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(Reuters) – SoftBank Group Corp leader Masayoshi Son has much bigger ambitions for transportation than simply seeing his investment in Uber Technologies Inc turn into more than $13 billion when the company goes public next month.
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Uber released its long-awaited IPO prospectus, tacking another near-term market debut onto a busy IPO season. The company has self-reported unaudited financials for several quarters — one of the few tech giants expected to debut this year to do so.
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Uber has appealed against the Competition and Consumer Commission of Singapore’s ruling that the merger of its Southeast Asia business with Grab last year was anti-competitive. The S$6.58 million (US$4.
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A consortium that includes SoftBank Group is in late-stage talks to invest $1 billion or more into Uber Technologies’ self-driving vehicle unit.
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Uber Rewards is officially available to all riders in the U.S. This comes after Uber began rolling out Rewards in January. Uber’s loyalty program incentivizes you to be, well, loyal to Uber and not to its competitors.
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The rivalry between ride-hailing giants Uber and Lyft is poised to heat up in 2019 as both prepare to hit the public markets. But the battle may be more intense in Japan than the U.S.
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U.S. ride-hailing giants Lyft and Uber are going public in the U.S. imminently, but over in Southeast Asia, the two largest on-demand companies are still madly fueling up on investment capital.
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Apple Inc.’s autonomous test vehicles are relying on significantly more human intervention than Alphabet Inc.’s Waymo or General Motors Co.’s Cruise cars, an indication the iPhone maker may lag well behind on the technology.
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Uber on Friday released its latest quarterly financials, likely its last before formally filing to go public. showing continued growth and investment in areas like UberEats. The bottom line: The numbers show continued growth and investment in areas like UberEats, but still no profits.
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SAN FRANCISCO (Reuters) – A group of investors led by SoftBank Group Corp (9984.T) closed a deal with Uber Technologies Inc on Thursday, making SoftBank the largest stakeholder in the ride-services firm and providing a much-needed boost to controversy-ridden Uber.
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Ride-sharing customers are becoming less loyal.
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FILE PHOTO – The Uber application is seen on a mobile phone in London, Britain, September 14, 2018.
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After entering into the food-delivery business through UberEats, the global taxi aggregator has announced that it will also provide boat services around Mumbai, in partnership with the Maharashtra Maritime Board.
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The internal investigators tasked with keeping Uber safe were overworked, underpaid and at times emotionally traumatized as they struggled under the burden of nearly 1,200 cases every week, a confidential internal memo obtained by CNN says.
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It looked like a clear win for the hometown company. Founded in a Kuala Lumpur storage room as a taxi-booking app, Grab had moved its headquarters to Singapore and survived Uber’s relentless price wars in the region.
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Uber is hiring engineers to develop electric scooters and bicycles which can drive themselves around cities in order to reach customers and charging points.
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Uber Technologies is making a new pitch to European officials: invest in public transportation.
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Hong Kong’s taxi industry has made a desperate appeal to the government for an operations upgrade as competition from a proposed premium taxi scheme looms, on top of a bitter rivalry with ride-hailing service Uber.
Read more: http://bit.ly/2FGK42l
London residents who use Uber will have to pay an extra 15 pence (USD $0.19) per mile under the ride-hail company’s new Clean Air plan that was announced Monday.
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Indonesia is preparing to launch regulations fixing the rates drivers and riders for ride-hailing services such as Grab and Go-Jek receive, two government officials said this week, creating potential obstacles for the companies’ expansion.
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