It’s difficult to walk around most major cities without seeing at least one rented scooter fly past, and investors are still keen to pump money into the startups behind the craze. But…
Is Uber on the Wane? Don’t Bet on it Yet
Earlier this week DiDi Chuxing and SoftBank plowed $2 billion into Grab, the largest ride-hailing company in Southeast Asia, valuing it at around $6bn. “Markets everywhere are still at infancy stage with…
Didi and SoftBank to Pour $2bn into Taxi Firm Grab
DiDi Chuxing and SoftBank are investing a combined $2 billion in Grab, formerly known as GrabTaxi, Southeast Asia’s premier ride-hailing app. The company, which operates in 65 cities across seven nations, is…
Kalanick’s Dramatic Uber Departure: Too Little, Too Late
First, a disclaimer: losing a parent is a horrendous and painful ordeal. We at Red Herring do not want to lose sight of the grief and loss Travis Kalanick must still be feeling,…