Uber to Merge China ride-hailing With Didi in $35 Billion Deal
China’s ride-hailing Didi Chuxing Technology has reached an agreement to merge with Uber Technologies’s China operations, in a share-swap deal, people familiar with the matter said to WSJ. Uber More...
Uber Gets Investment From Tata Fund to Expand in India
Tata Capital on Wednesday said it has invested in US-based taxi hailing application company Uber . The investment by Tata Opportunities Fund (TOF) will allow Uber to benefit from its network in the country, More...
After Violent Clashes With Taxis, Here’s What It Was Like to Take an UberPop in France Today
Uber Technologies will suspend its UberPOP ride-hailing service in France, the U.S. company said on Friday, after it faced often-violent protests and local authorities denounced it as an illegal taxi service. After More...
India Working to Fix e-commerce Payments Post-Uber Case: Central Bank Governor
– U.S. taxi-hailing company Uber Technologies violated Indian regulations by “bypassing” rules when it used an overseas gateway to conduct transactions in the country, Reserve Bank of India More...
South Korea Prosecutors Indict Local Uber Subsidiary
– South Korean prosecutors have indicted the local subsidiary of U.S. taxi-hailing service provider Uber Technologies Inc for violating a law governing public transport, Yonhap News Agency reported More...
Uber Business Model Faces Legal Scrutiny in Taiwan, Chinese Mega City
– Uber Technologies Inc is under fire in Taiwan and the Chinese mainland mega city Chongqing over concerns that it and its drivers are not appropriately licensed, adding to a string of official complaints More...
China’s Baidu to invest in taxi-hailing app Uber
– Search engine Baidu Inc will invest in taxi-hailing app maker Uber Technologies Inc, a person familiar with the matter said on Friday, becoming the latest Chinese Internet firm to take an interest More...
Uber CEO must turn over emails in gratuity lawsuit, U.S. judge rules
– Uber Chief Executive Travis Kalanick must disclose some of his emails to plaintiff lawyers in a lawsuit accusing the car service of misleading customers about how it shares gratuities with More...
Savir and Resnick’s Used Car Startup Beepi Raises $60 Million
Owen Savir and Alejandro Resnick’s used car startup Beepi has just raised $60 million in investments after only one year in existence. The funding gives the company a valuation of $200 million. First the Internet, More...