ride-hailing

Vietnamese Ride-Hailing Startup Be Group Gets $60M Loan From Deutsche Bank
Vietnamese Ride-Hailing Startup Be Group Gets $60M Loan From Deutsche Bank
September 05, 2022  |  Ridesharing

The Vietnamese startup Be Group, a rival of ride-hailer platform Grab, said it’s gotten a loan facility of $60 million, a Bloomberg report said Monday...

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Saturday Data Dive: Even the Rich Are Now Trying to Save Time and Money
Saturday Data Dive: Even the Rich Are Now Trying to Save Time and Money
August 13, 2022  |  Economy

Throughout the pandemic, we’ve all collectively acquired a whole new set of digital doodads and pastimes, but as that episode gives way to the jarring...

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Careem Boosts Food Delivery Space Footing With MUNCH:ON Acquisition
Careem Boosts Food Delivery Space Footing With MUNCH:ON Acquisition
June 24, 2022  |  Delivery

Careem, the Dubai-based ride-hailing company with operations in over 100 cities across the Middle East, Africa and South Asia has acquired the food delivery platform...

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Market Instability Prompts Lyft to Ease Spending, Hiring
Market Instability Prompts Lyft to Ease Spending, Hiring
May 25, 2022  |  Economy

Lyft isn’t planning layoffs but is slowing hiring, reeling in spending and concentrating on profitable growth as market instability continues and its share price hovers...

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Lyft Logs More Active Riders YoY, Talks Up Maps, AVs and More as Omicron Stifles Recovery
Lyft Logs More Active Riders YoY, Talks Up Maps, AVs and More as Omicron Stifles...
February 08, 2022  |  Earnings

Mobility is moving again, evidenced by generally positive Q4 and fiscal 2021 results earnings on Tuesday (Feb. 8) from ride-hailing bellwether Lyft, even as other...

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Ride-Hailing Giant Didi Eyes IPO, Could Raise $9 Billion
Ride-Hailing Giant Didi Eyes IPO, Could Raise $9 Billion
March 19, 2021  |  News

Didi Chuxing Technology Co. is preparing for an initial public offering (IPO), Bloomberg reported on Friday (March 19), citing people familiar with the plans. An...

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Lyft Highlights Improving July Figures After Q2 Ridership Plunges
Lyft Highlights Improving July Figures After Q2 Ridership Plunges
August 12, 2020  |  Earnings

Ride-hailing firm Lyft said Wednesday (Aug. 12) that its active ridership plunged 60 percent year over year during Q2 due to the coronavirus pandemic, but...

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Is There A ‘Third Way’ For Uber and Other Gig-Economy Firms To Classify Workers?
Is There A ‘Third Way’ For Uber and Other Gig-Economy Firms To Classify Workers?
August 11, 2020  |  Gig Economy

For gig-economy companies, is it time to make way for the third way? As reported Monday, Uber CEO Dara Khosrowshahi wrote in a New York Times op/ed...

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Despite Business Travel Lull, B2B Ride-Hailing Lands Big Funding
Despite Business Travel Lull, B2B Ride-Hailing Lands Big Funding
July 24, 2020  |  B2B Payments

Venture capital is no guarantee in times of market volatility, but this week’s B2B venture capital breakdown finds several companies managing to secure millions for...

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