Uber News

Uber to Sell Didi Stakes Due to Difficult Transparency Environment

Didi Stake is Not Strategic According to Uber CEO

Teckwai SawDec 16, 2021

China's Uber for Trucks, Manbang, raises $1.7 billion; valued at close to $12 billion now

Investors include SoftBank, Google, Tencent, and many more

Alfred LeeNov 24, 2020

Uber looking to sell some of its $6.3 billion stake in China's ride hailing Didi Chuxing

Uber is beginning to sell some of its investments to increase its stock price

Alfred LeeSep 21, 2020

Uber buys Postmates, a food delivery startup.

The food delivery space heats up amidst the pandemic.

Wallace HoJul 07, 2020

Uber cuts 3,000 more jobs; shuts down offices.

Demand for rides have fallen more than 80%.

Alfred LeeMay 19, 2020

Uber expands West African markets providing boat service; Tinder reinventing itself to win over Asia

Suzuki, Mazda, Subaru, Isuzu Motors & Toyota invest in SoftBank-Toyota self-drive venture

Wallace HoJun 28, 2019

Apple acquires self-driving car startup Drive.ai; Uber acquires Mighty AI for self-driving cars

Grab expands to Europea Splyt Technologies; AI Marketing Startup Baiing Technology raises USD14.5M

Wallace HoJun 26, 2019

Tencent sues TikTok owner Bytedance; Huawei launches 5G lab in South Korea

Uber loses $1 billion per quarter; Go-Jek hits 10 million trips in Singapore within 6 months.

Wallace HoMay 31, 2019

Today In News: Uber plans to launch Uber Elevate, Weibo monthly active users reached 411million.

Uniqlo is entering India market, Toyota 2017 sales volume increased by 6%

BEAM TeamMay 10, 2018

Grab to end power struggle through deal with rival Uber

Grab, the largest ride hailing service in Southeast Asia, is poised to take over much of Uber’s operations in the region, putting an end to a costly struggle for market dominance

BEAMSTARTMar 09, 2018

Startup Grab To Buy Out Uber In Southeast Asia

This wouldn’t be an unfamiliar story for Uber, which was handily beaten by Didi in China before eventually caving and selling the company to the dominant ride-sharing startup in China.

BEAMSTARTFeb 17, 2018

Grab Said to Acquire Uber’s Southeast Asia Operations

SoftBank told Uber to concentrate on recovering market share in the US and key European markets.

BEAMSTARTJan 28, 2018

Travis Kalanick is now a real-life billionaire

The Uber founder’s bank account will grow by $1.4 billion thanks to the SoftBank deal.

BEAM TeamJan 06, 2018

Uber’s terrible, horrible, no good, very bad year

The year started with wide-scale boycotts of the service, and progressively got worse.

BEAM TeamDec 29, 2017

Uber's Q3 deficit stretches to $1.46 billion

Uber's Q3 losses expanded as the on-demand ride-hailing giant go through legal issues and deals with regulative investigation around the world

BEAM TeamNov 29, 2017

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