Didi Stake is Not Strategic According to Uber CEO
It has also expanded into 6 new countries in 2020
Investors include SoftBank, Google, Tencent, and many more
Uber is beginning to sell some of its investments to increase its stock price
The food delivery space heats up amidst the pandemic.
Demand for rides have fallen more than 80%.
Suzuki, Mazda, Subaru, Isuzu Motors & Toyota invest in SoftBank-Toyota self-drive venture
Grab expands to Europea Splyt Technologies; AI Marketing Startup Baiing Technology raises USD14.5M
Uber loses $1 billion per quarter; Go-Jek hits 10 million trips in Singapore within 6 months.
Uniqlo is entering India market, Toyota 2017 sales volume increased by 6%
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
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.
SoftBank told Uber to concentrate on recovering market share in the US and key European markets.
The Uber founder’s bank account will grow by $1.4 billion thanks to the SoftBank deal.
The year started with wide-scale boycotts of the service, and progressively got worse.
Uber's Q3 losses expanded as the on-demand ride-hailing giant go through legal issues and deals with regulative investigation around the world