Ride-Sharing

Chinese Regulators Hit Didi’s Payments Arm with Major Fine

Chinese Regulators Hit Didi’s Payments Arm with Major Fine
Chinese Regulators Hit Didi’s Payments Arm with Major Fine
July 15, 2022  |  Ridesharing

The payments division of ride-sharing and food delivery firm Didi was hit with 4.27 million yuan ($632,170) in fines on Friday (July 15) by the...

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Lyft to Acquire Bike-Share Provider PBSC Urban Solutions
Lyft to Acquire Bike-Share Provider PBSC Urban Solutions
April 20, 2022  |  Partnerships

Ride-sharing app Lyft announced Tuesday (April 19) that it has agreed to buy PBSC Urban Solutions, a supplier of bicycle sharing equipment and technology to...

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Uber Says It’s Bouncing Back From Omicron, Raises 1Q Guidance
Uber Says It’s Bouncing Back From Omicron, Raises 1Q Guidance
March 07, 2022  |  Transportation

Uber raised its first quarter guidance Monday (March 7) and said its ride-hailing business is bouncing back from the omicron variant’s disruptions, The Wall Street...

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China’s Post-IPO DiDi Crackdown Shows Power Still Trumps Pragmatism In Asia’s Largest Economy
China’s Post-IPO DiDi Crackdown Shows Power Still Trumps Pragmatism In Asia’s Largest Economy
July 06, 2021  |  Cross-border Payments

In what appears to be an increasingly common show of might, Chinese government regulators have again clamped down domestically on a high-profile, publicly-traded company, despite...

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Didi Warns Of Revenue Drop
Didi Warns Of Revenue Drop
July 05, 2021  |  Legal & Regulation

Didi, the ride-hailing giant, has said it might see a revenue drop as of a new regulatory order to remove its apps from app stores...

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Uber-Postmates Deal Shows Food Delivery Is Consolidating Like Pac-Man
Uber-Postmates Deal Shows Food Delivery Is Consolidating Like Pac-Man
July 06, 2020  |  Partnerships

Call it a real-life version of Pac-Man. Word emerged on Monday (July 6) that Uber is buying Postmates for nearly $2.7 billion in stock – the latest...

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Amazon Reportedly Adding Driverless Car Maker Zoox To Its Portfolio For $1.2B 
Amazon Reportedly Adding Driverless Car Maker Zoox To Its Portfolio For $1.2B 
June 26, 2020  |  Amazon

Amazon will pay more than $1.2 billion to acquire Zoox, the Foster City, Calif., self-driving technology company, the Financial Times (FT) reported.  Get the Full Story...

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Uber Taps Adomni For Vehicle Display Ads
Uber Taps Adomni For Vehicle Display Ads
February 25, 2020  |  Merchant Innovation

Uber patrons will start seeing ads on top of the cars coming to pick them up beginning April 1, according to Adweek on Monday (Feb.24)....

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