July 10, 2023
China’s IPO Applications Plunge in First Half of 2023
So far, 2023 has not been a good year for the Chinese IPO (initial public offering) market. As Reuters reported Monday (July 10), IPO applications in that country dropped by a third...
July 09, 2023
Major Victory For Grab As Malaysian High Court Overturns Antitrust...
In a major victory for e-hailing operator, Grab Holdings Inc, the Malaysian High Court has overturned the Malaysia Competition Commission’s (MyCC) proposed RM86. 77 million (€17.1 million) fine. Justice Wan...
July 04, 2023
Report: Shein in Talks With NYSE and Nasdaq About IPO
Online fast-fashion retailer Shein is reportedly working with investment banks about a possible public listing. The Chinese company has held talks with both the New York Stock Exchange and Nasdaq,...
June 29, 2023
Shein Denies Report of Confidential Registration for IPO in US
Shein has denied a media report that it has registered for an initial public offering (IPO) in New York. Reuters reported Thursday (June 29) that the fast-fashion retailer has confidentially...
June 27, 2023
Amazon-Owned Zoox Begins Operating Driverless Robotaxi in Las Vegas
Zoox announced Tuesday (June 27) that it has been operating its driverless robotaxi in Las Vegas for two weeks. The autonomous car — which has no steering wheel or pedals —...
June 21, 2023
Bolt and Starship Technologies Partner to Develop Autonomous Deliveries
Bolt and Starship Technologies have partnered to develop autonomous deliveries of meals and groceries. The collaboration brings together Bolt’s experience in offering ride-hailing, micromobility, and food and grocery delivery services and Starship Technologies’ autonomous delivery...
June 20, 2023
Grab Prepares for Layoffs Amid Slowing Growth
Singapore’s Grab is readying its largest round of job cuts in three years. The ride-hailing and food delivery platform announced Tuesday (June 20) that it was letting go of 1,000...
May 30, 2023
Uber Executive Says European Taxis Joining Platform
A growing share of European taxi drivers’ business is coming from Uber. The share of these taxi drivers’ rides that are booked on the platform has risen from 5% a...
May 29, 2023
Uber’s European Business Grows After Partnering With Taxi Drivers
A growing share of European taxi drivers’ business is coming from Uber. The share of these taxi drivers’ rides that are booked on the platform has risen from 5% a...