Chinese ride-hailing giant Didi Chuxing said on Thursday it had bought Brazil's 99 Taxis, opening another front in the Beijing-based company's global battle with Uber.
Didi, which claims to be the world's leading mobile transportation platform with more than 450 million users, had become a strategic investor in 99 Taxis last January.
It now will acquire the company outright along withRead more
Chinese ride-sharing firm Didi Chuxing said Thursday it had raised $4 billion from investors, months after a funding round that made it Asia?s most valuable startup, as it presses on with a global battle with US giant Uber.
Local (Stuttgart: 19549987.SG - news) and foreign groups contributed to the huge pot, which will be used to fuel Didi's globalRead more
Uber Technologies should be classified as a transport service and regulated like other taxi operators, the European Union’s top court said, in a landmark ruling on Wednesday (Dec 20) that could impact other online businesses in Europe.
Uber, which allows passengers to summon a ride through an app on their smartphones, has transformed the taxi industry since its launch inRead more
Uber is a transportation company, according to a landmark ruling from Europe's highest court. The European Court of Justice (ECJ) ruled Wednesday that the U.S. ride-hailing app is a transportation firm and not a digital company. The verdict is a long-awaited judgment expected to have major implications for how Uber is regulated throughout Europe."The service provided by Uber connecting individuals withRead more
Ride hailing phone app Uber is a taxi service and can be regulated, an EU Court has ruled.
The ruling from Europe's highest court found that Uber "must be regarded as being inherently linked to a transport service and, accordingly, must be classified as 'a service in the field of transport'".
In short, this means Uber will now be officiallyRead more
The Spanish taxi drivers' association that had asked the EU's top court to rule that Uber is an ordinary transportation company subject to regulation on Thursday welcomed as "a social victory" the landmark decision in their favour.
"This will truly represent a social victory, and the whole of society will benefit from this," Ivan Esma, spokesman for the Elite TaxiRead more
The EU's top court ruled on Wednesday that Uber is an ordinary transport service and not just a ride-hailing app, meaning that countries can regulate it.
"The service provided by Uber connecting individuals with non-professional drivers is covered by services in the field of transport," the European Court of Justice said in a case brought by a Spanish taxi drivers'Read more
A driver arrested over the murder of British embassy worker Rebecca Dykes in the Lebanese capital Beirut has confessed to killing her, a judicial source told AFP on Monday.
The driver with ride-hailing giant Uber admitted strangling the 30-year-old after trying to rape her late on Friday night.
"The prisoner has confessed that he took advantage of the drunken stateRead more
Uber may be shredding business models for taxi firms the world over but it is struggling to make inroads in Japan, where risk-averse passengers prefer to stick to their high-quality traditional taxi service.
Japan, with its wealthy customer base and megacities like Tokyo, should represent rich pickings for Uber.
In 2015, the national market for taxis had a turnover ofRead more
The city of York in northern England has refused to grant US ride-hailing app Uber a new licence to operate, creating more headaches for the company in Britain after a similar move by regulators in London.
The York city council explained its decision on Tuesday by citing recent complaints it had received about the service and a global data protectionRead more