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Global Markets
China's market crackdown: "Everybody's in the crosshairs"
It’s the government’s most extreme step yet to rein in private businesses.
July 26, 2021
Tech
Will Uber, Grab and Didi ever make money?
(Aug 21): For several weeks now, the focus of attention in the so-called sharing economy has been the internal turmoil at ride-hailing giant Uber, the largest startup in the world. From allegations of sexual harassment at the company and fracases with dri
August 22, 2017
Uber aims to unseat Ola in US$10 bil India ride-hailing market
BANGALORE (Oct 10): Uber Technologies Inc unveiled its first-ever brand campaign in India last month with a video showing a tense Uber driver navigating gridlocked streets as he rushes to drop off a little girl to her school on exam day. In a Bollywood-
October 10, 2016
Tech
Your Uber and Grab taxi rides are about to be disrupted
SINGAPORE (Sept 5): Uber, the global giant of ride hailing, which at the last round of its fundraising was valued at US$68 billion ($92.7 billion), lost US$1.2 billion in the first half of this year compared with a US$987.2 million loss in the same period
September 05, 2016
IPO
Uber China rival Didi said to consider US IPO in 2017
HONG KONG (May 16): Apple Inc may not need to wait that long before it reaps the benefits of investing US$1 billion in Chinese car-hailing service Didi Chuxing.
May 16, 2016
Apple invests US$1 bil in Uber’s China competitor Didi
HONG Kong (May 13): Apple Inc invested US$1 billion ($1.38 billion) in Didi, the single largest investment the Chinese ride-hailing service has ever received as it battles Uber Technologies Inc.
May 13, 2016