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BlackRock Inc
BlackRock grows private credit business with Kreos acquisition
...Since its founding in 1998, Kreos has lent more than €5.2bn to fast-growing start-ups in areas across tech and healthcare including food delivery company Delivery Hero and Israeli taxi-hailing app Gett.The...
June 8, 2023
#techAsia
China’s edge in flying cars and an Asian tag-team in AI Premium content
...Last month, Guangzhou-based autonomous aerial vehicle maker Ehang started to sell its air taxi on Taobao, with a price tag of Rmb2.39mn, or around $330,000....
April 25, 2024
FT Live
TNW Conference 2024 - The Next Web
Europe’s leading tech event for corporates, startups, investors and governments
Thursday, 20 JuneAmsterdam, Netherlands
Unhedged
Everyone calm down about CPI Premium content
...That does not, however, resolve the question of whether it is just a big taxi company. Yes, it generates cash. But its returns are still below that of traditional transport companies....
February 14, 2024
Uber Technologies Inc
Uber courts London’s black-cab drivers in push to expand services
...We look forward to giving every taxi driver in the world access to Uber trips while continuing to earn the trust of our taxi partners globally.”...
November 29, 2023
News in-depthIran
Thousands of Iranians fall victim to cut-price Apple iPhone scam
...They include national football team goalkeeper Alireza Beiranvand and taxi driver turned celebrity Sadegh “the hornblower”, who shot to fame in December with his viral dance moves at a local fish market....
February 23, 2024
Unhedged
Is Uber’s buyback a good idea? Premium content
...Combining the two, we can ask: should this fast-growing, moderately profitable taxi company buy back its own shares? Is that a good use of capital?...
February 15, 2024
FT Live
Innovation in Wealth Management Summit
Augmented intelligence for client-centric services
Thursday, 2 May9 Montague Close, London, UK
Transport
Helicopter services in rush for electric air taxi future
...Mobility, the helicopter shuttle company backed by Cathie Wood and David Zaslav, has struck a $12m deal with a Canadian helicopter operator, betting that a wider network will give it a lead if electric air taxis...
December 2, 2021
#techAsia
Asians woo Tesla, Taiwan’s Kinsus mulls Malaysia substrate play Premium content
...Vietnamese EV maker VinFast’s factory with the company’s CEO, Pham Nhat Vuong, who is pushing into Indonesia — south-east Asia’s most populous country and biggest economy — with manufacturing, ride-hailing and taxis...
January 18, 2024
Electric vehicles
Chinese ride-hailing group Didi to sell smart vehicle unit to Xpeng
...“It’s a win-win cooperation,” said Owen Chen, an analyst with S&P Global Mobility, “Xpeng can enter the B2B market by selling cars to Didi… while Didi can also employ more smart taxis developed by other...
August 28, 2023
Barcelona
EU court overturns Barcelona’s limits on ride-hailing groups
...About 4,000 taxis are now available for hire through Uber’s app in Spain....
June 8, 2023
News in-depthBaidu Inc
Baidu’s bet on AI could make or break China’s fallen tech group
...“fully driverless” robotaxis in cities including Beijing and Wuhan, but Chinese officials still largely require human drivers to remotely monitor every ride, undermining the economics of a self-driving taxi...
January 5, 2024
Unhedged
Better growth = more uncertainty Premium content
...Services you buy while working in the office, like tailoring and taxis, have been substituted for goods you buy while working at home, like electronics....
October 18, 2023
HM Revenue & Customs
UK tax authorities pursue Uber in widening VAT dispute
...Last week Uber won a case at the UK high court over how VAT is applied by private cab operators and taxi-hailing firms in the UK outside London....
August 2, 2023
LexUber Technologies Inc
Uber: steeper driver charges are only a short-term fix Premium content
...The company has made $5.1bn in equity investments in companies like self-driving developer Aurora and electric air-taxi company Joby. This can result in net income fluctuations....
August 1, 2023
John Gapper
Barbie is a brand that keeps changing with the times
...It dismays auteurs from the golden (or imagined golden) days of film: Martin Scorsese, director of Taxi Driver and Goodfellas has called it “brutal and inhospitable to art.”...
July 7, 2023
FT Live
Crypto and Digital Assets Summit Asia
Transforming mainstream finance
Thursday, 5 DecemberDigital Conference
Tesla Inc
Tesla robotaxis are worth $700bn, or $870bn, or zero
...According to our math, robotaxis should cost far less than private cars, given much better utilization (in the US, taxis do 6x as many miles per year vs a private car)....
July 18, 2023
Inside BusinessRichard Waters
The aftermath of Silicon Valley’s ugliest decade
...For Uber, trampling on regulations and antagonising the taxi-drivers it wanted to replace was a feature, not a bug....
August 3, 2023
News in-depthNikkei Asia
Cambodia vexes Vietnam with plan to divert Mekong trade via China-built canal
...Additional reporting by Eung Sea A version of this article was first published by Nikkei Asia on March 12. ©2024 Nikkei Inc. All rights reserved....
March 21, 2024
Uber Technologies Inc
Uber makes first operating profit after racking up $31.5bn of losses
...The aggressive push involved it flouting taxi regulations in many countries and, to critics, made Uber a byword for Silicon Valley arrogance in the cheap-money decade between the financial crisis and the...
August 1, 2023
Unhedged
The consumer wobbles, a bit Premium content
...The telephone can still be used to order a local taxi . . ....
May 16, 2023
OutlookSamer Al-Atrush
Saudi Arabia’s Uber problem is of the government’s own making
...In a city that has been waiting years for its delayed metro system to be finished, has no other public transport and a dearth of taxis, unreliable ride hailing services compound the problem....
July 6, 2023
Tesla Inc
Musk signals willingness to sacrifice Tesla margins for market share
...company has missed repeated targets Musk has set for full autonomy and has given only the broadest outline of how it could earn fees from letting Tesla owners rent out their personal cars as driverless taxis...
April 19, 2023
Inside BusinessEleanor Olcott
Didi fights back in China
...Drivers say Didi also encouraged them to stay loyal by paying their fines if they were discovered by authorities not to have the proper taxi licence....
March 16, 2023
UnhedgedRobert Armstrong
Divided government, diminished profits Premium content
...Sounds about right for a taxi company. Google’s free cash flow margin? Twenty-two per cent....
November 2, 2022
LexUber Technologies Inc
Uber: focus on adjusted profit metrics is outdated Premium content
...It has more than $5bn of investments in companies, including Chinese ride-sharing giant Didi and flying taxi start-up Joby....
February 8, 2023

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