... , China’s Uber rival, and restaurant-review and group buying services Dianping Holdings Ltd., are getting significant investor interest. Didi Kuaidi is currently targeting raising US$2 billion in fund ...More
EJ Insight2015-07-08
... GoVan and Uber grabbing business from licensed taxis. Taxi drivers are upset about that. They accuse unlicensed operators of such cars and vans of conducting illegal business. But passengers are only ...More
EJ Insight2015-07-07
Uber Technologies has sought police protection for drivers and passengers using its ride-sharing service in Johannesburg, South Africa's biggest city, amid threats from taxi drivers who are angry at t ...More
EJ Insight2015-07-07
A judge has thrown out an injunction request by Toronto to halt Uber's operations in Canada's largest city. Judge Sean Dunphy found no evidence the company operates as a taxi broker, according to Reut ...More
EJ Insight2015-07-06
App-based taxi booking firm Uber has been running into trouble everywhere. The group is being challenged in Europe, mainland China and Hong Kong for operating without a license. This week, the French ...More
EJ Insight2015-07-02
A Chinese fund manager is investing in Uber Technologies Inc. amid speculation that the ride-sharing service is preparing for an initial public offering. Hillhouse Capital Group is leading an investme ...More
EJ Insight2015-06-23
Taxi-hailing service Uber faces increased costs after California ruled that its drivers are employees, not contractors. The decision by the California Labor Commission could ripple across a vast secto ...More
EJ Insight2015-06-18
Things just shifted into high gear in China's taxi app war. Just days after a leaked memo showed Uber is raising US$1 billion to put its China business into overdrive, the Wall Street Journal reported ...More
EJ Insight2015-06-16
... US giant Uber. That kind of aggressive tactic may be partly behind Didi Kuaidi's rush to make an IPO, as it rapidly burns through cash in its battle for market share. Its biggest rivals are Uber and ...More
EJ Insight2015-05-26
Uber Technologies Inc., maker of the eponymous taxi-hailing app, is joining forces with Baidu Technologies Inc. and Apax Partners to bid for Nokia's map business. They're up against another formidable ...More
EJ Insight2015-05-20
... mpdown on Uber, one of the taxi-hailing apps. Officials from the public security, industry and transport departments raided Uber's office in the city on April 30, alleging the company was operating “u ...More
EJ Insight2015-05-08
Taxi-hailing mobile service Uber has submitted a bid for Here, a mapping business owned by Finnish telecom giant Nokia, for up to US$3 billion, the New York Times reported, citing sources with knowled ...More
EJ Insight2015-05-08
... rich and uber rich. So imagine my embarrassment having to confess that I have to credit a major House & Home article two weeks ago for inspiring a rare eureka moment that I need to share. There o ...More
EJ Insight2015-04-24
... e calling Uber or Fly Taxi. After all, time is money. But I'm afraid this is all a fantasy. We've seen it all before. One of the first signs is when you can’t find the Hong Kong Economic Journal in 7- ...More
EJ Insight2015-04-13
... iling app Uber Technologies Inc., which is now valued at US$41 billion. Investors expect the two companies will now turn from competing against each other to offering a range of new services. About 99 ...More
EJ Insight2015-04-01
Mainland luxury car dealer China Yongda Automobiles Services (03669.HK) has signed a strategic deal with Uber, the taxi-hailing company. Yongda will offer discounts and loans to car rental companies t ...More
EJ Insight2015-03-20
Uber Technologies Inc., the online taxi service, has confirmed that chief financial officer Brent Callinicos is stepping down. Chief executive Travis Kalanick made the announcement in an e-mail to inv ...More
EJ Insight2015-03-17
... g service Uber Technologies is seeking opportunities to expand in China. -- Contact us at [email protected] CG/RC ...More
EJ Insight2015-02-13
A taxi-hailing app war is about to erupt in Hong Kong. Uber, a United States vehicle-hiring and taxi company, is firing the first volley with a "free ride day" Wednesday. It's throwing down the gauntl ...More
EJ Insight2015-02-10
Google Inc., one of the largest investors in Uber, is developing its own ride-hailing service, most likely in conjunction with its driverless car project, according to Bloomberg News. A Google represe ...More
EJ Insight2015-02-03
