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

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.

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.

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.

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.

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.

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).

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.

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.

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).
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