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…
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