February 26, 2024
Amazon Joins Dow Jones as Index Embraces Connected Economy
The digital economy has come full-force to Wall Street. To be sure, there are thousands of tech-heavy companies — asset light, digital first, perhaps digital-only players trading on various exchanges. ...
February 23, 2024
Report: Uber Considers Investment in African Vehicle Financing Startup Moove
Uber is reportedly considering joining other investors in a funding round for Moove, an African vehicle financing startup. The funding round could total between $75 million and $100 million and...
February 23, 2024
Grab Holdings Leverages AI in Drive Toward Full-Year Profitability
Grab Holdings, the Southeast Asian ride-hailing and delivery specialist, reportedly aims to achieve full-year profitability by focusing on organic growth and investing in artificial intelligence (AI) technologies. The company is...
February 22, 2024
Grab Users Boost Digital Bank Adoption as Delivery, Ride-Hailing Businesses...
Singapore’s Grab reported its first-ever quarterly profit on Thursday (Feb. 22). This, despite a cautious outlook for annual sales as its ridesharing and food delivery operations in the “fertile” Southeast...
February 15, 2024
Report: Sen. Marco Rubio Asks SEC to Block Shein IPO
Sen. Marco Rubio, R-Fla., is reportedly asking the Securities and Exchange Commission (SEC) to prevent fast fashion platform Shein from its bid to list publicly in the U.S. market. The senator...
February 15, 2024
InDrive Says Transparent Ride-Hailing Pay Structure Will Ensure Fair Compensation...
The emergence of ridesharing platforms such as Uber and Lyft has not only transformed commuting habits but also reshaped the gig economy landscape, granting drivers unprecedented levels of flexibility and autonomy. However, complex gig...
February 14, 2024
Uber, Lyft Differences Boil Down to Transportation vs End-to-End Mobility
Uber and Lyft’s most recent earnings reports spotlight a widening divergence in approach in business models. At first glance, there’s a core focus for both firms: That would be matching...
February 13, 2024
GoTo Denies Report of Merger Talks With Grab Holdings
GoTo has denied that it is in merger talks with Grab Holdings. The company said in a Tuesday (Feb. 13) filing that it “is not having any discussion on such matters,” Reuters reported Tuesday. Bloomberg reported Friday (Feb....
February 09, 2024
Report: Grab Holdings and GoTo Group in Preliminary Merger Discussions
Southeast Asian ride-hailing and food-delivery companies Grab Holdings and GoTo Group are reportedly in talks to merge. The companies are in preliminary discussions and are exploring various scenarios for a potential merger, Bloomberg reported Friday (Feb....