December 19th, 2017Ride-hailing firm Grab, the biggest Southeast Asian rival of Uber Technologies Inc, on Tuesday said it has launched services in Phnom Penh, Cambodia, expanding its presence to an eighth country in the region.
The Singapore-headquartered firm said it signed a memorandum of understanding with Cambodia’s Ministry of Public Works and...
December 16th, 2017Ride hailing company Uber was obligated to turn over to a U.S. federal judge a letter from a former employee that told of the company’s “fraud and theft” and mentioned evidence of stolen trade secrets nailed “like a scalp” to the wall, a court official said Friday.
Special master, John Cooper, assigned to a lawsuit against...
November 27th, 2017Uber executives are traveling the globe to reassure regulators that the company is changing the way it does business, after a string of controversies hurt the ride-hailing firm’s reputation, its Asian head said on Monday.
These comments come on the heels of Uber’s disclosure last week that it covered up a 2016 data breach which...
November 24th, 2017Uber Technologies Inc said on Thursday that it discussed a massive data breach with potential investor SoftBank Group Corp ahead of going public with details of the incident on Tuesday.
The ride-hailing service is trying to complete a deal in which the Japanese company would invest as much as $10 billion for at least 14 percent of Uber,...
November 21st, 2017SoftBank Group’s multi-billion dollar investment in Uber Technologies Inc opens up the possibility of combining it with other ride-hailing assets the Japanese group owns in a consolidation of a rapidly growing business across Asia, industry sources say.
Uber Technologies Inc said on Nov. 12 that a planned deal with a consortium led...
November 14th, 2017Uber has now come up with another plan to offer another 25-30 percent slash on the prices of its share rides. With Uber Express Pool, it is asking you to walk a few blocks to reach the pickup hotspot and get off at the destination hotspot, which may be a minutes walk away from your actual destination.
Uber 'Express Pool' will surely...
November 13th, 2017apanese multinational telecommunications and Internet corporation SoftBank Group has reached a multibillion-dollar deal with San Francisco based Uber Inc, it confirmed in a statement.
Although the details of the deal have not been yet disclosed, but as per the reports, the deal could be worth up to $10 billion of Uber's stocks. It is...
October 13th, 2017Uber lodged a court appeal on Friday to overturn a decision by London’s transport regulator that stripped the taxi app of its operating licence in its most important European market, the first stop on what is set to be a long legal road.
Transport for London (TfL) shocked the Silicon Valley firm last month by deeming it unfit to run...
October 2nd, 2017If history is a guide, Uber Technologies new Chief Executive Dara Khosrowshahi is likely to dangle data sharing and a promise to pay fines and fees when he sits down with London officials to negotiate the ride service’s future in one of its most important markets.
From the Philippines to Portland, Oregon, the strategy has worked...
September 30th, 2017Uber Technologies Inc co-founder Travis Kalanick on Friday said he had appointed two new directors, a surprise move that publicly reignited a board battle over the role of the ousted former chief executive.
Uber investors are divided over whether Kalanick, who was pressured to step down as CEO earlier this year in the wake of several...
September 21st, 2017A U.S. bribery investigation at ride-hailing company Uber Technologies Inc will likely go on for a year or more and could lead to snowballing legal and compliance costs if lawyers find systemic problems.
Uber, which is the subject of a U.S. probe into whether it paid bribes oversees, has started a review of its Asia operations and...
September 13th, 2017Salle Yoo, Uber Technologies Inc.’s chief legal officer, is expected to leave the ride-hailing company, two people familiar with the matter said.
Yoo has been leading Uber’s legal team for five years now, earlier as a general counsel and then as Chief Legal Officer. She will be staying until Uber appoints someone in her...
