... 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 english@hkej.com 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
... i company Uber did not exist five years ago; it is now valued at more than US$40 billion. The rapid expansion of Alibaba threatens Western retailers who never expected to face a Chinese competitor. Dr ...More
EJ Insight2015-01-28
The chief executive of the taxi-hailing firm Uber promised to create 50,000 new jobs this year. “We want to make 2015 the year where we establish a new partnership with EU cities,” Uber co-founder and ...More
EJ Insight2015-01-19
... nies like Uber Technologies Inc. and Kuaidi Group, which is backed by Alibaba Group Holding Ltd. The apps allow passengers to negotiate fares with taxi drivers or tap a privately run but licensed flee ...More
EJ Insight2015-01-15
... including Uber Technologies Inc., the US taxi-booking app that said earlier this month a new round of funding valued it at US$41 billion. The Beijing-based technology startup, chaired by co-founder L ...More
EJ Insight2014-12-30
Baidu Inc. is buying a minority stake in Uber Technologies Inc., the troubled tax-hailing company that is seeking to expand in China. The stake will be paid for in cash and non-cash assets including o ...More
EJ Insight2014-12-12
Countries are clamping down on the popular taxi-hailing app Uber after a passenger in India accused a driver she had booked through the service of raping her. The Indian government on Tuesday launched ...More
EJ Insight2014-12-10
Indian police arrested an Uber cab driver suspected of raping a female passenger, Reuters reported. They said they would take legal action against the US-based online taxi-calling service for failing ...More
EJ Insight2014-12-08
With vehicle hiring apps such as Uber and Lyft denting the business of regular city cabs, some metros in the US have seen demand for new taxi licenses and the value of existing ones fall sharply. Now, ...More
EJ Insight2014-12-03
