Articles tagged “ridehailing”

Uber Plans On Disrupting Itself With All Kinds of Transport

Uber Plans On Disrupting Itself With All Kinds of Transport

Eric Newcomer, Bloomberg

As the company prepares for its IPO, it wants investors to know that its ambitions are big. But it's hard to imagine scooters becoming wildly popular, and it's an expensive investment, especially at a time when growth of its core business is slowing.

2 weeks ago

Singapore Proposes Stricter Ridehailing Rules Because the Services Are the Same

Singapore Proposes Stricter Ridehailing Rules Because the Services Are the Same

Youlim Lee, Bloomberg

With more players in the market, Singapore no longer sees ridehailing firms as technology, but transport companies which should be subject to the same rules as street-hail operators. Safety is another big issue.

4 weeks ago

Investor in Dubai Ridehailing Service Careem Backs Uber Merger

Investor in Dubai Ridehailing Service Careem Backs Uber Merger

Francine Lacqua and Matthew Martin, Bloomberg

A blessing from Kingdom must be sweet news for Uber, which has been in talks to buy a majority share of its rival in Dubai. Whether it means much remains to be seen.

4 weeks ago

Grab Is Hiring Tech Talent to Become Southeast Asia’s First Super App

Grab Is Hiring Tech Talent to Become Southeast Asia’s First Super App

Raini Hamdi, Skift

Grab will hire an additional 1,000 tech employees in 2019, after doubling the number of software engineers, data scientists, and analysts it added this year to 2,000. A look at its next R&D hiring plan gives a few hints on what it is working on.

2 months ago

Grab’s $100 Million Investment in Oyo Is Part of SoftBank’s Bigger Plan

Grab’s $100 Million Investment in Oyo Is Part of SoftBank’s Bigger Plan

Raini Hamdi, Skift

Grab’s $100 million investment in Oyo is just the start of a strategy to have a tag-team under the same major investor, which is leveraging the strengths of each member of its portfolio. Expect to see more "teams of unicorns" attacking incumbents in the next year or so.

2 months ago

Grab’s Tie-Up With Indonesia Tourism Gives a Glimpse of Ambitions Beyond Ridehailing

Grab’s Tie-Up With Indonesia Tourism Gives a Glimpse of Ambitions Beyond Ridehailing

Raini Hamdi, Skift

Grab’s partnership with Indonesia’s tourism ministry, the first of its kind between a national tourism body and a ridehailing platform, reveals one of the initial ways it is trying to become Southeast Asia’s super app for a plethora of travel services.

3 months ago

Here’s Why Hyundai Is Investing Another $250 Million in Ridehailing Service Grab

Here’s Why Hyundai Is Investing Another $250 Million in Ridehailing Service Grab

Raini Hamdi, Skift

Grab is the go-to for motor companies wanting a piece of Southeast Asia’s future mobility market, as Hyundai’s additional tenfold investment shows.

4 months ago

Booking Holdings Invests $200 Million in Grab as Ridehailing Becomes More Strategic

Booking Holdings Invests $200 Million in Grab as Ridehailing Becomes More Strategic

Dennis Schaal, Skift

It's becoming increasingly clear that online travel players will try to leverage the heck out of connections between food delivery, ridehailing, and booking hotels. Uber and Lyft will undoubtedly become a bigger part of the action, as well.

4 months ago

Uber Sells Southeast Asian Operation to Grab in Yet Another Foreign Exit

Uber Sells Southeast Asian Operation to Grab in Yet Another Foreign Exit

Yoolim Lee and Eric Newcomer, Bloomberg

The Southeast Asia sale to Grab follows Uber's exits in China and Russia as the company tries to get profitable ahead of an initial public offering. Uber retains stakes in these operations so one day it will share in the wealth.

11 months ago