Didi shows all Chinese tech giants must first answer to Beijing
Over the past year, Xi Jinping’s government has sought to gain control of the vast amounts of data held by large tech firms.
China blocks SoftBank-backed Didi from app stores days after U.S. IPO
The surprise probe and rapid decision by China’s powerful internet regulator piles on the scrutiny of Didi over issues ranging from antitrust to data security.
Toyota to buy self-driving division of U.S. ride-hailing firm Lyft
The purchase via Toyota unit Woven Planet Holdings Inc. aims to accelerate the auto giant's development of autonomous driving technologies.
From Harvard to Nasdaq listing: Grab CEO's ride to world's biggest SPAC deal
The CEO of Grab, a popular app to book taxis, order food and make payments in Southeast Asia, has always been determined to win — from making his firm the best-funded regional start-up to defeating behemoth Uber Technologies. On Tuesday, Anthony Tan set another record ...
Uber's U.K. driver benefits highlight broader gig-worker challenges
Uber has said it wants to expand limited benefits similar to those offered to drivers in the U.K. across all of Europe and the United States.
SoftBank sells $2 billion in Uber stock as services recover
Uber's food delivery business has surged during the pandemic, making up for losses suffered by its ride-hailing service.
SoftBank’s Masayoshi Son reportedly brokering a Grab-Gojek truce
A key sticking point remains whether the two companies merge all operations or whether Grab acquires Gojek’s business only in Indonesia.
Uber and Lyft drivers win unemployment insurance payments in New York
A federal judge ruled Tuesday that New York Department of Labor was taking too long to make payments, citing a backlog of claims by the ride-share drivers.
MUFG Bank to invest ¥80 billion in ride-hailing service Grab
MUFG Bank will form a capital and business alliance with Singapore-based ride-hailing service Grab, with the view to collaborating on retail financial services, sources have said. The major Japanese bank, together with its group companies, will invest up to ¥80 billion (about $720 million) in ...
Major taxi operator Nihon Kotsu Co. and information technology firm DeNA Co. will integrate their taxi-hailing app businesses April 1. With their integrated services, over 100,000 taxis will be available for hailing, the companies said Tuesday. The integration is intended to increase cost competitiveness, improve customer ...
Crowded Lagos to ban commercial motorbikes from most of Nigerian metropolis
Nigeria's business capital of Lagos will ban commercial motorcycles from operating in large parts of the city, the state government announced on Monday, a move that could change the commute for thousands and threaten ride-hailing startups. The Lagos state government announced on Twitter that it ...
