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Mideast ride-hailing app Careem secures $200 million new funding

Middle East ride-hailing company Careem said on Thursday it had secured $200 million in new funding from existing investors, including from Saudi Arabian billionaire...

Uber’s Chinese rival Didi Chuxing to enter Mexico next year: sources

MEXICO CITY/SAN FRANCISCO: Didi Chuxing, China’s ride-hailing behemoth, plans to expand into Mexico next year, intensifying its global rivalry with Uber, according to two...

Apple reveals autonomous vehicle ambitions

SAN FRANCISCO: Apple has revealed it is investing heavily in autonomous vehicles in a letter asking the government to make it easier to develop...

Chinese tech firms bet on ‘Uber for bikes’ internet craze

HONG KONG: China's tech industry giants are sloughing hundreds of millions of dollars into what they're betting will be the country's next big internet...

Uber performs U-turn on Macau exit plan

MACAU: Global ride-hailing company Uber Technologies has aborted plans to pull out of Macau, citing support from residents in the Chinese-ruled gambling hub.

Ride-share battle ends with Didi buying Uber China operations

BEIJING, CHINA: Chinese ride-sharing giant Didi Chuxing will take over the China operations of its US rival Uber, it said Monday, ending a ferocious battle for market share that cost both firms billions.

China’s Uber rival Didi Chuxing raises $7.3 bn in new capital

BEIJING: Chinese ride-hailing app Didi Chuxing, a bitter rival of US-based Uber, has raised $7.3 billion in one of the world's largest private equity financing rounds, the company said in a statement Thursday.

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