Articles tagged “ridehailing”

Why SoftBank’s Second $108 Billion Vision Fund Matters to Travel

Why SoftBank’s Second $108 Billion Vision Fund Matters to Travel

Pavel Alpeyev, Bloomberg

With a second Vision Fund, Japan has emerged as the dominant driver of key technologies, many of which apply to travel and tourism. While the first staked ridehailing and the future of work technologies, the second is said to eye opportunities in artificial intelligence and autonomous driving.

4 weeks ago

Japan’s Ridehailing Ban Forces Uber to Think Up Unique Strategies

Japan’s Ridehailing Ban Forces Uber to Think Up Unique Strategies

Takahiko Hyuga and Pavel Alpeyev, Bloomberg

Uber wants to grow in Japan, home to its biggest investor. But ridehailing is banned there. What's a person to do? Come up with innovations, some of which it can carry globally. Here's how.

2 months ago

Grab Invests in Splyt to Give Users a One-App Ridehailing Solution Globally

Grab Invests in Splyt to Give Users a One-App Ridehailing Solution Globally

Raini Hamdi, Skift

What if you could use your everyday ridehailing app anywhere in the world? No more cumbersome downloads of another app or losing loyalty points from your app. That’s what Grab wants to achieve with its investment in Splyt. Too good to be true?

2 months ago

Waymo to Launch Ridehailing Robotaxis in France and Japan

Waymo to Launch Ridehailing Robotaxis in France and Japan

Michael Liedtke, Associated Press

Will Waymo pose a serious challenge to Uber with its autonomous ridehailing service? First it has to ensure a robot can do the job as well — if not better — than a human.

2 months ago

Grab Enters Travel Booking With Hotels Now and Flights Next

Grab Enters Travel Booking With Hotels Now and Flights Next

Raini Hamdi, Skift

In the face of a fast-growing and innovative rival, Grab’s foray into travel, starting with hotels, could give it an edge over archrival Go-Jek, which does not do travel — yet.

4 months ago

Lyft’s Good Problem to Have: Its IPO Is Oversubscribed

Lyft’s Good Problem to Have: Its IPO Is Oversubscribed

Olivia Zaleski and Eric Newcomer, Bloomberg

Looks like Lyft's initial public offering is already oversubscribed. Investors are willing to overlook its significant losses and forget that strong demand ahead of an offering does not mean success in public markets. As Facebook has shown.

5 months ago

Lyft Expected to Reveal a $2 Billion IPO Plan Anytime Now

Lyft Expected to Reveal a $2 Billion IPO Plan Anytime Now

Olivia Zaleski and Eric Newcomer, Bloomberg

Lyft aims for a market valuation of $20 billion to $25 billion, which will make its offering the biggest from a technology upstart since Snap’s IPO two years ago.

5 months ago

Uber Closes in on Selling $1 Billion Stake in Its Self-Driving Car Unit

Uber Closes in on Selling $1 Billion Stake in Its Self-Driving Car Unit

Eric Newcomer, Bloomberg

Given the massive bet it has on Uber, SoftBank will want to do all to ensure the ridehailing company's success — including bankrolling Uber’s very expensive self-driving car unit.

5 months ago

SoftBank Invests Another $1.5 Billion in Singapore’s Grab

SoftBank Invests Another $1.5 Billion in Singapore’s Grab

Yoolim Lee and Pavel Alpeyev, Bloomberg

Already a major investor in Singapore's Grab, SoftBank is pumping in more big money into the ridehailing company, which is in a two-horse race with Indonesia's Go-Jek to gain dominance in Southeast Asia. We're tightening our seat belts watching this epic battle.

6 months ago

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.

7 months 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.

7 months 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.

7 months ago