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Business 14 Aug 2018 | 12:00 AM

Two Chinese EV sharing platforms in US$730mil push to fuel expansion

HONG KONG: Two electric vehicle-sharing platforms backed by powerful Chinese carmakers plan to seek external funding totalling almost US$730mil to fuel their growth, people with direct knowledge of the plans said.

Corporate News 27 Mar 2018 | 12:00 AM

Grab poised to be regional ride-sharing giant

PETALING JAYA: Malaysian-grown Grab has agreed to take over Uber’s operations in South-East Asia, creating a regional ride-sharing giant that is expanding its business into online payment and the food delivery business.

TECH 15 Jun 2017 | 7:04 AM

Uber's trucking ambitions in lower gear after Otto deal

Uber Technologies Inc's drive to become a major player in the trucking business is off to a bumpy start, with analysts and industry executives questioning what the company can bring to the sprawling billion dollar industry.

Corporate News 28 Mar 2017 | 12:00 AM

Share price of logistic firms continue to rise

PETALING JAYA: After having already rallied over the last few weeks, some logistics counters continued to rise, although analysts have attributed specific reasons as to why three particular stocks performed well

Markets 25 Mar 2017 | 12:00 AM

Logistics firms running ahead of fundamentals?

EVEN before this week’s big Jack Ma event, logistics stocks have been seeing strong interest.