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JAPAN UBER EATS HOSTS BICYCLE TRAINING SESSION FOR ITS STAFF MEMBERS

Highlights –

Japan Uber Eats hosts bicycle training session for its staff members.
Uber Eats co-hosted the session with Japan Cycling Association.
Thirty-three delivery workers joined the training session.
The session was h...

UBER TO RECRUIT 20,000 DRIVERS ON POST-LOCKDOWN DEMAND IN UK

Highlights:

The company Uber is going to 20,000 drivers on the post-lockdown demand in United Kingdom
Uber said that, it has been aiming to sign up the additional drivers by the end of the year 2021

The company Uber has been planning...

TOYOTO TO ACQUIRE LYFT’S SELF DRIVING DIVISION FOR $550 MILLION

Highlights –

Toyota to acquire Lyft’s self-driving division for $550 million.
Toyota will make the purchase via its unit engaging in software developments Woven Planet Holdings Inc.
Toyota is also working with Aurora Innovation ...

TAXI HAILING T MAP MOBILITY TO ISSUE NEW SHARES WORTH $357.3 MILLION

Highlights –

Taxi hailing T Map Mobility to issue new shares worth $357.3 million.
The shares will then be allocated to two private equity funds (PEFs).
T Map Mobility’s move comes as it plans to compete with Kakao Mobility.

DIDI LIKELY TO LEAD IPO THROUGH GOLDMAN, MORGAN STANLEY

Highlights –

Didi likely to lead IPO through Goldman, Morgan Stanley.
China’s top ride-hailing firm is backed by SoftBank, Alibaba and Tencent.
If Didi decides to sell 10% of its shares, itcould raise about $10 billion.

CMA CLEARS UBER’S TAKOVER OF AUTOCAB AFTER RAISING CONCERNS

Highlights:

The competition watchdog of UK has cleared the Autocab takeover of Uber after raising the concerns
The CMA has started its investigation for the possible effects on the supply of the dispatch software

On Monday, the compe...

UBER TO GIVE ITS DRIVERS PENSION, MINIMUM WAGE AND HOLIDAY PAY IN UK

Highlights:

The company Uber is going to give the drivers pension, minimum wage and holiday pay in United Kingdom
The company has made this announcement after it lost an appeal at the Supreme Court of UK in last month

The company Ube...

NEW CRYPTO PLATFORM ECO, OFFERS REWARDS FOR SAVINGS & SPENDINGS

Highlights:

• Eco is a crypto start-up

• The platform aims to be better than banks, credit cards and checking accounts put ...

NET PROFIT OF SOFTBANK GROUP IN APRIL-DEC. PEIOD RISE OVER $29 BILLION

Highlights –

Net profit of SoftBank Group in April-Dec. period rise over $29 billion.
The massive increase was due to the stock valuation of its tech-company investments.
The company’s sales in nine months through Dec. were 4.14...

EUROPE: UBERCLOUD AND NI SP ANNOUNCED STRATEGIC PARTNERSHIP

Highlights:

The companies UberCloud Inc. and NI SP GmbH have announced that they are entering into a strategic partnership
In the partnership they will be combining the 3D VDI of NI SP and the High-Performance Computing or HPC with HPC container techn...

UBER ACQUIRES ALCOHOL DELIVERY SERVICE DRIZLY FOR $1.1 BILLION

Highlights

• The ride-share giant said Drizly's mobile app will stay operational though its ability to order liquid courage using Drizly’s infrastructure will be incorporated into the User Eats app eventually

• The companies said in a joint statement that t...

UBER COMPLETES ACQUISITION OF POSTMATES ANNOUNCED IN JULY

Highlights

• Uber on Tuesday announced completion of its Postmates acquisition deal worth $2.65 billion, which was initially announced in the month of July

• Postmates currently has over 6 lakh restaurants and retailers on its platforms including several buzzing bran...

SK TELECOM TO MERGE WITH UBER IN AUTONOMOUS CAR SECTOR AMIDST RIDE HAILING APP JV

SK Telecom Co., South Korea's prestigious mobile carrier, said Friday it will detract from its mobility platform, creating a separate business entity as it teams up with US ride-hailing company Uber Technologies Inc. in a move to grab a chunk of business mainly focused in the connecte...

UBER LOST LEGAL BATTLE IN HONG KONG FOR LOCAL RIDE SHARING

HIGHLIGHTS

Uber on Wednesday said it was looking for a much-needed discussion with Hong Kong's administration after drivers working for the organization lost a milestone legal dispute that could disable ride-sharing applications in the city.

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DELHI: Ola, Uber DRIVERS RAISE VARIOUS DEMANDS, THREATEN TO GO ON STRIKE FROM SEPTEMBER 1

Highlights

• According to Kamaljeet Singh Gill, president of Sarvodaya Drivers Association of Delhi, nearly 2 lakh drivers will participate in the strike

• The Central Government’s moratorium on EMI payment will end on August 31

• Delhi Metro tra...

CALIFORNIA APPEALS COURT HALTS LOWER COURT ORDER OVER UBER AND LYFT DRIVER-EMPLOYER ISSUE

Highlights –

California appeals court halts lower court order over Uber and Lyft driver-employer issue.
Drivers wish to continue working as independent contractors.
The initial ruling forced the companies to treat their drivers as em...