Microsoft announced it would invest an undisclosed amount in the Singapore-based ride-hailing service, Grab. The Financial Times reported Microsoft’s investment would total around $US200 million and put Grab’s valuation “closer to $US12 billion.” As part of that agreement, Grab agreed to use Microsoft’s cloud, Azure. Microsoft will also work with […]
China’s ride-hailing service Didi Chuxing will limit some carpool rides based on gender. For three hours late at night and early in the morning, drivers will only be able to pick up passengers of the same sex they are. The change comes after a female passenger was allegedly murdered by […]
San Francisco officials are opposing a state-level bill they say would be a detriment to public safety. The bill would allow scooters to be ridden on footpaths unless local municipalities explicitly pass a law preventing it and only require riders under 18 to wear helmets. The lawmaker behind the state […]
If you live in a US city, car-sharing services like Lyft and Uber might seem omnipresent. However, the ride-sharing economy still has a ways to go, at least according to consumer sentiment. In a recent survey of more than 2,000 US adults, Statista found that 28.5% of people surveyed had […]
Saudi Arabian state oil giant Saudi Aramco said ride-sharing apps like Uber were of greater immediate concern than the rise of electric vehicles. Two senior executives at Saudi Aramco told the Financial Times that the company was looking at how best it could position itself in the changing landscape. LONDON […]
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