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Lyft Eyes Buyout Option Following Didi Chuxing-Uber China Deal

Aug 21, 2016 07:04 PM EDT

Following the highly publicized acquisition of Uber by Didi Chuxing, one market player has found itself in a dilemma. Lyft is currently in a crossroad since the company has strongly allied itself with Didi Chuxing in the past, but the latter decided to acquire Lyft’s biggest competitor, Uber.

Uber Backers Claim Ride-Hailing Company Made Deals With Didi, But Chinese Company Denies Ties

Kat De Guzman |

Jul 21, 2016 01:16 PM EDT

Investors in Uber Technologies Inc. have reportedly revealed that deals are being made between the U.S. ride-hailing giant and its counterpart in China, Didi Chuxing.

Uber's 'Scheduled Rides' fetaure is currently available in Seattle and who have business profiles.

Uber Launches 'Scheduled Rides' Feature Up to 30 Days

Ellie Froilan |

Jun 10, 2016 03:06 AM EDT

Uber has announced a new feature that will let riders to book a ride up to 30 days ahead of time and eventually scheduled rides would come to all its users.

A BMW emblem is pictured at the 2015 New York International Auto Show in New York.

BMW Invests in Carpooling Startup Scoop

Phenny Lynn Palec |

May 26, 2016 07:19 PM EDT

German luxury car manufacturer BMW AG announced on May 2 that the company's BMW iVentures, its venture capital arm, will be investing in California-based startup Scoop Technologies, a company that offers smartphone-powered carpooling service. The exact terms of the deal were not disclosed.

Volkswagen is enjoying an upbeat sale in China and plans to invest more joint ventures.

Gett Receives $300 Million Investment From Volkswagen

Phenny Lynn Palec |

May 26, 2016 11:57 AM EDT

The on-demand transportation market continues to grow, and the latest to steal the spotlight is Gett, a New York-based startup that operates primarily based in Europe. Gett has made the headlines after the startup received $300 million in investment from Volkswagen. The German car manufacturer wants to use the investment to spearhead its on-demand and autonomous cars.

RideAustin was started by Joe Liemandt who is also the chief executive officer of Trilogy, a consumer electronics software and automotive company.

RideAustin Launches Following Uber and Lyft Exit

Phenny Lynn Palec |

May 24, 2016 04:12 PM EDT

Earlier this month, ride-hailing services Lyft and Uber announced that they will cease their operation in the Texas capital Austin. More recently, a new non-profit ride-sharing service is picking up the pieces and aims to deliver the same service, and this time it will play by the rules imposed by the local government.

Uber and Alibaba have entered into a new Deal

Uber Collaborates With Alipay to Expand Reach in China

Rina S. |

May 04, 2016 10:30 AM EDT

Uber has announced that it is partnering with Alipay to gain a foothold in the lucrative Chinese market. Under the new deal, Chinese users will be able to use their Alipay accounts to settle the fare of their Uber taxi rides anywhere in the world.

Didi Kuaidi Reported that It is profitable at half of its locations

Didi Kuaidi Teams Up with Lyft to Hail Ride for Chinese Travelers in the US

Charissa Echavez |

Apr 12, 2016 11:18 AM EDT

Chinese travelers who use the ride-hailing app Didi Kuaidi in China can still use the mobile app to book a ride through its new partner Lyft when visiting the United States.

Alibaba Group signage is posted outside the New York Stock Exchange

China's Alibaba Buys 33 Million Shares of Groupon

Alexis Villarias |

Feb 15, 2016 03:30 PM EST

China's Alibaba has bought a 5.6 percent stake in Groupon, making it the fourth largest shareholder in the online deal site. Groupon shares are still down 61 percent over the last 12 months, despite a 29 percent increase last week Friday.

Uber, Lyft Warn Of Costlier Rides For New Year’s Eve

Vittorio Hernandez |

Jan 01, 2015 02:43 AM EST

Citing the law of supply and demand, Uber Technologies and Lyft warned commuters on Wednesday to anticipate more expensive rides for New Year's Eve as people go out to celebrate the change of year and millions would need a ride before and after the revelry.

Lyft Feature Allows Drivers To Set The Destination

David Curry |

Nov 26, 2014 08:24 AM EST

Lyft is allowing taxi drivers to make a bit of money to and from work, by allowing taxi drivers to set a specific destination and only pick up customers who are going to the same place.

Uber Exec Proposed Publishing Journalists' Private Information

David Curry |

Nov 18, 2014 09:23 AM EST

Uber senior vice president of business, Emil Michael, proposed fighting bad press by publishing journalists' private information online, to smear them.

Uber Hires Obama Advisor

Cody Brooks |

Aug 20, 2014 05:08 PM EDT

Uber is seeking to further their scope by hiring former White House advisor David Plouffe to get into markets blocked by legislation and disgruntled taxi companies.