Sharing Economy

Yandex Delivery

Russia’s Yandex restructures JV ownership with Uber in $1 billion deal

Yandex has said it would buy Uber’s stakes in their joint FoodTech, delivery and self-driving businesses, and increase its stake in a mobility-focused joint venture as part o...

Platform News: Uber Technologies app

Uber proposes industry-wide gig worker benefits model in Canada

Uber Technologies Inc has proposed a plan for a flexible benefits fund for app-based ride-hail and food delivery drivers in Canada under which all gig industry players would share ...

Didi V2X

Didi suspends UK launch plans amid China crackdown on tech firms

Chinese ride-hailing giant Didi Global Inc has suspended its plans to launch in Britain and continental Europe, The Telegraph has reported, against the backdrop of a regulatory bac...

Platform News: Delivery Services across the world

Takeaway.com posts operating loss of $224 million, sees improvement in second half

App-based delivery giant Just Eat Takeaway.com has reported a better-than-expected operating loss of 190 million euros (approximately $224 million) for the first half of 2021.

Didi V2X

China’s Didi improves pay transparency for drivers

Didi Global Inc has said it will provide its drivers in several Chinese cities with more details on the fees they receive, the first big move by the ride-hailing giant after state ...

Platform News: US ride-hailing services Lyft and Uber

Uber and Lyft take different spending routes in race to add drivers

A return to business as usual for Uber Technologies Inc and its rival Lyft Inc has thrown up a new challenge to the ride-hailing firms looking for profitability – spend more ...

Platform News: Ride-hailing app Uber Technologies

Uber posts $509 million adjusted loss on driver incentives even as trips rise

Uber Technologies Inc reported widening losses as it spent more to entice drivers to return to its platform, sending shares of the ride-hail and food delivery company down in after...

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

Lyft posts adjusted profit ahead of target, but warns of driver shortage, Delta threat

Lyft Inc has posted an adjusted quarterly profit three months ahead of target, seizing on a leaner cost structure as rides rebounded, but it warned of ongoing driver shortages and ...

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

Argo AI, Ford and Lyft to launch self-driving ride-hail service

Self-driving start-up Argo AI, carmaker Ford Motor Co and ride-hail company Lyft Inc have said they partnered to offer robotaxi trips to Lyft customers in Miami and Austin.

Platform News: Fidji Simo

Instacart taps Facebook app head Simo as CEO

Instacart named Facebook Inc app head Fidji Simo as its CEO, adding big tech expertise ahead of an expected stock market listing by the US grocery delivery platform.

Platform News: China's Didi

What is driving China’s clampdown on Didi and data security?

China’s cyberspace regulator has launched a probe into ride-hailing giant Didi Global, calling for it to stop adding new users and for app stores to remove it, days after it ...

Platform News: Didi

Didi cybersecurity probe blindsides shareholders days after debut

Chinese regulators have gained a reputation for aggressive action, but even hardened investors were shocked by the announcement of a probe into ride-hailing firm Didi just two days...

Platform News: Didi

Didi app takedown may hit revenue, other US-listed Chinese firms probed

Ride-hailing giant Didi Global Inc said a regulatory order that its app be removed from app stores in China could hurt revenue, while other newly US-listed Chinese firms also found...

Platform Industry News: Ride-sharing driver

How do ride-hailing giants Didi and Uber compare?

Chinese ride-hailing giant Didi Global is set to make its trading debut on the New York Stock Exchange after an IPO that sources said raised $4.4 billion, valuing it at $67.5 billi...

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