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GRAB AND UBER
Uber-backed Lime reveals revenue surge in US IPO filingLime, the electric bike and scooter company, has filed for a U.S. initial public offering. The firm reported a significant increase in year...- Robots, drones could slash global food delivery costs to $1 per order, Barclays saysAutonomous food delivery robots and drones could cut costs by several dollars to as low as $1 per order, a shift that could unlock billions...
- Gen Z employee eats lunch on camera during online office meeting. Co-founder’s cool reaction steals the showDuring a recent virtual meeting, Anushree, embodying the lively spirit of Gen Z, turned heads and sparked laughter as she joyfully dug into...
- Singapore's Grab bets on AI, new services to triple profit by 2028Grab has set goals for the next three years of growing revenue by more than 20% each year and tripling EBITDA to $1.5 billion in 2028 from ...
- Singapore's Grab to invest $60 million in remote driving firm VayGrab Holdings will invest $60 million in remote driving firm Vay Technology, the Singaporean firm said on Monday, sending its shares up mor...
- WATCH Video: Bear steals Taco Bell food delivered by Uber Eats in Florida. Know in detailA black bear stole a taco meal delivered to the residents of a house in Florida. He also takes away the soda. The entire incident has been ...
- Grab to implement cost cuts, cites uncertain macroeconomic situation: CEOThe measures include a freeze on most hirings, salary freezes for senior managers and cuts in travel and expense budgets, according to the ...
- Grab's Nasdaq debut to test its $40 billion valuation, set roadmap for SPAC hopefulsGRAB-Analysis: Grab's Nasdaq debut to test its $40 billion valuation, set roadmap for SPAC hopefuls
- Uber’s job cuts, office closures reflect narrower ambitionsUber, which for years burned cash in exchange for user growth, had also faced challenges even before coronavirus hit. Its food delivery ope...
- From cycles to waterways, Uber eyes many routesCompany launches a new app for drivers which claims to simplify earnings, works in low network areas and has multilingual capabilities.
- Toyota pumps $1 billion in Grab in auto industry's biggest ride-hailing betToyota Motor will be investing $1 billion in Southeast Asian ride-hailing firm Grab. The value of six-year-old Grab will be just over $10 b...
- Softbank reviving Ola-Uber India merger talks?Source in the know of the development has confirmed that senior executives from both companies have met several times over the past several...
- Will invest whatever we have to for success in India: Uber CEOKhosrowshahi said India is already among the top three markets (besides the US and Latin America), accounting for 10 per cent of its trips ...
- Day after selling SE Asia biz to Grab, Uber to intensify battle against OlaCEO Dara Khosrowshahi didn’t mention India, but indicated as much in a letter to Uber staff after the cab-hailing platform sold its SE busi...
- Uber’s India doom is written after Singapore falls to GrabJust as Singapore's fall was the beginning of the end of Britain's sway in Asia, so will ceding the city make it very hard now for Uber to ...
- SoftBank grabs a ticket to ride, Uber's stranded and is India next?Having already relinquished China to Didi Chuxing, giving up on Southeast Asia would be a precursor for Uber to perhaps losing India and Ja...
- After China, Uber all set to exit another marketUnder terms of the proposed agreement, Grab would buy out Uber’s operations in certain markets in Southeast Asia and Uber will take a stake...
- Uber in the crosshairs as SoftBank helps rivals raise $9 billionThe money will help Grab, which already dominates the region, defend its turf against Uber in one of the San Francisco company's most impor...
- In latest blow to Uber, Didi said to back Southeast Asia startupThe fund raising round shows that the truce between Didi and Uber in China this week is far from a global accord.
- Uber said to plan boosting India, Southeast Asia resourcesUber's shift is a sign it will not let up in its battle for customers elsewhere in Asia even after reaching a peace deal for China.
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