Ride Hailing
Uber and Lyft want more public subsidies to meet California EV mandates
California clean-air regulators want nearly all trips on Uber and Lyft ride-hailing platforms to be in electric vehicles, mandating costly measures that the companies call unrealis...
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 ...
Didi Chuxing picks Goldman and Morgan Stanley for its US IPO
China’s top ride-hailing firm Didi Chuxing has mandated Goldman Sachs and Morgan Stanley to lead its blockbuster IPO and plans to file confidentially for the New York float t...
Uber and Lyft tout US ride-hail driver pay, incentives amid growing demand
Uber and Lyft said US drivers on their ride-hail platforms were earning significantly more than before the pandemic as trip demand outstrips driver supply, prompting the companies ...
Uber reduces losses on food delivery expansion, uptick in ride bookings
Uber posted a narrower loss as its ride-hail and delivery businesses rebounded slightly from pandemic lows, and the company said it was well on track to reach its goal of achieving...
Lyft says recovery in ride-hailing could bring third-quarter profit
Ride-hailing player, Lyft Inc has said it could make an adjusted profit by the third quarter of this year despite the pandemic thanks to additional cost cuts and an expected reboun...
Southeast Asia’s Grab considering US IPO this year
Southeast Asian ride-hailing and food delivery giant Grab is researching a list in the United States this year, encouraged by strong investor appetite for IPOs, a number of sources...
Grab raises $300 million for FinTech arm’s ambitious expansion
Southeast Asian ride-hailing and food delivery giant Grab has raised over $300 million from investors headed by South Korea’s Hanwha Asset Management for its rapidly-expandin...
Uber launches feature in US to let customers reserve rides in advance
Uber Technologies has said it would roll out a new feature in the United States which will enable customers to book scheduled trips up to 30 days in advance.
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...