Uber Technologies Inc.

Company in the news

Uber halts plans to move headquarters to Hong Kong from Singapore

The company had announced in May that it was ready to relocate its Asian headquarters from Singapore “and establish an innovation and engineering hub” in Hong Kong, provided authorities removed regulatory hurdles (ride-sharing is officially banned).

Startups, Entrepreneurs, Digital economy

Grab rivals rush into Philippine gridlock after Deal with Uber

(May 8): A slew of ride-hailing ventures are taking to the gridlocked streets of Manila, undeterred by the market dominance of Grab now that it controls Uber in the Philippines.

Grab is said close to deal for Uber Southeast Asia business

(Mar 8): Grab, the dominant ride-hailing service in Southeast Asia, is close to finalising 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.
GRab

SoftBank emerges as lead financier for Uber rivals

(July 25): Uber Technologies Inc. is at risk of losing out on another big chunk of the global market.

Update

Grab gets US$2 bil from SoftBank, Didi to fight Uber in Asia

(July 24): Grab raised US$2 billion ($2.7 billion) from Didi Chuxing and SoftBank Group Corp. in the largest–ever venture fundraising in Southeast Asia, joining forces with two companies instrumental in driving Uber Technologies Inc. out of China.

Alibaba's Singapore unit enlists Uber, Netflix to lure customers

SINGAPORE (April 20): Alibaba Group Holding has created a loyalty program for online shoppers in Singapore that it may expand to other markets, teaming up with Uber Technologies Inc. and Netflix Inc. to lure customers.

Didi, SoftBank lead US$600 mil-plus round for Grab

(Aug 3): China’s Didi Chuxing and SoftBank Group Corp. are leading a new round of funding in the Southeast Asian ride-sharing service Grab that could exceed US$600 million ($805 million), according to people familiar with the deal.
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