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.

Ride Hailing

Study suggests most Uber and Lyft drivers in Seattle not poorly paid

Most ride-hail workers in Seattle are part-time drivers whose earnings are roughly in line with the city’s median, a study of data provided by Uber and Lyft showed, defying s...

River Thames Uber

London river service to become Uber Boat under new deal

A London riverboat service used by commuters and visitors will be re-branded Uber Boat by Thames Clippers later this summer as part of a deal with the ride-hailing app.

SoftBank

SoftBank-backed start-ups among those approved for US paycheck loan program

Four tech start-ups backed by SoftBank Group Corp’s $100 billion Vision Fund were among the small companies approved for a US COVID-19 pandemic aid program, according to data...

Uber

Uber scoops up Postmates for $2.65 billion in diversification move

Uber Technologies has said it would acquire Postmates for $2.65 billion to expand its food delivery market share and significantly increase the business of supplying everyday goods...

Uber Technologies

Uber widens taxi app to Japan’s Tokyo but ride-sharing still barred

Uber Technologies launched a ride-hailing smartphone application in Tokyo on Friday in partnership with three domestic taxi firms, even as strict regulations block its popular ride...

Uber Technologies

Uber extends mask requirements for drivers and riders

Uber Technologies extended indefinitely a requirement for drivers and riders on its platform to wear a face covering or mask and launched a new campaign video to educate users abou...

Uber Bus

Uber bus just around the corner on post-COVID-19 public transit map

Urban transportation’s transformation has shifted up a gear as the coronavirus crisis turns travel habits on their head, with Uber making allies of public transit systems by ...

India China

Start-ups in India downplay Chinese links amid wave of anti-China sentiment

Indian start-ups with Chinese funding and Chinese smartphone makers are actively touting their Indian-ness to users as they seek to address a growing wave of nationalism following ...

Didi V2X

Didi installs V2X equipment in Shanghai

Chinese ride-hailing giant Didi Chuxing, launched a test robotaxi service in a Shanghai suburb on Saturday after installing Vehicle to Everything (V2X) hardware throughout the area...

e-scooter

NYC legalises electric bikes and scooters, will create e-scooter pilot program

New York City Council approved several bills that will legalise the private use of electric scooters and bicycles in the city’s five boroughs, a change long-sought by food de...

Waymo

Volvo and Waymo partner to build self-driving cars

Waymo and the Volvo Cars Group have agreed to develop a self-driving electric vehicle designed for ride hailing use, as part of a new global partnership, the companies have said.

Deliveroo

UK watchdog affirms provisional blessing for Amazon’s Deliveroo deal

The UK’s competition regulator has affirmed its provisional clearance of Amazon’s purchase of a 16% stake in online delivery group Deliveroo but changed the basis of it...

Moscow Skyline

Yandex goes after full control of taxi business as ride-hailing bounces back

Russian internet giant Yandex is interested in taking full control of its Yandex.Taxi ride-hailing service, a joint venture with Uber which returned to pre-pandemic growth levels i...

Trump

Big Tech takes aim at Trump’s H1B visa decision

US President, Donald Trump has suspended the entry of some foreign workers in a bid to boost domestic hiring, sparking opposition from corporate America and tech sector executives.