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Lyft gaining ground in US market

Lyft Inc. has gained significant ground on its rival, Uber Technologies Inc., and is expected to grab more market share in the U.S., Bloomberg reports, citing a private Lyft investor document. A major ...More

EJ Insight2017-11-13

Uber board strikes deal to clear path for SoftBank investment

Uber Technologies' board members have struck a deal that will clear the path for a Softbank Group-led consortium to undertake a multibillion-dollar investment in the ride hailing services company, Reu ...More

EJ Insight2017-11-13

英裁定Uber司機享勞工權益

召車程式公司Uber周五在英國再受挫。就業上訴審裁處(EAT)維持Uber要給予司機最低工資等勞工權益的判決, ...全文

今日信報EJ Global簡訊2017年11月11日

CEO Khosrowshahi says he wants Uber to go public by 2019

Uber CEO Dara Khosrowshahi says he aims to launch the initial public offering of the car-sharing service by 2019, with the backing of co-founder Travis Kalanick and the board. Speaking at the New York ...More

EJ Insight2017-11-10

Mobile-app errors expose data on 180 million phones

... s include Uber Technologies Inc. and Netflix Inc. However, large companies like those typically have security reviews that catch common coding errors like the one Appthority described. There was no in ...More

EJ Insight2017-11-10

WhatsApp to add payments in messaging app in India

... mazon and Uber are getting in on the action alongside local players. In September, Google launched Tez, a free mobile wallet in India that will let users link up their phones to their bank accounts to ...More

EJ Insight2017-11-06

Uber rival Grab presses foray into digital payments

... rivalling Uber in Southeast Asia, Grab has more than 63 million app downloads, including four million in Singapore, and is available in 132 cities across Southeast Asia. The company told CNBC it expec ...More

EJ Insight2017-11-03

Fanny Law: Uber and Airbnb not good models of sharing economy

... ling firm Uber, which she said has not been able to become a truly fair business model as its drivers ply their trade in an unregulated way and present an unfair competition to licensed taxi drivers. ...More

EJ Insight2017-11-02

Uber-SoftBank deal in jeopardy over row with Kalanick: WSJ

A deal that would allow SoftBank Group Corp. to invest about US$10 billion in Uber Technologies Inc. faces the risk of being derailed after co-founder Travis Kalanick sought to change a proposal that ...More

EJ Insight2017-11-02

How will amending the law affect Airbnb operations in Hong Kong?

... s between Uber and Hong Kong’s taxi industry. This is apparently wrong because asset structure would affect economic behavior. The local taxi industry has its unique characteristics; it has problems s ...More

EJ Insight2017-10-31

How the startup ecosystem is set up to thrive

... ortation (Uber), in retail (Alibaba), and in media (Buzzfeed). These are just a few of the successful startups that have become household brands not only in our immediate region, but also globally. Bu ...More

EJ Insight2017-10-30

Too much of a good thing?

... . Just as Uber and BlaBlaCar have sparked a war with Spanish taxi drivers, hoteliers blame the sharing economy—i.e. the surge in private apartment rentals—for the hordes of travelers flooding many tou ...More

EJ Insight2017-10-27

Uber now offers a credit card

Uber has transformed the way you get around. Now it is getting into the credit card business. The ride-sharing company announced it has partnered with Barclays Bank on a new Visa card, which will be a ...More

EJ Insight2017-10-26

Airbnb’s China head exits after just four months

... in China. Uber Technologies Inc., after losing the battle with local competitor Didi Chuxing for market share, finally agreed to sell its China business to Didi last year. – Contact us at english@hkej ...More

EJ Insight2017-10-25

What HK can learn from the bidding war for Amazon headquarters

... g Amazon, Uber and Tesla, have yet to decide upon the location of their Asia Pacific headquarters. If Hong Kong wants to win them over, the bidding war for Amazon will certainly offer some useful tips ...More

EJ Insight2017-10-23

HK should embrace opportunities thrown up by sharing economy

InvestHK, the government vehicle designed to attract foreign investment, introduced car-hailing app Uber into Hong Kong in 2014. But Uber’s expansion in the city has been stalled after police raids on ...More

EJ Insight2017-10-23

Alphabet's CapitalG leads Lyft's US$1 bln funding round

Lyft Inc. has raised US$1 billion in fresh financing in a round led by one of Alphabet Inc.’s investment funds, dealing a blow to rival Uber Technologies Inc., Reuters reports. The round was led by Ca ...More

EJ Insight2017-10-20

Ridesharing leads to less use of public transit, study shows

It's widely believed that the use of ridesharing services like Uber and Lyft would prompt people to drive less. However, a recent study suggests that such services may actually lead to more miles on t ...More

EJ Insight2017-10-18

Waymo demanded US$1 bln in settlement talks with Uber

Alphabet Inc.’s Waymo sought at least US$1 billion in damages and a public apology from Uber Technologies Inc. as conditions for settling its high-profile trade secret lawsuit against the ride-service ...More

EJ Insight2017-10-13

Carrie Lam takes charge of tech development and innovation

... g company Uber to Hong Kong. Yeung questioned if Lam has the courage to stand up to vested interests such as taxi drivers’ unions that have been opposing the premium taxi trial scheme. Legislator Char ...More

EJ Insight2017-10-12

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