ride-hailing services

Electric vehicle maker Arrival Group SA (NASDAQ: ARVL) and Uber Technologies Inc (NYSE: UBER) are working together to develop an electric vehicle purpose-built for ride-hailing services, Reuters reported on Tuesday. What Happened: Arrival plans to launch an affordable electric vehicle aimed at ride...

SoftBank Group Corp (OTC: SFTBY)-backed ride-hailing firm Grab is looking to go public in the United States in 2021, Reuters reported Monday. What Happened: The Singapore-based Grab — which offers services akin to Uber Inc (NYSE: UBER) in multiple Southeast Asian countries —...

SoftBank Group Corp’s (OTC: SFTBY) Vision Fund has disposed of $2 billion worth of Uber Technologies Inc (NYSE: UBER) common stock shares last week, as reported earlier by Bloomberg. What Happened: The technology sector investment firm sold off 38 million shares in the ride-...

Ride-hailing companies Uber Technologies Inc (NYSE: UBER) and LYFT Inc (NASDAQ: LYFT) have bagged a federal contract, worth up to $810 million, from the U.S. General Services Administration. What Happened: According to a Reuters report, both Uber and Lyft will collectively cater to over 4...

Uber Technologies Inc (NYSE: UBER) has hired a new chief technology officer from Amazon.com, Inc (NASDAQ: AMZN) after leaving the post vacant for nearly a quarter, MarketWatch reported Friday. What Happened: Sukumar Rathnam, formerly the vice-president in charge of product selection and catalog...

A big step toward profitability at Uber Technologies Inc (NYSE: UBER) and a stated interest at the company in ramping toward making money more quickly boosted the ride-hailing company's credibility on Wall Street, prompting sell-side analysts to boost price expectations on the stock. Analysts...

Last Friday, reports suggested that JD.Com Inc(ADR) (NASDAQ: JD) has invested about $100 million in Go-Jek, a ride-hailing service based in Indonesia. The news of the investment was first reported by technology-focused news service Information. The investment, made as part of Go-Jek's latest...