Chinese ride-hailing giant Didi suspends UK expansion plans
The plan to launch in the UK as well as Europe is now postponed by at least 12 months...
Tag : Uber
SoftBank’s Vision Fund CEO retires; top execs resign
Neil Hadley, who serves as the chief of staff to SoftBank’s Vision Fund, will be the successor of Rajeev Misra...
China’s Didi Chuxing to operate 1 mn robo-taxis by 2030
The company is currently developing autonomous driving technologies...
New Aramco chairman takes charge, assures transparency
Yassir Al Rumayyan’s appointment is a clear indication that Saudi Arabia is fast-tracking a local listing of Aramco...
Uber gets UAE ministry’s approval for $3.1bn Careem merger deal
UAE’s competition committee finds that the deal will not result in economic concentration in excess of the 40% allowed...
How many startups will achieve unicorn and decacorn status in 2019?
With more than 300 unicorns and nearly 20 decacorns globally, analysis by RS Components and CB Insights reveals how many more will join their league...
Lyft effect: Uber valued at $82.4 billion in its most anticipated IPO
After Lyft’s IPO jitters, Uber settles for $45 per share with a valuation that is nearly a third less than predicted...
Uber loses market share everywhere, may never make a profit
IPO filing with SEC says it sees surge in expenses as well...
Uber Technologies plans to sell $10 billion worth of stock in IPO
The company will widen its presence in the Middle East through acquisition of a Dubai-based ride-sharing startup Careem...
The bumpy journey of Uber so far
Uber is undoubtedly one of the most successful companies in the world. It is also one of the most scandal-plagued. With Travis Kalanick resigning last year and former Expedia CEO Dara Khosrowshahi taking up the leadership mantle, where does Uber go next?...