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 18th, 2017Uber Technologies said on Monday it has joined forces with BBM Messenger to allow users around the world, including in the application’s biggest market of Indonesia, to book rides via the messenger service.
The partnership agreement is with Creative Media Works, operating as BBM Messenger, the company said in a...
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...
December 8th, 2017Beijing, China's ride hailing giant Didi Chuxing is planning to expand its services to expand to Mexico by next year, marking the company's first international expansion move. This also signals a new phase of competition with global ride sharing company Uber, which quit its Chinese business by selling it to Didi in 2016 after lengthy and...
December 1st, 2017Multiple women have accused Uber investor Shervin Pishevar of sexual misconduct, in a talk with Bloomberg. Pishevar, an early investor of San Francisco based ride-hailing company has been alleged with the misconduct, that he outdid in December 2014.
Uber held a holiday party on an unfurnished floor at its headquarters in San...
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 27th, 2017Mexico’s transparency body said on Sunday it would seek information from Uber about the consequences of a large data breach that the ride-hailing company disclosed on Tuesday.
The National Institute of Transparency, Access to Information and Protection of Personal Data said it would attempt to determine how many users, drivers and...
November 24th, 2017Uber's hard core rival Lyft is seeking an additional cherry on top funding of $500 million, over and above $1 billion it raised in a round led by Alphabet's venture arm CapitalG last month.
This has raised the bar of its valuation to $11.5 billion in comparison to previous $7.5 billion. The funding is not yet been closed and this $500...
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 23rd, 2017A newspaper advertisement for an Uber Technologies Inc stock sale was juxtaposed on Wednesday with a report that the ride-service provider had covered up a data hack – something of a metaphor for Uber, a company with boundless investor interest, but whose penchant for rule-breaking has led to a series of scandals.
The stock sale...
November 22nd, 2017Uber Technologies Inc paid hackers $100,000 to keep secret a massive breach last year that exposed the data of some 57 million accounts of the ride-service provider, the company said on Tuesday.
Discovery of the company’s cover-up of the incident resulted in the firing of two employees who led Uber’s response to the hack, said Dara...
November 21st, 2017Self-drive car rental service Zoomcar India Pvt Ltd is in talks to raise a funding of $50 million from new and existing investors, Mint reported.
Citing two people aware of the development, the financial daily reported that Zoomcar's funding talks have progressed with M&M (Mahindra & Mahindra) the Indian multinational car...
