Cars

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Uber Looks to Acquire Dubai-Based Competitor

Uber Looks to Acquire Dubai-Based Competitor

Giles Turner, Dinesh Nair, Matthew Martin and Eric Newcomer, Bloomberg

After getting pushed out of markets across Asia, it's not surprising Uber would look to further establish itself in the Middle East as it prepares to go public.

2 months ago

Lyft’s Imminent IPO Filing Could Value the Company at $25 Billion

Lyft’s Imminent IPO Filing Could Value the Company at $25 Billion

Eric Newcomer, Bloomberg

And the winner is ... Lyft, maybe. It appears as though Lyft may beat Uber to the altar, meaning Nasdaq. But Uber's IPO, when it arrives, would be a lot larger.

2 months ago

How Avis Wants to Build Transparency in Corporate Travel

How Avis Wants to Build Transparency in Corporate Travel

Brian Sumers, Skift

Can this two giant global travel companies work out their differences? Surely consumers would be prefer to know they can keep searching for United fares on Expedia.

2 months ago

Airstream Is Turning Recreational Vehicles Into Smart Homes

Airstream Is Turning Recreational Vehicles Into Smart Homes

Kyle Stock, Bloomberg

The classic American camper brand will now let digital nomads control their campers by iPhone. Airstream started taking orders for a $1,000 kit that will convert any of its vehicles into a smart home. The move gives new meaning to the phrase "turn on, tune in, and drop out."

2 months ago

Uber’s Losses Continue Despite Push Into Food Delivery and Freight

Uber’s Losses Continue Despite Push Into Food Delivery and Freight

Eric Newcomer, Bloomberg

Uber continues to lose money despite gains in delivery and freight services. Pushing into new sectors isn't doing much for the company's balance sheet as it gears up to go public.

2 months ago

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.

2 months 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.

2 months ago

How Much Longer Can Lyft Maintain Its Friendly Image?

How Much Longer Can Lyft Maintain Its Friendly Image?

Eric Newcomer, Bloomberg

Lyft has earned a reputation for being the nice guy, but that can't last long if it wants to be number one in a cutthroat industry.

3 months 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.

3 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.

3 months ago

Where Do Government Employees Go When They’re Not Being Paid? Uber and Lyft.

Where Do Government Employees Go When They’re Not Being Paid? Uber and Lyft.

Carlyann Edwards, Bloomberg

This is now the second paycheck government workers have missed, thanks to the ongoing political stalemate. More and more employees are having to swap their supposedly steady jobs with work in the gig economy.

3 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.

3 months ago