Welcome!
Uber Technologies
This taxi company lost 11% of its value waiting for Uber
SINGAPORE (Dec 8): ComfortDelGro Corp. has lost $500 million in just four months -- on track to become Singapore’s second-worst performing stock in 2017 -- as investors lose patience over a planned venture with Uber Technologies Inc.
December 08, 2017
Startups, Entrepreneurs, Digital economy
Singapore Airlines, Grab in partnership for bookings and reward points conversion
SINGAPORE (Oct 3): Singapore Airlines (SIA) has joined hands with private hire car service operator Grab as competition heats up in the transport space.
October 03, 2017
Uber loses license to operate in London
LONDON (Sept 22): London’s transport regulator on Friday stripped Uber of its license to operate from the end of the month, affecting over 40,000 drivers in a huge blow to the taxi app.
September 22, 2017
Uber faces widespread Asia bribery allegations amid US criminal probe
(Sept 20): Uber Technologies, facing a federal probe into whether it broke laws against overseas bribery, has embarked on a review of its Asia operations and notified US officials about payments made by staff in Indonesia, people with knowledge of the mat
September 20, 2017
Hot Stock
ComfortDelgro shares soar 8.3% on news of potential alliance with Uber
SINGAPORE (Aug 23): Shares in land transport company ComfortDelgro (CDG) have leapt 8.3% to $2.36 at 3.35pm after Tuesday's night announcement of a possible strategic alliance with its competitor, Uber Technologies, on Tuesday.
August 23, 2017
Broker's Calls
Uber collaboration would be a win-win one for ComfortDelGro against Grab: RHB
SINGAPORE (Aug 23): RHB Research is maintaining its “buy” call on ComfortDelGro (CDG) with an unchanged $2.60 price target, after the land transport company yesterday announced its potential formation of a strategic alliance with Uber Technologies in
August 23, 2017
Startups, Entrepreneurs, Digital economy
ComfortDelGro and Uber in exclusive talks over possible alliance
SINGAPORE (Aug 22): Singapore’s largest taxi operator ComfortDelGro today announced it is in exclusive talks to form a potential strategic alliance with Uber Technologies – the private hire car service start-up that has put a dent in its business.
August 22, 2017
Uber CEO to take leave, have diminished role after scandals
SAN FRANCISCO (June 14): Uber Technologies Inc. Chief Executive Officer Travis Kalanick told staff he plans to take a leave of absence, without disclosing a return date. The company will be run by a management committee as it tries to navigate a wave of
June 14, 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