The last two and half years haven’t been easy for Uber Technologies. Post the exit of its former CEO Travis …
Dubai’s Careem in talks to raise $500m in new funds
Some of the new money raised could go towards new business lines, one source said, adding Careem may be looking to diversify ahead of a potential initial public offering (IPO).
Automotive data monetisation to touch $33 billion by 2025
Automotive data could potentially be $100 per car currently, offering original equipment manufacturers (OEMs) in the automotive data monetisation market …
Regional ride-hailing app opens online store Dukkan Careem
Careem, the regional ride-hailing app, has announced that it will be launching ‘Dukkan Careem’ – its new retail venture. Dukkan …
SoftBank bids to purchase Uber shares at 30 percent discount
Japanese firm SoftBank Group is offering to buy Uber Technologies’ shares at a valuation of $48 billion, a 30 percent …
Transformation Talk | Weekly news round-up 09.08.2017
Tahawul Tech brings you Transformation Talk, a weekly roundup of the biggest news in the technology industry.
Uber’s rival DiDi Chuxing seals partnership with Careem
Didi’s investment in Careem is said to further enhance its reliable transportation offerings across the region. Together, the two parties will share knowledge in intelligent transportation technology, product development, and operations.
Bloomberg: Uber Q3 loss exceeds $800m
Bloomberg has reported that taxi service Uber Technologies Inc. has lost over $2.2 billion this year, with over $800 billion of that loss coming in the third quarter.