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.
Grab raises $300 million for FinTech arm’s ambitious expansion
Southeast Asian ride-hailing and food delivery giant Grab has raised over $300 million from investors headed by South Korea’s Hanwha Asset Management for its rapidly-expandin...
London resilient at top of European tech investment table despite COVID
London retained its position as the top European destination for tech venture capital in 2020, with levels near the record sum of the year before despite the impact of COVID-19, ac...
Gojek, Tokopedia in $18 billion merger talks for Indonesia’s biggest deal
Indonesian ride-hailing and payments company Gojek and e-commerce leader Tokopedia are in advanced talks to secure a $18 billion merger before a possible dual listing in Jakarta an...
China to crank up anti-trust heat on Big Tech after unprecedented fines
China’s unprecedented anti-trust squeeze onto its technology giants isn’t only just beginning.
Uber asks US states to prioritize its drivers for COVID-19 vaccine
Uber has sent letters to the governors of all US states, asking for the ride-hail and food delivery drivers to find early access to COVID-19 vaccines as essential employees.
DoorDash aims to double valuation in much-awaited IPO
DoorDash Inc said on Monday it’s aiming to raise up to $2.8 billion in an IPO, which could double the worth of their US food delivery start-up and also be one of 2020’s...
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...