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1-10 results from 663 for query «ride hailing»

December 13, 2018 11:02 AM Top German court rules Uber limousine service illegal

KARLSRUHE, Germany (Reuters) - Germany’s highest court ruled on Thursday that a defunct limousine service offered by Uber [UBER.UL] was illegal, in a setback for the U.S. ride-hailing company that has struggled to comply with the law in Europe’s largest economy. The Federal Court of Justice, handing down a final decision, upheld lower-court rulings in favor 143

December 7, 2018 10:07 PM Exclusive: Chat-service firm Slack taps Goldman Sachs to lead IPO

(Reuters) - Slack Technologies Inc, a provider of chat and direct messaging services for businesses, has hired investment bank Goldman Sachs Group Inc (GS.N) to lead its initial public offering (IPO) next year as an underwriter, people familiar with the matter said. The San Francisco-based company is among a string of Silicon Valley unicorns expected 210

December 3, 2018 9:27 AM Grab invests $100 million in Indian hotel startup OYO: source

(Reuters) - Singapore-based ride-hailing firm Grab has invested $100 million in Indian hotel-reservations startup OYO, a source with knowledge of the matter told Reuters on Monday. The investment by Grab is part of the $1 billion fund raise OYO announced in September in a bid to grow its business in India and China, and expand into new international 160

November 21, 2018 2:38 PM BMW to offer ride hailing services in China from December

BEIJING (Reuters) - Germany’s BMW (BMWG.DE) plans to launch ride-hailing services in China in December, the first global automaker to obtain such a license in the fast-growing market. BMW Mobility Service Ltd, a fully-owned subsidiary of the BMW Group, obtained its ride-hailing license in Chengdu, the capital of Sichuan province in China’s southwest 143

November 19, 2018 4:00 AM Google-Temasek study sees $240 billion Southeast Asia internet economy by 2025

SINGAPORE (Reuters) - Southeast Asia’s internet economy is expected to exceed $240 billion by 2025, a joint study by Google and Temasek Holdings showed, a fifth more than previously estimated, as more consumers use their smartphones to go online. The study, first published in 2016, encompasses ride-hailing, e-commerce, online travel and online media 132

November 9, 2018 5:22 PM Exclusive: Softbank's Saudi-backed Vision Fund to raise $4 billion in debt

LONDON (Reuters) - SoftBank’s (9984.T) Vision Fund is raising $4 billion in debt to help finance acquisitions and has hired Goldman Sachs (GS.N) and Mizuho (8411.T) to work on the deal, a presentation seen by Reuters said. The transaction would be the first test of debt investors’ appetite for the Saudi-backed technology fund since the crisis triggered 150

October 24, 2018 11:45 PM Daimler Starts Ride-Hailing Venture with China’s Geely

Premium ride-hailing company will use Daimler’s Mercedes-Benz cars and electric vehicles made by Geely SHANGHAI—Daimler AG and Zhejiang Geely Holding Group Co. will form a premium ride-hailing company in China, using the German auto maker’s Mercedes-Benz cars and electric vehicles made by Geely, the companies said Wednesday. A partnership between the Chinese 117

October 24, 2018 6:15 PM Uber Rival Grab Challenges China’s Tech Giants With Mastercard Deal

The ride-hailing firm is launching a new payment card after ousting Uber from Southeast Asia Fresh from ousting Uber Technologies Inc. from the Southeast Asian market, ride-hailing firm Grab Inc. is pushing deeper into digital financial services, creating a partnership with Mastercard to compete with China’s tech giants. Singapore-based Grab said Wednesday 114

October 23, 2018 10:03 PM Former Uber Executive Hired By Hedge-Fund Firm Coatue

Emil Michael had served as Uber’s chief business officer, but left following a workplace-culture probe Former Uber Technologies Inc. executive Emil Michael has joined hedge-fund firm Coatue Management LLC as a consultant, according to people familiar with the matter. Mr. Michael, who had served as Uber’s Chief Business Officer, resigned from Uber last year following 69

October 23, 2018 10:18 AM SoftBank's Vision Fund says portfolio reached 65 companies so far

RIYADH (Reuters) - SoftBank’s Vision Fund has built up a portfolio of about 65 companies so far, managing partner Saleh Romeih said on Tuesday. The $93-billion Vision Fund has investments in companies including ride-hailing firm Uber Technologies Inc [UBER.UL] and shared-office space firm WeWork. Romeih reiterated at an investment conference in Riyadh 85