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US-based Uber said India is the fastest growing market for its food delivery platform Uber Eats and the service is being rapidly expanded to cover more Indian cities. Uber had launched Uber Eats in India in May last year and recently expanded the service to…
Uber on Tuesday named a news chief financial officer as the smartphone-summoned ride service remained on the road to a stock market debut next year. Nelson Chai came on board from Chicago-based insurance firm Warranty Group, where he was chief executive,…
Ride-hailing firm Uber has withdrawn its lawsuit over HCMC’s demand for $2.3 million in back taxes and fines. A tax department official said Friday that the HCMC People’s Court has suspended the case in which the Netherlands-based Uber B.V. had sued the…
Apart from the company contesting the department’s claims, the fact that it has sold its Southeast Asia business to its former competitor Grab adds to the difficult, department deputy director Tran Ngoc Tam said at a recent half-year review meeting. He said…
Vietnamese authorities have launched an investigation into Grab’s acquisition of Uber’s Southeast Asia operations, which has shown signs of breaching local antitrust laws. The investigation is estimated to take 180 days, starting Friday and can be extended by…
The deal has left tax payments unresolved and questions remaining about a potential market monopoly. Tax authorities in Ho Chi Minh City have once again sent a request to Grab in Vietnam asking the company to provide details concerning its recent acquisition…
Uber ride sharing drivers and customers in Jakarta and other 50 Southeast Asian cities have until April 8 to transfer their accounts to Grab, following an announcement on Monday (26/03) that Uber will sell its business in the region to the Singapore-based…
Ride-hailing giant Uber is selling its business in Southeast Asia to regional rival Grab while gaining a robust stake in the fast-growing ridesharing, food delivery and financial services business. Grab said Monday that Uber will take a 27.5 percent stake and…
Ride-hailing firm Uber Technologies Inc has agreed to sell its Southeast Asian business to bigger regional rival Grab, the firms said in a statement on Monday, marking the U.S. company’s second retreat from an Asian market. The deal marks the industry’s first…
The Transportation Ministry in April will start ticketing ride-hailing drivers who violate the rules as stated in Transportation Ministerial Regulation No. 108/2018 on non-route public transportation. The ministry will pay particular attention to drivers who…
Cargo, a startup intimately tied to Uber, just closed a $5.5 million seed round for its venture that lets drivers sell products to their riders. While PSFK has covered Cargo before, the funding represents a significant step forward for the idea and came with…
Uber’s founders first tested their app among San Franciscans, a pair of Harvard Business School classmates from Malaysia seized upon a similar idea: They wanted to build Uber, but for Asia. In 2012, they launched a ride-sharing service with 40 drivers in…
Indonesia’s Transportation Minister Budi Karya Sumadi confirmed on Thursday (25/01) the government will start implementing its newly-revised regulation for app-based ride-hailing services in February. The new ministerial regulation for services like Uber and…
AirAsia passengers will be able to book or schedule rides from Uber through AirAsia once they have booked their tickets and become eligible for promotions. The ride-sharing company Uber and Asia’s fourth biggest airline have announced a partnership to provide…
Ride-hailing apps Grab and Uber are to be officially authorized in Vietnam after completing trial runs, but the government has pledged to impose the stricter controls it currently imposes on local transport firms. The phone-based transport services have…
Travellers will now be able to book their rides to the airport a month ahead, following a partnership between AirAsia and Uber. The low cost carrier and ride-share service will be working together in 52 cities in 16 markets across Asia Pacific and the United…
