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.
US tech firms can compensate gig-workers with equity under SEC proposal
The US securities regulator has proposed a pilot program to allow tech firms such as Uber and Lyft to pay gig workers up to 15% of their yearly compensation in equity rather than c...
UK warns tech firms over risks of China expansion
The UK’s digital and tech businesses must be wary of the ethical, legal and commercial risks of expanding to China and accepting Chinese investment, according to a UK governm...
Uber launches feature in US to let customers reserve rides in advance
Uber Technologies has said it would roll out a new feature in the United States which will enable customers to book scheduled trips up to 30 days in advance.
California likely to pass proposition to treat Uber drivers as contractors
Voters in California backed a ballot proposal by Uber and its allies who cements app-based food delivery and ride-hail motorists’ status as independent contractors, not emplo...
Court rules that California Uber drivers could not establish ‘political coercion’
A California court has denied an application for a temporary restraining order by the nation’s Uber drivers, saying the drivers could not set the alleged “political coe...
Thai Siam Commercial Bank launches food delivery app
Thailand’s Siam Commercial Bank (SCB) has just established a food delivery platform, Robinhood, amid growing competition in the sector in Southeast Asia’s second market...
Didi lines up 2021 IPO in Hong Kong, targets more than $60 billion valuation
China’s leading ride-hailing business Didi Chuxing is considering Hong Kong to get a multibillion-dollar first public offering next year, falling previous aims to list in New...
Uber launches medicines delivery service in South Africa
Uber Eats’ South African unit has expanded its delivery offerings, launching an app-based over-the-counter medicines service as it seeks to claw market share in the fast-grow...
South Korea food delivery giants rev up rider race amid COVID-19 boom
In South Korea, a number of the world’s biggest food delivery firms are scrambling to browse an estimated $4 billion wave of fresh orders, contracting tens of thousands of ne...
London Stock Exchange in talks with Indian tech firms to list overseas
The London Stock Exchange is in discussions with several Indian technology companies for their overseas stock listings, a senior executive for the British exchange told journalists...
Wanted: global digital tax push after pandemic, US vote stall talks
Negotiators from 140 countries will inquire Washington and its own G20 partners this week to reaffirm political support for global rules to tax digital giants following the coronav...
Didi Chuxing partners with WhatsApp for ride-hailing in Brazil
Brazilian ride-hailing support 99, controlled by China’s Didi Chuxing Technology, has partnered with WhatsApp to accept orders on the conversation platform possessed by Faceb...
Uber and Lyft spend big in California to oppose gig-worker law
Uber and Lyft collectively are spending nearly $100 million on a November California ballot initiative to overturn a state law that would compel them to classify drivers as workers...
London transport regulator strips Ola’s operating licence over public safety failings
London’s public transport authority stripped Indian ride-hailing firm Ola of its London operating license, stating that the cab app wasn’t “fit and proper” ...