Tag: Uber

Didi seeks $1.5 bln car services spinoff ahead of likely IPO -sources

HONG KONG: Chinese ride-hailing giant Didi Chuxing Technology Co Ltd is looking to spin off its car services unit in a deal worth up to $1.5 billion, ahead of its expected initial public offering (IPO), people with direct knowledge of the matter said. While Didi has never confirmed its plans for an initial public offering,… Continue reading Didi seeks $1.5 bln car services spinoff ahead of likely IPO -sources

Lyft outlines bike and scooter plans

On the heels of Lyft’s acquisition of bike-share company Motivate, the company is gearing up to fully integrate bicycle and scooter sharing into the app. There’s no word on exactly when this will happen, but it’s likely this will happen soon. Lyft is also investing $1 million to advance transportation equity to people in underserved… Continue reading Lyft outlines bike and scooter plans

It is too early for regulation | NHTSA

In a statement, the NHTSA (National Highway Traffic Safety Administration) has declared a regulation premature. In the US, traffic law is in the hands of individual states. A nationwide regulation for dealing with autonomous driving is for the time being failed, Many companies now fear a patchwork of 50 different regulations from 50 different states.… Continue reading It is too early for regulation | NHTSA

Uber’s troubled culture persists, as sensitivity ‘blind spots’ raise new questions

Vipin Kumar | Hindustan Times | Getty Images A number of Uber employees have allegedly filed complaints against Uber’s chief operating officer, Barney Harford, for insensitive comments regarding women and minorities. On a conference call this spring with colleagues, Mr. Harford, the company’s chief operating officer, critiqued a new ad that showed a mixed-race couple,… Continue reading Uber’s troubled culture persists, as sensitivity ‘blind
spots’ raise new questions

Uber Invests in Scooter Startup Lime

Plus, Nordstrom plans to open smaller stores with no inventory and Topbox raises $5 million. July 13, 2018 1 min read Opinions expressed by Entrepreneur contributors are their own. Uber has announced that it is partnering with the electric scooter startup Lime. Uber will put its logo on the scooters and make Lime rentals available in the… Continue reading Uber Invests in Scooter Startup Lime

Uber and Lyft’s Never-Ending Quest to Crush Price Comparison Apps

For nearly as long as there have been ride-sharing services like Uber and Lyft, there have been apps that help riders compare fares and travel times. These aggregator apps allow riders to survey all the services in an area and check prices and wait times—an efficient version of what many do already. There are always… Continue reading Uber and Lyft’s Never-Ending Quest to Crush Price Comparison Apps

Malaysia studying monopoly risk in ride-hailing market after Grab-Uber deal

KUALA LUMPUR (Reuters) – Malaysia is studying monopoly risk in the ride hailing market following the merger of Grab and Uber, the transport ministry said on Wednesday. FILE PHOTO: A ComfortDelgro taxi passes Uber and Grab offices in Singapore March 26, 2018. REUTERS/Edgar Su/File Photo Uber Technologies Inc sold its Southeast Asian business to bigger… Continue reading Malaysia studying monopoly risk in ride-hailing market after Grab-Uber deal

In a 1st, Tata Motors picks up 26% in startup TruckEasy

MUMBAI: Tata Motors, the flagship of the $100-billion Tata Group, has picked up 26% in freight aggregator TruckEasy, marking its first stake-purchase in a domestic startup. The transaction, for which the investment amount wasn’t disclosed, gives Tata Motors two seats on the board of the three-year-old, Bengaluru-based TruckEasy. Tata Motors’ bet on TruckEasy could boost… Continue reading In a 1st, Tata Motors picks up 26% in startup TruckEasy