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Chinese rival to Uber valued at over US$25 bln

Investors in Didi Kuaidi Joint Co., China’s homegrown competitor to Uber Technologies Inc., have pushed the ride-sharing company’s valuation to more than US$25 billion. Beijing-based Didi Kuaidi is cl ...More

EJ Insight2016-04-08

Second thoughts on P2P accommodation

Peer-to-peer (P2P) services have disrupted the operations of various industries. Besides Uber, the short-term lodging rental platform Airbnb is another case worth discussing. Airbnb boasts several sel ...More

EJ Insight2016-04-06

Uber chief must face price-fixing lawsuit, says judge

A US judge has cleared the way for antitrust lawsuits against Uber's chief executive after the ride-hailing company failed to win dismissal of price-fixing charges. Travis Kalanick must face claims he ...More

EJ Insight2016-04-01

Airbnb and Uber: Which has better prospects?

... ice apps, Uber has been described as the Airbnb of the taxi market. The New York Times estimated that Uber was valued at US$62.5 billion as of December last year. However, the company has yet to make ...More

EJ Insight2016-03-30

Driverless cars in Asia - the challenges to overcome

... reams (as Uber has for taxis), and eventually to lead to a wholesale rewriting of traffic laws, insurance provisions and supply chain relationships. We're already getting a taste of what issues driver ...More

EJ Insight2016-03-19

Uber cuts fares by 20% for some Hong Kong services

Uber has reduced the fares for some of its UberX rides in Hong Kong in a bid to lure more customers for the low-cost service that was launched in the city in December last year, Singtao Daily reported ...More

EJ Insight2016-03-18

Uber driver admits shooting 6 people dead in Michigan

A man working as an Uber driver admitted to the shooting rampage that killed six people in Kalamazoo, Michigan over the weekend, a police detective testified on Monday. Jason Dalton, 45, was denied ba ...More

EJ Insight2016-02-23

Uber driver suspected in deadly Michigan shootings

A suspected Uber driver might have picked up passengers during a deadly rampage in which six people were killed and two others injured. The random shootings took place in the Michigan city of Kalamazo ...More

EJ Insight2016-02-22

Uber losing US$1 bln a year to compete in China

Uber Technologies Inc. is losing more than US$1 billion a year in China as it competes with local rival Didi Kuaidi, chief executive Travis Kalanick said. The company's Chinese business boosted its va ...More

EJ Insight2016-02-19

How technology can make legal services more accessible to SMEs

... logy like Uber and Airbnb in daily life, lawyer-free, virtual courtrooms are probably too transformative for our officials’ yesterday-oriented mindset. -- Contact us at [email protected] FL ...More

EJ Insight2016-02-16

Can an Elon Musk succeed in Hong Kong?

... lesson of Uber indeed speaks volumes about how non-receptive our government is to new technologies. Taking the initiative to understand new technologies and allowing them in daily life applications, a ...More

EJ Insight2016-02-05

Taxi-hailing Apps: To ban or to regulate? [Part II]

Uber's arrival in Hong Kong drew fierce protests from the taxi industry. Meanwhile, the service quality of taxis has been a widespread concern. Complaints about taxi drivers being rude, refusing hire ...More

EJ Insight2016-01-30

Hong Kong will continue to support startups, says John Tsang

... , head of Uber Hong Kong, was among the audience at the forum which was organized by local startup community Startmeup.hk. Gellman refused to comment when asked which department was hosting him for an ...More

EJ Insight2016-01-27

Uber prepares US meal delivery service

App-based transport service provider Uber Technologies Inc. is set to roll out a meal delivery service across 10 cities in the United States. In the coming weeks, customers in such cities as Los Angel ...More

EJ Insight2016-01-21

Hungary taxi drivers demand Uber shutdown

Taxi drivers in Hungary's capital staged a protest against ride-hailing service Uber, amid new regulations setting a fixed tariff for traditional taxi firms that is higher than Uber's. Taxis blocked a ...More

EJ Insight2016-01-19

India unveils US$1.5 bln fund, tax breaks for startups

... orp., and Uber Technologies Inc. chief executive Travis Kalanick. "India’s youth should be a job creator, not a seeker." Asia’s No. 3 economy is in the midst of an internet startup boom that has lured ...More

EJ Insight2016-01-19

Uber, Airbus to join forces for on-demand helicopter service

Airbus Group will provide helicopters to Uber Technologies for the latter's on-demand services, the European plane maker’s chief executive said on Sunday. "It's a pilot project, we’ll see where it goe ...More

EJ Insight2016-01-18

A third Industrial Revolution is on its way

... uation of Uber has surpassed US$60 billion. Is its unmanned vehicle business priced in? The broad adoption of unmanned vehicles will turn the vehicle manufacturing and transportation sectors upside d ...More

EJ Insight2016-01-15

UberChina raises fresh funds at US$7 bln valuation

Ride-hailing services firm Uber Technologies has raised fresh funds for its China unit that values the expanding subsidiary at US$7 billion, the Wall Street Journal reported. Among the entities that h ...More

EJ Insight2016-01-12

Evolution of private equity placement agents

... ng.com or Uber China, they would require a certain amount of annual management fee from the funds, in addition to the commission, or share the profit when the investor exited successfully. Thus, they ...More

EJ Insight2016-01-09

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