ITEM: We hear a lot about the impact of ride-hailing and the sharing economy on things like car ownership, road congestion, air pollution, etc. But there’s another potential outcome of ride-hailing: deepening economic inequality, mainly Read more…
TOKYO/SINGAPORE (Reuters) – Toyota Motor Corp’s trading arm became the latest participant in ride-hailing firm Grab’s current financing round that is expected to raise $2.5 billion, led by Chinese peer Didi Chuxing and Japan’s SoftBank Read more…
The sharing economy is set to see substantial growth, as players in more established sectors, such as transport and corporate space, press their first mover advantage, according to a new report from Juniper Research. The Read more…
SYDNEY (Reuters) – General Motors Co said on Saturday it was testing its car-sharing operation, Maven, in Australia through a pilot program with ride-hailing company Uber Technologies. The leasing agreement will allow Uber drivers to Read more…
Mass market automotive OEMs are expected to face difficult years during the shift to the mobility as a service (MaaS) megatrend, according to a recent B2B technology survey from ABI Research. The survey found that Read more…
BEIJING (Reuters) – China’s renewed love affair with the bicycle is proving a boon for mobile bike-sharing apps but is causing headaches by congesting city sidewalks. Business for Mobike, ofo and other apps has taken Read more…
SAN FRANCISCO (Reuters) – The US Department of Justice has begun a criminal investigation into Uber Technologies Inc’s use of a software tool known as Greyball that helped its drivers evade local transportation regulators, two Read more…
Philippines mobile operator Smart Communications said it is doing its part to minimize its carbon footprint and help ease traffic congestion in Metro Manila by setting up a partnership with ride-sharing company Uber to provide Read more…
NEW DELHI (Reuters) – Global ride-hailing firm Uber Technologies is rethinking its car leasing strategy in India, its second-biggest market, as drivers have returned dozens of leased cars early after the company cut incentives, people Read more…
Ride-hailing company Grab has announced a new service that brings together its GrabTaxi and GrabCar vehicles to offer dynamic fixed fares for customers. Announced on the heels of its partnership with SMRT Taxis, JustGrab comprises all Read more…
SINGAPORE (Reuters) – Singapore-headquartered Grab launched a trial of its ride-hailing services in Myanmar on Tuesday, aiming to expand to a seventh Southeast Asian country, while rival Uber Technologies Inc said it was also looking Read more…
Singapore’s SMRT Taxis and Southeast Asian ride-hailing firm Grab have announced an exclusive partnership deal under which all SMRT taxi drivers will use only Grab’s ride-hailing app for third-party taxi bookings. Both companies are also collaborating to Read more…
Grab announced that it has opened two new R&D centers in Bangalore, India and Ho Chi Minh City, Vietnam, significantly expanding its global R&D capabilities and doubling its number of R&D centers from three to Read more…
HONG KONG (Reuters) – Five Hong Kong Uber drivers were found guilty of illegally using their vehicles for commercial purposes by a local court on Friday, dealing a potential blow to Uber Technologies’ operations in Read more…
BANGKOK (Reuters) – Thailand’s transport authorities have begun a crackdown on drivers for ride-hailing services Uber and Grab and want the military government to ban them, a transport official said on Tuesday. US-based Uber has Read more…
SAN FRANCISCO (Reuters) – When Uber Technologies was raising venture capital in 2013, it was one of the hottest deals around – and no one was more eager to write a check than Bill Maris Read more…
(Reuters) – Ride services company Uber Technologies for years has used a secret tool called Greyball to avoid authorities in markets where its service faced resistance by law enforcement or was banned, the company confirmed Read more…
SINGAPORE (Reuters) – Singapore, a keen early adopter of the sharing economy, has fired a warning shot across the bow of Airbnb and Uber with tighter rules that could shake up their business models and growth ambitions Read more…
BEIJING (Reuters) – Chinese bicycle-sharing startup Mobike said on Monday it has raised funding in a new round led by Singapore state investor Temasek Holdings and hedge fund Hillhouse Capital, bringing its total new funding Read more…
Southeast Asian ride-hailing platform Grab is going after the coach-hiring market with GrabCoach, a new coach-booking option that targets group travellers and corporate customers. Passengers travelling in large groups can now use the Grab app Read more…
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