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.

President Macron

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 ...

Didi V2X

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...

Platform News: Airbnb

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...

Platform Industry: Delivery Hero app

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...

Platform News: Wall Street in New York

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...

Platform News: Delivery Services across the world

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...

Platform News: Ride-hailing app Uber Technologies

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 ...

Platform News: Lyft ride-hailing app is part of the sharing economy

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...

Platform News: US ride-hailing services Lyft and Uber

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...

Platform News: Ride-hailing app Uber Technologies

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 Delivery

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-...

Platform Industry: Delivery Hero app

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

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...

Singapore's Grab

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...