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.
Macron bemoans nonsense innovation, takes aim at Chinese and US tech bonanza
French President Macron has called out what he described as excesses of liquidity in the US and Chinese financial markets, some of which he said could instead foster the growth of ...
China’s Didi reveals US IPO filing, sets stage for blockbuster float
Didi Chuxing, China’s biggest ride-hailing firm, has made public its filing for a US stock market listing, setting the stage for what is expected to be the world’s bigg...
Airbnb bookings jump 52% as vaccinations spur vacation rental demand
Airbnb Inc beat Wall Street expectations for first-quarter gross bookings and revenues, as speedy COVID-19 vaccinations and easing restrictions encouraged more people to check into...
Delivery Hero goes back to its roots with Berlin re-launch
Delivery Hero, the food delivery company that spans over 50 countries, is relaunching operations in its home city of Berlin as a first step towards winning back the German market i...
Tech selloff in focus as Nasdaq falls away from record highs
Wall Street’s main indexes tumbled on Tuesday, with the Nasdaq opening down 2% before steadying a bit, as technology-related stocks with lofty valuations extended losses amid...
Gig-economy riders in Spain must become staff within 90 days under new rule
Food delivery companies based in Spain have three months to employ their couriers as staff under new rules approved on Tuesday by the government, one of the first laws in Europe re...
Uber narrows loss on food-delivery growth, cost cuts, but ride-hail demand flat
Uber Technologies has said its food-delivery business continued to grow despite signs of US recovery from the COVID-19 pandemic, but ride-hail bookings were flat from the previous ...
Lyft sees sustained profit starting in third quarter on cost cuts, demand rebound
Ride-sharing challenger Lyft has surprised Wall Street with significantly lower losses than expected and said it would deliver dependable profit on an adjusted basis beginning in t...
Uber, Lyft have a California playbook to fight proposed US rules on workers
Uber, Lyft and other gig-economy companies face a new challenge from the Biden administration to their use of contract workers, but as they gear up for a fight in Washington they c...
Uber app to enable US users to book vaccines and rental cars
Uber Technologies has said it is launching new features in its app to allow US customers to book COVID-19 vaccine appointments and reserve rental cars.
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...