July 28, 2023
European Union Investigates Spanish Regulations on Ride-Hailing Services
The European Union (EU) is looking into the tightening of regulations experienced by ride-hailing apps in Spain. The EU has opened a preliminary probe into whether the latest measures enacted by the...
July 18, 2023
Super App Companies Scale Back Plans Amid Funding Drought
While consumers are excited about super apps, some investors apparently aren’t as sure. As the Financial Times (FT) noted in a report Tuesday (July 18), companies like Singapore’s Grab and...
July 17, 2023
Ola Electric’s Rapid Growth Sparks Early IPO Plans
Indian startup Ola Electric Mobility is reportedly in line for an initial public offering (IPO) sooner than anticipated. This change is due to its success in India’s electric scooter market,...
July 10, 2023
Report: After 5 Years, Uber CFO Nelson Chai Plans to...
Uber Chief Financial Officer Nelson Chai is reportedly planning to leave the firm after five years. Chai told the company’s CEO, Dara Khosrowshahi, that he intends to move on, but an effective date has...
July 10, 2023
China’s IPO Applications Plunge in First Half of 2023
So far, 2023 has not been a good year for the Chinese IPO (initial public offering) market. As Reuters reported Monday (July 10), IPO applications in that country dropped by a third...
July 09, 2023
Major Victory For Grab As Malaysian High Court Overturns Antitrust...
In a major victory for e-hailing operator, Grab Holdings Inc, the Malaysian High Court has overturned the Malaysia Competition Commission’s (MyCC) proposed RM86. 77 million (€17.1 million) fine. Justice Wan...
July 04, 2023
Report: Shein in Talks With NYSE and Nasdaq About IPO
Online fast-fashion retailer Shein is reportedly working with investment banks about a possible public listing. The Chinese company has held talks with both the New York Stock Exchange and Nasdaq,...
June 29, 2023
Shein Denies Report of Confidential Registration for IPO in US
Shein has denied a media report that it has registered for an initial public offering (IPO) in New York. Reuters reported Thursday (June 29) that the fast-fashion retailer has confidentially...
June 27, 2023
Amazon-Owned Zoox Begins Operating Driverless Robotaxi in Las Vegas
Zoox announced Tuesday (June 27) that it has been operating its driverless robotaxi in Las Vegas for two weeks. The autonomous car — which has no steering wheel or pedals —...