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.

Platform News: Didi

Beijing presses Didi to delist from US over data security fears

Chinese regulators have pressed top executives of ride hailing giant Didi to devise a plan to delist from the NYSE due to concerns about data security, two people with knowledge of...

Alibaba Office Building

China fines tech giants for failing to report 43 old deals

China’s market regulator said it was fining companies including Alibaba, Baidu and JD.com for failing to declare 43 deals that date as far back as 2012 to authorities, saying...

Deliveroo

Deliveroo encouraged to seek more partners by Hop grocery trial

Deliveroo has seen a “really encouraging” response to its Deliveroo Hop dark-store rapid grocery trial, and said it would explore more partnerships with retailers using...

Platform News: Uber Technologies app

Uber introduces revamped shared rides offer in the US

Uber Technologies Inc has said it was resuming shared rides, which were scrapped during the pandemic, detailing a revamped offer aimed at reducing the previously high losses in the...

Platform News: Didi

Sources: Didi prepares to relaunch apps in China, anticipates data probe will end soon

Didi Global is preparing to relaunch its ride-hailing and other apps in China by the end of the year in anticipation that Beijing’s cybersecurity investigation into the compa...

Platform News: Ride-hailing app Uber Technologies

US sues Uber over alleged disability discrimination

The US Justice Department sued Uber Technologies over allegations of overcharging disabled passengers, and asked a federal court to order compliance with an anti-discrimination law...

DoorDash app-based delivery

Takeaway.com shares slip as US rival DoorDash enters Europe

Just Eat Takeaway.com’s shares slipped after news that US rival DoorDash is entering the European market, prompting a key shareholder to call for a strategy change at Europe&...

Platform News: Delivery Services across the world

Rappi hopes to be operating as digital bank in Colombia by early 2022

Delivery mobile application Rappi hopes to get regulatory approval to operate as a digital bank in Colombia in the first quarter of next year, an executive has said.

Platform News: Japan's SoftBank

SoftBank dragged into red by falling Vision Fund valuations

SoftBank Group Corp reported a 397 billion yen (approximately $3.5 billion) net loss for the July-September quarter, dragged down by a $10 billion investment loss at its Vision Fun...

Platform News: Airbnb

Airbnb revenue surges as countries open up for vaccinated travelers

Airbnb Inc’s quarterly revenue topped Wall Street expectations and the short-term home rental company said, a rebound in global travel amid rising vaccination rates in the la...

Platform News: Ride-hailing app Uber Technologies

Uber makes first operating profit as driver shortage eases

Uber has reported its first profitable quarter on an adjusted basis since it launched more than a decade ago with its two most important segments, ride-hailing and restaurant deliv...

Platform News: Delivery Services across the world

Delivery app Rappi says no action taken yet on eventual IPO

Delivery app Rappi has said it had not yet taken any action regarding an initial public offering, after media quoted its co-founder saying it would prepare listing paperwork in the...

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

Lyft soars as company charts a path out of the pandemic

Lyft Inc shares soared more than 13% in extended trading after the company reported an adjusted profit for the third quarter and outlined a path to sustained profitability on the b...

NuBank

Platform stampede as investors hunt Latin American unicorns

When Sebastian Kanovich co-founded Latin American digital payments start-up dLocal in Montevideo in 2016, he struggled to get global retailers to take him seriously.

Platform News: Alphabet and Google search engine

Alphabet’s Wing project unveils new drone delivery model in Texas

Wing has said that Walgreens will use its new drones to make deliveries from a store in Texas, in the first use of such vehicles in a major US metro area.