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Tag Archives: RideSharing

China's Didi suspends Hitch ride-sharing service after passenger killed

BEIJING (Reuters) – China’s largest ride-hailing firm Didi Chuxing is suspending its Hitch services nationwide, the company said in a statement on Sunday, a day after police said a ride-sharing passenger in the eastern Chinese city of Wenzhou was raped and killed by a driver. FILE PHOTO: A man is seen in front of a Didi sign before a p… ...

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Should You Sell Your Car and Use a Ride-Sharing Service?

Buying, owning and driving a car is not cheap. There’s the monthly payment (usually), insurance, registration, fuel and on and on. It must cost less to use a ride-sharing service like Uber or Lyft, right? Well, as with most things, the answer is, “It all depends.” In this case, the answer depends on where you live and how much and ...

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Singapore seeks to better understand tourists with ride-sharing partnership

Singapore Tourism Board (STB) has inked a three-year agreement with regional ride-sharing operator, Grab, to offer the latter’s mobile wallet service at tourist hotspots as well as analyse visitors’ behavioural and transport patterns. Latest news on Asia Amongst the initiatives covered under the agreement, both organisations would deploy <a href="… Latest news

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Ride-sharing players Uber and Lyft face intertwined relationships with backers

The only thing changing faster than who is winning the race in the cutthroat world of ride hailing are the shifting behind-the-scenes allegiances between those companies and investors. At the moment, Uber, the ride-hailing behemoth, is nearing a deal to receive billions of dollars in funding from SoftBank, the Japanese conglomerate, according to three people with knowledge of the matter… ...

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$47 billion has been invested into ridesharing startups — here are 10 other things that money could buy

When the ridesharing industry emerged in 2007, few would have believed it would grow into the cash-eating behemoth it is today. Dozens of companies, in hundreds of markets, have garnered just over $ 47 billion in equity and debt investment, according to data pulled with Crunchbase and PitchBook. This massive figure doesn’t even include M&A or corporate investment made internally ...

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Motorbike delivery and ride-sharing app Go-Jek boosts Jakarta's traffic-clogged economy

Three years ago, Ferly Aninditya’s stall at a Jakarta food court was losing money. Deterred by the Indonesian capital’s paralysing traffic, few customers were prepared to come to him. But that was before he teamed up with Go-Jek, the ride-hailing motorbike service that delivers everything from meals and groceries to cleaners and hairdressers across Jakarta, all at the touch of ...

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