PayPal to invest $500 million in Uber
Online payments company PayPal Holdings Inc plans to invest $500 million in Uber Technologies Inc as the ride-hailing firm readies to unveil terms for its initial public offering on Friday, Refinitiv IFR reported. PayPal will invest in Uber through a concurrent private placement at the IPO price, IFR reported on Thursday, citing sources. A financial…
Uber now allows users to make up to three stops per ride
Uber riders do not have to make stops manually during their trips anymore, as Uber has updated its service to allow passengers to add multiple stops. All the riders would have to do is to tap ‘Where to?’ on the app, and select the ‘+’ box. Users are allowed to add up to three destinations, as well as adding…
The Seabubbles water taxi aims to be the future of public transportation
Public transportation is set to be revolutionized yet again thanks to Seabubbles, whose goal is to be the water taxi equivalent of Uber. Its prototype was unveiled at the Viva Tech Conference in Paris, and its design resembles a futuristic egg. Founders Alain Thebault and Anders Bringdal are working…
Uber comes clean about underpaying its drivers in NYC since 2014
Uber has just admitted that it has underpaid thousands of drivers in New York City for as long as two and a half years. According to the company, the error was a result of an accounting error. Specifically, Uber miscalculated its own cut of the commission. Instead of…
Uber celebrates its third year in Malaysia with discounted rides!
All you have to do is key in the UBER3RDBDAY promo code within the Uber app. Do keep in mind that that the maximum discount per trip is RM5, which means you can’t just hitch a ride to Singapore and expect to be entitled to the 33-percent discount. That’s…
Uber is offering RM0.99 rides for short trips within the Klang Valley
Unless you’re some kind of sadist, the thought of having to travel and search for a parking space within the heart Kuala Lumpur during rush hour should leave you trembling in fear. But that doesn’t mean you should completely avoid attending meetings that are held in the city center, because…
rucking, virtual learning and gambling online are businesses likely to weather any short-range economic uncertainty.
For many people, the recession of 2007-2008 is still fresh on their minds. Going through another downturn, and so soon, would be dreadful. However, terrible policies and unnecessary political confrontations between nations could plunge the world into another recession. And it’s not like we’re not feeling the effects of a…
Didi Kuaidi’s rise to power (INFOGRAPHIC)
It’s hard to believe that Didi Kuaidi, a company with more than 250 million users and a value upwards of $16 billion, is such a new company. This time last year, in fact, it didn’t exist at all. At that point, there were still two competing apps and services, Didi…
GrabTaxi’s journey to a billion-dollar start up (INFOGRAPHIC)
In recent years, Asia has experienced a ride booking boom. Uber is aggressively attacking Southeast Asia, while Rocket Internet’s Easy Taxi is still fighting hard to gain a strong foothold in the region – sometimes unsuccessfully. GrabTaxi is the only home grown app gaining traction across large swathes of Asia.…