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uber trims losses, rides jump by 51%, thanks to russia & southeast asia




uber cut its losses almost in half and its ride bookings jumped 51 per cent since one year ago, the silicon valley ride-services firm said on wednesday, showing that months of scandal and retreating from overseas markets have not slowed its business.uber technologies inc [uber.ul] also reported a on...



lessons from se asia: uber must embrace local players to succeed abroad




anybody who commutes via ride-share in one of southeast asia's traffic-choked cities knows that uber technologies inc. has always been an also-ran in the fast-growing region. compared with grab taxi holdings pte. ltd., the dominant ride-sharing company in southeast asia, it consistently had fewer ca...



'partner' didi chuxing is freezing uber out of southeast asia




the news could hurt uber's expansion in the region, as it's already failing to make much of an impact around asia. that will affect users in the west, who may need to switch to another app when they travel to the region on vacation or business. uber's app effectively no longer works for travelers in...



uber sells grab its southeast asia operations




uber is a company in trouble. despite having narrowly dodged the waymo bullet, it now faces both legal and media scrutiny over a fatal accident from its self-driving car test. and that’s just in the us. in other markets, uber faces heavy competition that has basically forced it to merge with its r...



uber doubling down on india investments after exiting southeast asia: coo




ride-hailing giant uber technologies inc is "doubling down" on its investments in india, one of its biggest markets, after its recent exit from southeast asia, its chief operating officer said on wednesday. india accounts for more than 10 per cent of uber rides globally and the us company has a more...



uber to sell southeast asia business to grab for 27.5% stake in merged firm




uber technologies inc. has agreed to sell its southeast asian operations to grab, withdrawing from yet another fast-growing region to end a war of attrition with a fierce local rival. under the agreement, grab will acquire all of uber’s operations in a region of 620 million people, including food ...



grab close to finalising deal to buy uber's southeast asia business




grab, the dominant ride-hailing service in southeast asia, is close to finalizing a deal to acquire uber technologies inc.’s business in the region and may sign a deal this week or next, according to people familiar with the matter. under terms of the proposed agreement, grab would buy out uber’...



uber selling southeast asia operations to grab: report




uber is selling parts of its southeast asia operations to local rival grab, getting a piece of the action in the process, according to us media reports.



grab close to finalising deal to buy uber's southeast asia business




grab, the dominant ride-hailing service in southeast asia, is close to finalizing a deal to acquire uber technologies inc.’s business in the region and may sign a deal this week or next, according to people familiar with the matter. under terms of the proposed agreement, grab would buy out uber’...



despite internal struggle, uber is still a very popular service




the company announced today that 156 uber rides that began simultaneously around the world pushed them over the mark in may. that they only hit one billion rides in late 2015 and two billion about a year ago shows that all of their scandals don't appear to be holding back business.the 156 drivers th...



uber reportedly preparing to sell its southeast asia business




late last year uber sold off its business in china to a competitor, and now it looks like the southeast asia region could follow a similar path. cnbc reports that it's preparing to make a deal with grab, a company that claimed to have 95 percent of ride-hailing business in the region last year. grab...



uber is reportedly preparing to sell its southeast asia business




late last year uber sold off its business in china to a competitor, and now it looks like the southeast asia region could follow a similar path. cnbc reports that it's preparing to make a deal with grab, a company that claimed to have 95 percent of ride-hailing business in the region last year. grab...



uber is selling its southeast asia business to grab (update: official)




the selloff will come less than two years after uber folded its chinese business into didi chuxing, and mere months after a similar merger with yandex in russia. in all three cases, the pattern is the same: uber is ceding control to the dominant ride hailing business in the area in return for a shar...



uber's southeast asia exit gives more arsenal to battle ola ahead of ipo




uber’s decision to exit southeast asia, where it was bleeding money, should give the global ride-hailing giant more firepower to focus on india, where it’s locked in a fierce battle with local rival, ola, industry analysts say. with uber considering a public offering in 2019, it would make sense...



lyft reaches one million rides per day but is still well behind uber




while the continued growth shows lyft is holding its own, it still has a long way to go before it catches up with uber. founded three years before lyft, uber reached the one million rides per day mark in 2014 and as of a year ago was giving an average of 5.5 million rides a day. uber just recently s...



uber selling southeast asia operations to grab: report




models stand beside grab cars in phnom penh during the ride hailing-firm's launch in cambodia in december 2017uber is selling parts of its southeast asia operations to local rival grab, getting a piece of the action in the process, according to us media reports. grab is on the cusp of buying uber's ...



uber's exit from southeast asia to not impact its india operations




cab hailing firm uber has decided to sell its ride and food delivery businesses in southeast asia to singapore-based rival, grab. as per a deal, grab is taking over the operations of uber in the region, with the us-based company to receive a 27.5 per cent stake in the business in return. this will h...



uber is losing to grab in southeast asia




not long after uber’s pugnacious founders first tested their app among san franciscans, a pair of harvard business school classmates from malaysia seized upon a similar idea: they wanted to build uber, but for asia. in 2012, they launched a ride-sharing service with 40 drivers in kuala lumpur. eve...



uber is selling its southeast asia business to grab




the selloff will come less than two years after uber folded its chinese business into didi chuxing, and mere months after a similar merger with yandex in russia. in all three cases, the pattern is the same: uber is ceding control to the dominant ride hailing business in the area in return for a shar...



uber seeks japan taxi tie-ups; ceo's asia visit underscores global dreams




uber technologies inc. isn’t ready to give up the world. dara khosrowshahi, in his first trip to asia since becoming chief executive officer, made it clear that the ride-hailing company isn’t about to scale back its business to just countries where it already has a strong market position. during...



uber's new game plan: rental cars, transit, and jump bikes




uber: it’s not just for cars anymore. less than a decade after launching, it has rolled out rides for the normies (uberx), for those who don’t mind sharing (uberpool), and for those who don’t mind walking (uber express pool). it offers on-demand grub (ubereats) and connects truckers with stuff...



softbank funding may spur uber to re-think foray into southeast asian mkt




softbank group's multi-billion dollar investment in uber technologies inc opens up the possibility of combining it with other ride-hailing assets the japanese group owns in a consolidation of a rapidly growing business across asia, industry sources say.uber technologies inc said on november 12 that ...



uber's southeast asia merger delayed pending reviews




it's a last-minute move: the shutdown was supposed to take place april 8th. if and when uber can close up shop will depend on the review, and there's no guarantee it will work in the company's favor when competition officials are concerned that grab might "harm the riding public" with a monopoly.ube...



uber health helps patients get to their appointments on time




public transportation is notorious for not running on schedule and that’s a problem when it comes to doctor visits. most health clinics run on a strict schedule; being more than a few minutes late is all it takes to get your appointment cancelled. here to help people get to those appointments on t...



uber will soon have to compete with china's didi chuxing in mexico




this move means didi will be encroaching on some of uber's territory -- uber already has seven million users throughout 45 cities in mexico -- but this isn't the first time didi and uber have battled it out. uber tried to gain a foothold in china and lost around $2 billion doing so. but last year it...