ride handling

Retail Asia30/03/2023

The company said on Tuesday that the Spanish ride-hailing app Cabify has raised $110 million in financing to accelerate its growth in Latin America and Spain. Cabify closed the funding round with participation from investors like Orilla Asset Management and AXIS, through Fond-ICO Next Tech. “This commitment by strategic investors is a recognition of Cabify’s […]

Retail Asia30/11/2021

China issued guidance on Tuesday to strengthen protection of employee rights and interests in new transport sectors. In a statement, the transport ministry said ride-hailing companies should improve income distribution mechanisms and provide social insurance for drivers.

Retail Asia10/09/2021

Vu Hoang Yen has been appointed the new CEO of Be Group, which runs the eponymous ride-hailing app, starting Wednesday. She replaces Nguyen Hoang Phuong who has resigned citing personal reasons. A graduate of the London School of Economics, Yen has previous work experience in e-commerce, finance, banking, and digital conversion. She was one of […]

Retail Asia06/07/2021

China’s biggest ride-hailing firm Didi Global said on Sunday that the removal of its “DiDi Chuxing” app from smartphone app stores in China is expected to have an adverse impact on its revenue. Earlier on Sunday, China’s cyberspace regulator ordered app stores to stop offering Didi’s app after finding that the company had illegally collected […]

Retail Asia30/06/2021

Ride-hailing firm Grab plans to launch electric car services in Vietnam and Indonesia after piloting a program in Singapore at the end of this year. Grab is partnering with South Korea’s automotive manufacturer Hyundai Motor to encourage the adoption of electric vehicles in Southeast Asia. Both parties will test new business models including battery and […]

Retail Asia09/12/2020

Hundreds of GrabBike riders on Monday turned off their app and gathered at the company’s office to protest its increased commission rate after the government raised tax. The office of ride-hailing firm Grab in Hanoi’s Cau Giay District was swamped by large, green-clad-rider crowds demanding the company reimpose its previous rate of commission. The gathering […]

Retail Asia16/10/2019

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Bird, an electric scooter rental company, said on Thursday it had raised $275 million in a funding round led by Canadian pension fund CDPQ and Sequoia Capital, as it looks to take a bigger share of a rapidly growing transportation sector. The deal values the firm at $2.5 billion before the investment, Chief Executive Officer […]

Retail Asia12/09/2019

Amazon.com Inc is in early talks with Go-Jek Group to buy a stake in the Indonesian ride-hailing startup, a source familiar with the matter told Reuters on Wednesday. Details of the stake were not known and the source did not want to be identified as the talks are private. Both Amazon and Go-Jek did not […]

Tag: ride handling

Ride-Hailing App Cabify Raises $110 Million For Expansion In Latam, Spain

China Beefs Up Rights Of Workers In Ride-Hailing Industry

Be Group appoints new CEO

China’s Didi says app takedown may hurt revenue

Ride-hailing firm Grab to launch electric cars in Vietnam

GrabBike riders strike over increased commission rate

Electric Scooter Startup Bird Raises $275 Million In Latest Funding Round

Amazon In Talks For Stake In Indonesia’s Ride-Hailing Startup Go-Jek