August 28, 2023
China’s Xpeng to Acquire Didi’s EV Business in $744 Million...
Chinese electric vehicle manufacturer Xpeng has revealed its intention to acquire Didi’s electric car development business in a deal valued at potentially up to $744 million. This strategic move aims...
August 23, 2023
Singapore’s Grab Looks to ‘Affordability Initiatives’ to Cement Super App...
Southeast Asian super app provider Grab remains optimistic on longer-term growth prospects, company executives said on a Wednesday (Aug. 23) second-quarter 2023 earnings call, highlighting how “affordability initiatives” and strengthening engagement...
August 16, 2023
Robotaxis Ready to Become a Reality in San Francisco
Paid, driverless taxis are set to become a regular part of life in San Francisco. As Bloomberg News reported Wednesday (Aug. 16), Waymo and Cruise recently received permission from California regulators to offer that service, paving...
August 15, 2023
GoTo Cuts Losses by 56% and Eyes Profitability
Indonesian tech giant GoTo Group slashed its losses by more than half. The company — whose offerings include eCommerce, financial services and ridesharing — said its losses for its second quarter came...
August 10, 2023
Moove Raises $76 Million to Provide Financial Services for Mobile...
Moove has secured $76 million in new funding to expand its financial services platform for mobility gig workers. The new funding consists of $28 million in equity from new and existing...
August 10, 2023
Deliveroo Orders Drop, but Customers Up Spending by 10%
Deliveroo Plc, the British food delivery company, posted strong earnings on Thursday (Aug. 10) for the first half of 2023, even while total orders fell 6% as the company looks to...
August 08, 2023
Uber Teams With Cover Genius to Insure Brazilian Drivers
Uber has teamed with insurtech Cover Genius to protect its drivers in Brazil. The partnership, announced Tuesday (Aug. 8), integrates Uber and Cover Genius’ distribution platform XCover to offer drivers embedded protection as well as...
August 08, 2023
Norwegian and Finnish Regulators Impose Ban on Yandex Over Data
Norwegian and Finnish regulators have imposed a ban on Yandex and its partner Ridetech International, prohibiting the transfer of personal data of customers of Yandex’s Yango ride-hailing app to Russia....
August 03, 2023
Singapore’s Watchdog Probes Grab’s Takeover of Trans-Cab
Grab, the popular ride sharing app, has recently proposed a takeover of Singapore’s third-largest taxi operator Trans-Cab. The Competition and Consumer Commission of Singapore (CCCS) had received Grab’s notification of...