Ride Hailing App news and trends

China Launching State-Owned Ride-Hailing App, Easing Tech Crackdown 

January 18, 2023
Microsoft Invests In Grab; The Two Form Strategic Alliance
Ridesharing // October 09, 2018

Microsoft and Grab, the on-demand transportation, mobile payments, and online-to-offline services platform in Southeast Asia, announced Monday (October 9) a strategic partnership in which Grab will tap Microsoft’s machine learning and artificial intelligence capabilities. In a press release, the companies said that in the first...

Taxify Beats Uber In Africa
Ridesharing // September 17, 2018

Taxify, the African ride-hailing app company, is ahead of Uber Technologies, moving from an Estonian startup to a tech unicorn within five years, reported The Wall Street Journal (WSJ). According to a report in the paper citing Taxify, the company has 2.4 million active users in...

Toyota Invests $500 Million In Uber As Part Of New Partnership
Partnerships / Acquisitions // August 28, 2018

Toyota Motor is gearing up to invest $500 million in ride-hailing company Uber Technologies as part of a deal to work on self-driving vehicles with an eye toward making them safer and lowering the cost of transportation. The Wall Street Journal, citing people familiar with...

Uber And Careem In Talks To End Costly Rivalry
Ridesharing // July 05, 2018

Uber Technologies, the ride-hailing company, is reportedly in early-stage talks with Careem Networks, the Middle East-based ride-hailing company, to combine operations or for Uber to buy the company outright. Bloomberg, citing three people familiar with the matter, reported that the aim is to put an end to a...

Quick Reads
China Launching State-Owned Ride-Hailing App, Easing Tech Crackdown 

January 18, 2023
China is reportedly launching a state-owned ride-hailing app. The launch of Strong Nation Transport signals that China aims to be involved in the tech industry even as it eases an earlier crackdown on giants in the sector, the Financial Times reported Wednesday (Jan. 18). The new Strong Nation Transport app will initially be available to […]

Microsoft Invests In Grab; The Two Form Strategic Alliance

October 09, 2018
Microsoft and Grab, the on-demand transportation, mobile payments, and online-to-offline services platform in Southeast Asia, announced Monday (October 9) a strategic partnership in which Grab will tap Microsoft’s machine learning...

Taxify Beats Uber In Africa

September 17, 2018
Taxify, the African ride-hailing app company, is ahead of Uber Technologies, moving from an Estonian startup to a tech unicorn within five years, reported The Wall Street Journal (WSJ). According to...

Toyota Invests $500 Million In Uber As Part Of New Partnership

August 28, 2018
Toyota Motor is gearing up to invest $500 million in ride-hailing company Uber Technologies as part of a deal to work on self-driving vehicles with an eye toward making them...