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The rapid rise of ride-hailing services such as Uber and Lyft has taken a big bite out of businesses that rely on people who need to park their cars. Now they're facing a choice: keep dwindling, or innovate.
Singapore police said they are investigating a complaint from Ryde Technologies, a new entrant in the city state's competitive ride-hailing business, that alleged fake bookings were made on its app.
Egypt’s President Abdel-Fattah el-Sissi approved a law governing popular ride-hailing apps Uber and Careem after the companies appealed a court ruling that revoked their licenses, the country’s official gazette reported.
Grab Malaysia will offer cash reimbursements to e-hailing drivers who have to go through the process of getting the Public Service Vehicle (PSV) Licence.
Using an app to order up a car ride isn’t common in Japan, even though ride-hailing has spread across the globe. That’s partly because finding a taxi usually isn’t difficult, unless it’s in the suburbs or there’s pouring rain during rush hour.
Malaysia's parliament on July 27 passed two bills that will legalise e-hailing services, as ride-hailing firms Grab and Uber Technologies Inc race to expand in the region.
Los Angeles City Council voted on Aug 25 to let ride-hailing services such as uberX and Lyft pick up passengers at the city's international airport, which will become the largest US air hub to allow the practice.
Singapore is proposing to step up regulation of ride-hailing companies such as Grab and Go-Jek, bringing rules for the services in line with taxi operators in a bid to better protect the safety of commuters and drivers.
Malaysia is studying monopoly risk in the ride-hailing market in the country triggered by the merger of Grab and Uber, and is bringing the service under some existing regulations, the transport ministry said on July 11.
Toyota Motor Corp has agreed to invest US$1bil in South-East Asian ride-hailing firm Grab as a lead investor in the company's ongoing financing round, which was launched after it bought Uber Technologies' regional business.