Ride Hailing
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...
South Korea food delivery giants rev up rider race amid COVID-19 boom
In South Korea, a number of the world’s biggest food delivery firms are scrambling to browse an estimated $4 billion wave of fresh orders, contracting tens of thousands of ne...
Didi Chuxing partners with WhatsApp for ride-hailing in Brazil
Brazilian ride-hailing support 99, controlled by China’s Didi Chuxing Technology, has partnered with WhatsApp to accept orders on the conversation platform possessed by Faceb...
Uber and Lyft spend big in California to oppose gig-worker law
Uber and Lyft collectively are spending nearly $100 million on a November California ballot initiative to overturn a state law that would compel them to classify drivers as workers...
Judge to rule whether Uber deserves new London licence
A British judge is set to inform Uber today if it has won back its London operating licence after it was eliminated over security concerns, the most recent period of a long-running...
Didi and BYD to launch co-designed ride-hailing EV in China
BYD received approval from China’s Ministry of Industry and Information Technology to market an electrical sedan version known as D1 last month, based on government records. ...
Uber says it is fit and proper in battle to win back London licence
Ride-hailing leader Uber Technologies have told a London court it had addressed concerns over safety as it struggles to win back its operating licence in a few of its main markets,...
Uber attempts to win back London licence in latest court battle
Ride-hailing app Uber will battle in court Tuesday to win back its licence to operate in London after the city’s transportation regulator eliminated it over safety issues.
California court ruling gives voters last word over ride-sharing protections
A California appeals court avoided a shutdown of ride-hailing services Uber and Lyft in the state, effectively handing a decision over gig worker benefits and cover voters in a Nov...
Uber to operate food delivery even if ride-sharing business forced shut in California
Uber Technologies has said it would continue operating its revenue-generating food delivery company Uber Eats even if its ride-hail business should be pushed shut in California at ...
Judge blocks Uber and Lyft from classifying drivers as contractors
A California judge has granted the state’s petition for a preliminary injunction blocking Uber Technologies and Lyft from classifying their drivers as independent contractors...
Ride-hail drivers face tough choices as US aid expires
Uber driver Johan Nijman faces a challenging decision as unemployment aid expires: risk failing to pay for groceries and even lose his home, or resume driving and catch coronavirus...
Uber rides take pandemic hit but food-delivery business soars
Homebound clients of Uber Technologies more than doubled their orders from the company’s food-delivery service in the next quarter but need for ride-hailing trips only margin...
Grab expands finance business with consumer loans services and wealth management
Asian ride-hailing business Grab has deepened its financial services push by announcing that it will offer consumer loans services in Singapore and roll-out wealth management produ...