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Uber Technologies
Startups, Entrepreneurs, Digital economy
Cash party almost over for unicorns such as Uber
SINGAPORE (Apr 22): Uber Technologies’ coming IPO is a moment to reflect on the oodles of investment cash that have resulted in a herd of “unicorns”, the awful but convenient shorthand for tech companies that reach valuations of at least US$1 billio
April 22, 2019
M&A
Toyota to acquire US$1 bil Grab stake in push to ride hailing
(June 13): Toyota Motor Corp. will buy a US$1 billion ($1.3 billion) stake in Grab in one of the largest investments by a carmaker in a ride-hailing provider, underscoring the push by the auto industry to move from manufacturing to services.
June 13, 2018
M&A
ComfortDelGro and Uber part ways; Lion City acquisition terminated
SINGAPORE (May 25): ComfortDelGro and Uber Technologies have agreed to dissolve the strategic agreement that they entered into last December.
May 25, 2018
Startups, Entrepreneurs, Digital economy
Indonesia says Go-Jek, Grab need to register as transport businesses
JAKARTA (April 2): Ride-hailing companies Go-Jek and Grab must register in Indonesia as transport companies within two months to ensure they meet safety requirements as a public transport provider, Indonesia’s transport minister said on Monday.
April 02, 2018
Broker's Calls
Would it be respite or wreckage for ComfortDelGro as Grab acquires Uber's Southeast Asia business?
SINGAPORE (Mar 26): ComfortDelGro Corporation’s long-drawn plan to strike a strategic alliance with Uber Technologies could now be in limbo.
March 26, 2018
Tech
Uber said to have reached in-principle agreement to sell Southeast Asia business to Grab
SINGAPORE (Mar 13): The battle between ride-hailing giants Grab and Uber Technologies for market share in Southeast Asia could draw to a close.
March 13, 2018
M&A
ComfortDelGro-Uber joint venture enters Phase 2 of regulatory review
SINGAPORE (Feb 19): ComfortDelGro (CDG) says its partnership with Uber Technologies is entering the second stage of the Competition Commission of Singapore’s (CCS) deliberation with regards to the two companies’ proposed joint venture (JV).
February 19, 2018
Startups, Entrepreneurs, Digital economy
Uber said to be in talks to sell Southeast Asia business to Grab
SINGAPORE (Feb 17): Uber Technologies is seeking to sell its Southeast Asia ride-hailing business to Grab in return for a substantial stake in the company, according to CNBC.
February 17, 2018
Broker's Calls
Negatives mostly priced into ComfortDelGro stock, says UOB
SINGAPORE (Jan 18): Singapore's taxi sector is slowly but surely moving towards a more stable market even though conditions stay tough, says UOB Kay Hian.
January 18, 2018
Public consultation held to assess market impact of Uber-Comfort partnership
SINGAPORE (Dec 22): The Competition Commission of Singapore (CCS) is inviting public feedback on the upcoming alliance between Uber Technologies and ComfortDelGro (CDG).
December 22, 2017