Articles tagged “ridesharing”

Online Travel

Uber CEO Is Fine Not Having a Superapp Model to Broaden Ridesharer’s Reach Into Travel

Come for the rides, stay for the food. Dara Khosrowshahi joined Uber as CEO when ridehailing was everything. Now he's navigating a multi-product approach. Yet when it comes to profits, Uber's still en route.

Sean O'Neill | 2 months ago

Mergers and Acquisitions

AirAsia Digital Buys Superapp Gojek’s Thailand Operations for $50 Million

In an intensifying superapp rivalry in Southeast Asia, Gojek handed its Thailand business to AirAsia Digital in the face of competition from Grab. While these leading superapps battle, AirAsia Digital is being taken more seriously. After all, it has airplanes and a profitable logistics business to add to the mix.

Dennis Schaal, Skift | 5 months ago

Rental Cars

Hertz Bidding War Winner Is Certares and Knighthead in an Auction

Now that the investor winners and losers are clear, Hertz is tasked with the even harder job of retooling the business to adapt to a diminished business travel environement — at least in the short term.

Dennis Schaal, Skift | 7 months ago

Online Travel

Startup BlaBlaCar Raises $115 Million for Long-Distance Carpooling and Bus Travel

Despite the pandemic, BlaBlaCar served 50 million passengers in carpools or buses in 2020, which shows remarkable resilience. The French startup has aggressive plans to create a rail service, debut a travel booking app for travelers, and expand its bus network much farther outside of Europe.

Sean O'Neill, Skift | 8 months ago

Online Travel

Southeast Asian Superapp Grab to Go Public With Altimeter at $40 Billion Valuation

The Grab-Altimeter Growth Corp. 2 merger immediately becomes one of the highest profile such transactions in travel. Grab already dominates its superapp sector in Southeast Asia, and the funding infusion should help it get stronger.

Dennis Schaal, Skift | 8 months ago

Online Travel

A Former Top Exec at Orbitz and Uber on What AirAsia Can Expect in Online Travel Competition

Running an airline isn't easy, and neither is launching ridesharing, financial services, and delivery businesses from scratch. AirAsia has its work cut out for it in terms of the required investments and trying to be everything to everyone in Southeast Asian markets with entrenched incumbents.

Dennis Schaal, Skift | 8 months ago

Rental Cars

Uber Rideshare Revenue Ticking Upwards After Dramatic Fall

If you are grasping for any signs that the U.S. or global economies have a heartbeat, then consider that Uber's rideshare revenue has been ticking upwards in the past two weeks after plummeting over the past two months. No, this is not the same as China reopening or a promising coronavirus vaccine in the making, but at this point we'll latch onto almost anything.

Dennis Schaal, Skift | 2 years ago

Rental Cars

Skift Global Forum Preview: Avis Tackles Digital Innovation Through Partnerships

Doing just traditional car rental isn't going to cut it anymore, and Avis is rapidly expanding its alternative services.

Isaac Carey, Skift | 2 years ago

Online Travel

Go-Jek Gets Investment From Visa to Expand Digital Payments in Southeast Asia

It's no secret that Go-Jek is keen to be Southeast Asia's answer to China's WeChat. Its move to expand digital payments will be a key step to gain dominance in the region.

Yoolim Lee, Bloomberg | 2 years ago

Rental Cars

6 Uber IPO Roadshow Takeaways Every Travel Exec Needs to Know

Uber certainly isn't making a profit yet, which isn't the worst thing in the world, considering the mammoth market opportunity. Still, investors in its initial public offering should know it could take several years before that red ink turns black.

Dennis Schaal, Skift | 3 years ago