Articles tagged “ride-hailing”

China’s Ridehailing Giant Didi to Cut 2,000 Jobs as It Revamps Strategy

China’s Ridehailing Giant Didi to Cut 2,000 Jobs as It Revamps Strategy

Lulu Yilun Chen, Bloomberg

Didi Chuxing has a string of problems now, among them a poor safety image, fresh competition from players such as Meituan Dianping and China's cooling economy. A re-evaluation of its businesses is needed.

1 month ago

Indonesia’s Go-Jek Seeks $2 Billion More in Funding as Startup Wars Heat Up

Indonesia’s Go-Jek Seeks $2 Billion More in Funding as Startup Wars Heat Up

Yoolim Lee, Crystal Tse and Joyce Koh, Bloomberg

This is a battle of titans in the ridehailing sector in Southeast Asia. And with Go-Jek and Grab angling to become the region's super-app, providing a plethora of services from insurance to payment, describing them as ridehailing players will soon no longer do.

1 month ago

Parent of Thailand’s Centara Hotel Chain Eyes a $200 Million Stake in Grab

Parent of Thailand’s Centara Hotel Chain Eyes a $200 Million Stake in Grab

Yoolim Lee and Natnicha Chuwiruch, Bloomberg

Thailand’s Central Group, which owns hotels, restaurants, supermarkets and department stores, now wants to grab a piece of ride hailing. Why not? For one, imagine the promotions it can push, via the Grab Thailand app, to a captive audience sitting restless in snarling traffic.

2 months ago

VW-Backed Gett Ponders Its Strategy as Other Ridehailing Apps Pull Ahead

VW-Backed Gett Ponders Its Strategy as Other Ridehailing Apps Pull Ahead

Giles Turner, Ruth David, and Manuel Baigorri, Bloomberg

Tel Aviv-based Gett aims to overtake Uber and Lyft. But some investors like Volkswagen and Vostok, a Swedish fund manager, aren't adding in more money. The lack of capital is hindering the startup's pace.

4 months ago