Uber Technologies

Public consultation held to assess market impact of Uber-Comfort partnership

SINGAPORE (Dec 22): The Competition Commission of Singapore (CCS) is inviting public feedback on the upcoming alliance between Uber Technologies and ComfortDelGro (CDG).

This taxi company lost 11% of its value waiting for Uber

SINGAPORE (Dec 8): ComfortDelGro Corp. has lost $500 million in just four months -- on track to become Singapore’s second-worst performing stock in 2017 -- as investors lose patience over a planned venture with Uber Technologies Inc.

Startups, Entrepreneurs, Digital economy

Singapore Airlines, Grab in partnership for bookings and reward points conversion

SINGAPORE (Oct 3): Singapore Airlines (SIA) has joined hands with private hire car service operator Grab as competition heats up in the transport space.

Uber loses license to operate in London

LONDON (Sept 22): London’s transport regulator on Friday stripped Uber of its license to operate from the end of the month, affecting over 40,000 drivers in a huge blow to the taxi app.

Uber faces widespread Asia bribery allegations amid US criminal probe

(Sept 20): Uber Technologies, facing a federal probe into whether it broke laws against overseas bribery, has embarked on a review of its Asia operations and notified US officials about payments made by staff in Indonesia, people with knowledge of the mat

Hot Stock

ComfortDelgro shares soar 8.3% on news of potential alliance with Uber

SINGAPORE (Aug 23): Shares in land transport company ComfortDelgro (CDG) have leapt 8.3% to $2.36 at 3.35pm after Tuesday's night announcement of a possible strategic alliance with its competitor, Uber Technologies, on Tuesday.

Broker's Calls

Uber collaboration would be a win-win one for ComfortDelGro against Grab: RHB

SINGAPORE (Aug 23): RHB Research is maintaining its “buy” call on ComfortDelGro (CDG) with an unchanged $2.60 price target, after the land transport company yesterday announced its potential formation of a strategic alliance with Uber Technologies in

Startups, Entrepreneurs, Digital economy

ComfortDelGro and Uber in exclusive talks over possible alliance

SINGAPORE (Aug 22): Singapore’s largest taxi operator ComfortDelGro today announced it is in exclusive talks to form a potential strategic alliance with Uber Technologies – the private hire car service start-up that has put a dent in its business.

Uber CEO to take leave, have diminished role after scandals

SAN FRANCISCO (June 14): Uber Technologies Inc. Chief Executive Officer Travis Kalanick told staff he plans to take a leave of absence, without disclosing a return date. The company will be run by a management committee as it tries to navigate a wave of
Amit Jain

Uber aims to unseat Ola in US$10 bil India ride-hailing market

BANGALORE (Oct 10): Uber Technologies Inc unveiled its first-ever brand campaign in India last month with a video showing a tense Uber driver navigating gridlocked streets as he rushes to drop off a little girl to her school on exam day. In a Bollywood-
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