Uber Technologies Inc on Wednesday reported its second quarterly operating profit as demand for its ride-hailing service approached pre-pandemic levels and its food delivery business turned profitable for the first time. The company’s first-quarter outlook fell short of Wall Street expectations as the Omicron coronavirus variant dampens travel, but Uber Chief Executive Dara Khosrowshahi said business had started… Continue reading Uber posts quarterly profit on strong delivery, recovering ride demand
Tag: Didi
Uber wrapped 2021 with strong revenue growth and greater adjusted profitability
Today after the bell, Uber reported its fourth-quarter financial performance. The company saw $25.9 billion in gross platform spend, up 51% compared to its year-ago result, and revenues of $5.78 billion, up 83% compare to Q4 2020. The company also reported GAAP net income of $0.44 per share, though that number did include non-operating items… Continue reading Uber wrapped 2021 with strong revenue growth and greater adjusted profitability
@Renault-Nissan-Mitsubishi: Alliance Ventures closely monitors the Mobility innovation ecosystem – New Mobility
ALLIANCE VENTURE’S 5 INNOVATION TERRITORIESAlliance Ventures focuses its strategic investments over 5 Innovation Territories which have been closely tracked since 2018:• New Mobility• Autonomous Driving• Electric Vehicle, Cleantech & Energy• Connected Services• Enterprise 2.0 OUR INSIGHTS ON THE NEW MOBILITY INNOVATION ECOSYSTEMWe would like to share our vision and analysis of each Innovation Territory, starting… Continue reading @Renault-Nissan-Mitsubishi: Alliance Ventures closely monitors the Mobility innovation ecosystem – New Mobility
Bolt raises $709M at an $8.4B valuation to expand its transportation and food delivery super app
Economies of scale are an essential cornerstone for on-demand companies, and to that end one of the hopefuls in the space has raised a big round to grow its business. Bolt — the startup and app of the same name that operates on-demand ride hailing, shared cars and scooters; and restaurant and grocery delivery —… Continue reading Bolt raises $709M at an $8.4B valuation to expand its transportation and food delivery super app
Didi posts 1.7% drop in Q3 revenue amid China clampdown
This month, Didi’s board also authorized a listing of its class A ordinary shares on the main board of the Hong Kong Stock Exchange. Go to Source
Didi revenue falls as China’s regulatory crackdown hits business
A sign of Chinese ride-hailing service Didi is seen on its headquarters in Beijing, China July 5, 2021. REUTERS/Tingshu Wang Register now for FREE unlimited access to Reuters.com Register Dec 29 (Reuters) – China’s ride-hailing firm Didi Global on Wednesday reported a 1.7% decline in third-quarter revenue, as its domestic business took a hit from… Continue reading Didi revenue falls as China’s regulatory crackdown hits business
China’s Didi may enter Hong Kong bourse through ‘listing by introduction’
China’s ride-hailing giant Didi Global plans to use a mechanism that will allow it to list shares in Hong Kong without raising capital or issuing new stock as it seeks to delist from New York, two people with knowledge of the matter said. The plans come as Didi is moving towards withdrawing from the New York Stock Exchange under… Continue reading China’s Didi may enter Hong Kong bourse through ‘listing by introduction’
Indians hungry for tech, Tesla and meme stocks in US
GME and AMC were the top stocks on the Vested platform for almost four weeks. As the year progressed, the interest in these companies waned and investors sold their stocks. Both GME and AMC are now part of the top 10 most sold stocks on Vested for 2021. 2021 was quite the year for Wall… Continue reading Indians hungry for tech, Tesla and meme stocks in US
FOR-U Smart Freight Named on Global Unicorn Index 2021 by Hurun Research Institute
BEIJING, Dec. 27, 2021 /PRNewswire/ — On December 20, the Hurun Research Institute released its Global Unicorn Index 2021, a list of unlisted companies founded after 2000 that are now worth more than $1 billion. Ranked on the list was FOR-U Smart Freight, the only road freight platform from mainland China to make the list, the… Continue reading FOR-U Smart Freight Named on Global Unicorn Index 2021 by Hurun Research Institute
China proposes new approval framework for overseas IPOs
China‘s securities regulator on Friday proposed tightening rules governing Chinese companies listing abroad, which it said would improve oversight while allowing them to continue to do so. The China Securities Regulatory Commission (CSRC) said on its website that it had proposed establishing a new framework for the overseas listing of Chinese firms. The draft rules extend CSRC’s oversight on offshore listings of Chinese companies… Continue reading China proposes new approval framework for overseas IPOs