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.
Yandex to launch e-grocery delivery in Paris then London
Yandex is set to launch its online grocery delivery in Paris in the second quarter of this year, the company said on Friday, after strong demand in Russia during the ongoing COVID-...
E-commerce pioneer Wenzel launches ‘Amazon on steroids’
Ralf Wenzel, formerly of Delivery Hero and Softbank Group, is launching a global rapid delivery retail platform, entering a field that is attracting huge investment and experiencin...
Deliveroo hails doubling in orders as seeks IPO redemption
Deliveroo said a more-than doubling in first quarter orders during coronavirus lockdowns was an initial step in proving itself following the debacle of the food delivery company...
Grab to go public in world’s biggest $40 billion SPAC merger
Grab Holdings, the largest ride-hailing and food delivery firm in Southeast Asia, clinched a merger with special-purpose acquisition company Altimeter Growth Corp securing a valuat...
Just Eat Takeaway says first-quarter orders up 79% to 200 million
Food ordering and delivery company Just Eat Takeaway.com said has said its first-quarter orders rose by 79% to 200 million orders from 112 million a year earlier.
Chinese tech start-ups pull IPO plans as Beijing tightens scrutiny
A growing number of Chinese tech start-ups are cancelling plans to list on Nasdaq-style markets at home with some eyeing Hong Kong share sales instead, as regulators tighten scruti...
Didi Chuxing picks Goldman and Morgan Stanley for its US IPO
China’s top ride-hailing firm Didi Chuxing has mandated Goldman Sachs and Morgan Stanley to lead its blockbuster IPO and plans to file confidentially for the New York float t...
China’s antitrust regulator bulking up as crackdown on behemoths widens
China’s competition watchdog is adding staff and other resources as it ramps up efforts to crack down on anti-competitive behaviour, especially among the country’s powe...
Uber and Lyft tout US ride-hail driver pay, incentives amid growing demand
Uber and Lyft said US drivers on their ride-hail platforms were earning significantly more than before the pandemic as trip demand outstrips driver supply, prompting the companies ...
Deliveroo aims for $12 billion market cap in huge London debut
Food delivery company Deliveroo could make Britain’s biggest stock market debut since commodities giant Glencore went public nearly a decade ago, after setting a price range on Mon...
Uber’s UK driver benefits highlight broader gig-worker challenges
Uber’s proposal to expand benefits to UK drivers following a court defeat last month has not put an end to the fight for better gig-worker pay in Britain and around the world...
Deliveroo aims to sell $1.4 billion of new shares in upcoming IPO
UK food delivery company Deliveroo has said that it plans to sell around GBP 1 billion (approximately $1.39 billion) of new shares in its upcoming initial public offering.
Deliveroo launches London IPO after business surges in 2020
British food delivery firm Deliveroo announced plans to launch its hotly anticipated London listing on Monday after recording a surge in business during the COVID-19 pandemic, alth...
Lyft focuses on OAP’s with feature to book rides by call
North American ride sharer, Lyft has introduced a service that would let users request a ride by call, without needing the app, in a bid to make its ride-hailing service more conve...