Sharing Economy News
Our latest news coverage of the sharing economy, from on-demand transportation and accommodation, through to personal services and peer-to-peer finance.
Beijing presses Didi to delist from US over data security fears
Chinese regulators have pressed top executives of ride hailing giant Didi to devise a plan to delist from the NYSE due to concerns about data security, two people with knowledge of...
China fines tech giants for failing to report 43 old deals
China’s market regulator said it was fining companies including Alibaba, Baidu and JD.com for failing to declare 43 deals that date as far back as 2012 to authorities, saying...
Deliveroo encouraged to seek more partners by Hop grocery trial
Deliveroo has seen a “really encouraging” response to its Deliveroo Hop dark-store rapid grocery trial, and said it would explore more partnerships with retailers using...
Uber introduces revamped shared rides offer in the US
Uber Technologies Inc has said it was resuming shared rides, which were scrapped during the pandemic, detailing a revamped offer aimed at reducing the previously high losses in the...
Sources: Didi prepares to relaunch apps in China, anticipates data probe will end soon
Didi Global is preparing to relaunch its ride-hailing and other apps in China by the end of the year in anticipation that Beijing’s cybersecurity investigation into the compa...
US sues Uber over alleged disability discrimination
The US Justice Department sued Uber Technologies over allegations of overcharging disabled passengers, and asked a federal court to order compliance with an anti-discrimination law...
Takeaway.com shares slip as US rival DoorDash enters Europe
Just Eat Takeaway.com’s shares slipped after news that US rival DoorDash is entering the European market, prompting a key shareholder to call for a strategy change at Europe&...
Rappi hopes to be operating as digital bank in Colombia by early 2022
Delivery mobile application Rappi hopes to get regulatory approval to operate as a digital bank in Colombia in the first quarter of next year, an executive has said.
SoftBank dragged into red by falling Vision Fund valuations
SoftBank Group Corp reported a 397 billion yen (approximately $3.5 billion) net loss for the July-September quarter, dragged down by a $10 billion investment loss at its Vision Fun...
Airbnb revenue surges as countries open up for vaccinated travelers
Airbnb Inc’s quarterly revenue topped Wall Street expectations and the short-term home rental company said, a rebound in global travel amid rising vaccination rates in the la...
Uber makes first operating profit as driver shortage eases
Uber has reported its first profitable quarter on an adjusted basis since it launched more than a decade ago with its two most important segments, ride-hailing and restaurant deliv...
Delivery app Rappi says no action taken yet on eventual IPO
Delivery app Rappi has said it had not yet taken any action regarding an initial public offering, after media quoted its co-founder saying it would prepare listing paperwork in the...
Lyft soars as company charts a path out of the pandemic
Lyft Inc shares soared more than 13% in extended trading after the company reported an adjusted profit for the third quarter and outlined a path to sustained profitability on the b...
Platform stampede as investors hunt Latin American unicorns
When Sebastian Kanovich co-founded Latin American digital payments start-up dLocal in Montevideo in 2016, he struggled to get global retailers to take him seriously.
Alphabet’s Wing project unveils new drone delivery model in Texas
Wing has said that Walgreens will use its new drones to make deliveries from a store in Texas, in the first use of such vehicles in a major US metro area.