ride-hailing companies News

National Labor Board Memo Says Uber Drivers Are Contractors, Not Employees

Drivers for ride-hailing company Uber Technologies Inc. are independent contractors and not employees, the general counsel of a U.S. labor agency has concluded, in an advisory memo that is likely to carry significant weight in a pending case against the …

Singapore Ride-Hailing Firm Grab Eyes Spin-Off of Financial Services Unit: Sources

Singapore-based ride-hailing company Grab has mandated a few banks to approach potential investors to take minority stakes in its financial services business as it looks to spin off the unit, according to two people familiar with the matter. Grab has …

Dubai Ride-Hailing Firm, Careem, Provides Accident Insurance for Drivers, Passengers

Dubai-based ride-hailing service Careem Networks FZ is looking for new ways to get ahead of main rival Uber Technologies Inc. in the Middle East. Careem launched an accident insurance program for passengers as well as drivers in Turkey and is …

China’s Largest Ride-Hailing Firm Didi Suspends Service After 2nd Passenger Killing

China’s largest ride-hailing company Didi Chuxing has suspended its carpooling service after a passenger was killed, and is likely to face tighter oversight that will squeeze driver numbers and extend customer waiting times. The incident, which follows a similar grisly …

Toyota’s $1B Investment in Ride-Hailer Grab Opens Door to Data-Driven Insurance

By pumping $1 billion into ride-hailing firm Grab, Toyota Motor Corp. stands to gain a passenger-side view of tens of thousands of cars across Southeast Asia, tracking how fast they drive, how far they travel and the time they spend …

Massachusetts Regulators Probe Uber Pricing During Storm

Massachusetts regulators are investigating whether ride-hailing company Uber violated state law by increasing prices during a powerful storm in March. The Boston Herald reports that the Department of Public Utilities, which oversees ride-hailing apps, sent Uber a letter last month …

Brazil Adopts Law Regulating Ride-Hailing Apps, with Insurance Requirement

Brazil President Michel Temer on Monday signed into law a bill regulating car-hailing apps like Uber without vetoing any provisions. The law will allow local governments to institute rules for the services, although Congress had voted to eliminate more stringent …

Ride-Hailing Firm Grab Aims to Be Major Financial Services Player in SE Asia

After gaining success in ride-hailing, Grab co-founder Anthony Tan is pushing his startup into a new challenge: catering to those under-served by traditional financial institutions in Southeast Asia. Tan, together with GrabPay Southeast Asia Managing Director Jason Thompson, laid out …

Asia’s Ride-Hailing Firms Compete with Banks – and Ultimately Insurers: Opinion

In Southeast Asia, mobile banking is taking on a whole new meaning. Last week, Grab, one of the region’s top ride-hailing companies, announced that users of its app can start sending credits — used to pay for rides — to …

China Ride-Hailing Firm, Didi, to Go Global After Record Funding

Chinese ride-hailing giant Didi Chuxing just raised more than $5.5 billion, giving Uber Technologies Inc. Chief Executive Officer Travis Kalanick one more thing to worry about. Didi’s record funding round is said to value the company at more than $50 …