boosts junk-bond offering to US$2 billion

The ride-hailing firm had already gathered enough orders for the bond sale last week after a series of calls with investors.

Microsoft to invest in Grab

Other areas of the agreement include Grab adopting Microsoft's Azure as its preferred cloud platform and using it for data analytics and fraud detection services.

Uber back in China to bet on bikes, not ride-hailing

Uber’s new scooters will rely on a different assembler than those of rivals, such as Bird and Lime, whose scooters have sprung up overnight in US cities.

Uber fined US148 million in US

California, one of lead states in the settlement effort, will keep US$26 million, to be split between the state Attorney General's Office and the San Francisco District Attorney’s Office.

Singapore competition watchdog fines Grab, Uber SG$9.5 million

Uber sold its Southeast Asian business, including in Singapore, to bigger regional rival Grab in March in exchange for a stake in the Singapore-based firm.

Uber revs up Canadian operations with new AI funding

In recent months, Canada has attracted significant foreign investment in the field of artificial intelligence, including from Microsoft, Facebook, Google and Thales.

China halts ride-hailing service following murders

The victim was stabbed at least 20 times and the dead body was later found in a nearby river.

Grab expects to double revenue in 2019

Southeast Asia's largest ride-hailing service is amassing a mighty war chest and is on track to raise US$3 billion of funding before the end of this year.

Uber launches taxi-hailing app in Nagoya

The US firm says it is working with Fuji Taxi Group located near the heart of Japan's automaking heartland.

Didi woman passenger killed amid China ride-hailing safety concerns

Didi has been stepping up safety measures including for its carpooling service, Didi Hitch, after the murder of a flight attendant in May sparked wider community outrage.

How a crazy idea led this former journalist to US$3 billion...

In 2015, Hu Weiwei and her co-founders hatched the idea of pooling bicycles to help harried urbanites glide through worsening congestion.

Minister urges taxi drivers to use e-hailing apps

Minister in the PM's Department Nancy Shukri says e-hailing will enable taxi drivers not to lose out on earning more money with growing competition.

Grab takeover of Uber raises concern of monopoly

Talk of Uber leaving the Southeast Asia region by selling its business worries consumers and drivers as having no competition would only benefit Grab.

Report: Uber selling Southeast Asia operations to Grab

The size of the stake could be around 20% or more than 30%, US media reports say.

SoftBank Grabs a ticket to ride, and Uber’s stranded

Having already relinquished China to Didi Chuxing, Uber giving up on Southeast Asia would be a precursor to perhaps losing India and Japan too.

Grab said to be close to deal for Uber’s SEA business

Sources say it could be similar to Uber's deal with Didi Chuxing in China in 2016, when it sold its local operation in exchange for equity in the company.

South African police investigating after body found in torched Taxify car

He was likely to have been the victim of a turf war between the ride-sharing app, Taxify, and local taxies.