Singapore-based ride-hailing platform Tada has launched its services in Vietnam, less than a week after setting up shop in Phnom Penh, Cambodia.Malaysia is reportedly its next port of call in the region.The company also aims to bring Cambodian tuk-tuk drivers on board the platform in February.
But what if that customer later signs up for another account using a new phone number?Didi Chuxing is China’s largest ride-sharing platform, offering taxi, carpooling and other transport services.Having driven Uber out of China in 2016, Didi is actively growing its international footprint through various partnerships.The Chinese ride-hailing giant is currently running an online poll about the idea: Should passengers be required to register with their real names and national ID?At least two female riders on its Hitch service (a carpooling function similar to UberPool and Lyft’s Share Rides) were raped and killed.It looks like many of those who responded to the poll support introducing real-name registration.
Today the company took the wraps off Ola Money Postpaid, a service that builds on Ola’s existing payment service — which can be used to pay rides and also third-party services — but offering a credit facility without additional charges.Essentially, the postpaid service lets passengers accumulate rides on Ola and then pay for 15-days of charges in one go, in the same way that we pay for electricity or a phone bill once a month.Ola said it has trialed the service with 10 percent of its 150 million users and seen a 90 percent repeat rate from those early users.Testing over, it plans to roll the service out to all users over “the coming months.” While doing that, it said it will increase the billing cycle to 30-days — so you pay for a month of Ola — and bring support for the postpaid service to third-parties.The latter makes sense as it may boost Ola Money, Ola’s payment service that was given a standalone app in 2015 with a view to being used to pay bills, food and more.Ola hasn’t said much about the service, and we don’t know how well it fairs against competitors like Paytm, Flipkart’s PhonePe or Google Pay, formerly known as Tez.
China’s Waymo rival quietly launched an Uber-style app for driverless cars, making it one of the first to do so – CNBCWhat happened: Chinese autonomous driving startup Pony.ai has launched a WeChat mini-program allowing users in the southern Chinese city of Guangzhou to hail autonomous taxis.The app was quietly released in late December.It allows passengers to hail the self-driving taxis from a pre-set location in the city’s Nansha District to other areas including Pony.ai’s offices and residential buildings, all of which are set by the company.Currently, only Pony.ai’s employees and a few VIPs can use the app.Why it’s important: While rides are free, the company collects data during every trip, which helps to further enhance the capabilities of its autonomous driving systems.
Chinese ride-hailing app Didi Chuxing has expanded into financial services, as fresh domestic regulation threatened to put a dampener on its driver numbers.The firm has today launched a suite of financial products, including crowdfunded health insurance, wealth management and lending, all aimed at short-term workers on temporary contracts.The move comes after Didi announced a company-wide reshuffle in December, aimed at improving operating efficiency and safety on its platform.The firm has been plagued by several safety scandals this year, including the murder of two female passengers in separate incidents.Didi pledged to inject £16m into its customer service after the second death in September, having failed to thoroughly investigate a previous complaint made against the driver involved in the case just a few days earlier.The new products will put Didi up against major Chinese rivals Alibaba and Tencent, which offer similar products.
Morocco App-Based Ride Hailing Business at Top Notch www.v3cube.com➔ Marocco was known as the "Place the sun sets; the west!"➔ The Capital of Morocco is Rabat and the largest city is Casablanca.How many types of taxi runs in Morocco ➔ Coming to Taxis, there are two types of taxi services run in the Kingdom of the west for business purposes.People choose luxury taxis, buses for the long distance.➔ Interesting fact about this taxi is if there is still a vacant seat the driver might pick any other person with the same route of the direction.
After a limited rollout, Go-Jek said today that it will extend its ride-hailing service to all of Singapore tomorrow while continuing its beta phase.The Indonesian-based company began offering rides in Singapore at the end of November, but only for passengers riding to and from certain areas.It https://www.straitstimes.com/singapore/transport/gojek-introduces-dynamic-pricing-move-will-likely-attract-more-drivers-to-joinintroduced dynamic pricing there, which increases prices during peak times, a few days ago.“We continue to welcome feedback from driver-partners and riders during this enhanced beta phase, as we work to fine-tune the app and create the best experience for our users,” the company said in a statement.After Uber exited from Southeast Asia earlier this year by selling its local business to Grab, Go-Jek became Grab’s main rival.Uber still maintains a presence in the region, however, thanks to its 27.5 percent stake in Grab.
2018 has been a rough year for China’s bike-sharing giants.Hellobike, currently the country’s third-largest bike-sharing app according to Analysys data, announced this week that it raised “billions of yuan” ($1 = 6.88 yuan) in a new round.Leading the round were Ant Financial, the financial affiliate of Alibaba and maker behind digital wallet Alipay, and Primavera Capital, a Chinese investment firm that’s backed other mobility startups including electric automaker Xpeng and car trading platform Souche.The fresh capital arrived about a year after it secured $350 million from investors including Ant Financial.As China’s bicycle giants burn through billions of dollars to tout subsidized rides, they’ve gotten caught up in financial troubles.Meanwhile, Mobike is downsizing its fleet to “avoid an oversupply,” a Meituan executive recently said.
Southeast Asian ride-hailing firm Grab is aiming to start the new year with a bang and an awful load of bucks.The company, which acquired Uber’s local business earlier this year, is planning to raise as much as $5 billion from its ongoing Series H round, up from an original target of $3 billion, a source with knowledge of the plan told TechCrunch.Grab declined to comment for this story.Already, it has seen participation from the likes of Toyota, Microsoft, Booking Holdings and Yamaha Motors who have pushed it close to the original $3 billion target.While it is true that the company first announced that it was “on track to raise over $3 billion by the end of 2018,” it is not public knowledge that it has set its sights as high as $5 billion.A big part of that expansion is a planned investment from SoftBank’s Vision Fund which, as TechCrunch reported last week, is aiming to pump up to $1.5 billion into the business.
Meituan-Dianping has received a ride-hailing service permit in Beijing.The company attempted to roll out a service in China’s capital city last year, but it failed because it didn’t have a government license.The Beijing transportation bureau’s decision comes after Meituan said in September that it would cease expansion of its ride-hailing business.
Meituan Dianping Gets Green Light for Ride-Hailing Service in Beijing – Caixin GlobalWhat happened: Meituan Dianping, a Chinese group-buying website for consumer products and retail services, received a permit to provide ride-hailing services in Beijing.Licenses were also given to two other businesses, namely Sogood and SH-ABC.This will add to the eight already operating ride-hailing platforms in the city.Meituan launched its mobility service in Nanjing late last year and later expanded to Shanghai.Why it is important: Dominated by Didi, the ride-hailing industry has become increasingly saturated.
Ride-hailing firm Uber has lost its appeal against a ruling that its drivers should be classed as workers, and therefore be entitled to rights such as holiday pay.The Court of Appeal upheld a decision by the Employment Appeal Tribunal, which last year dismissed Uber’s appeal against an earlier tribunal hearing.Unions welcomed the ruling as an “early Christmas present“ for Uber drivers, with implications for the wider so-called gig economy.Tim Roache, general secretary of the GMB, said: “We’re now at a hat-trick of judgements against Uber.They keep appealing and keep losing.“Uber should accept the verdict and stop trying to find loopholes that deprive people of their hard-won rights and pay.”
Volkswagen China and Mercedez Benz have partnered to launch a premium ride-hailing service in Shanghai, signaling mounting segmentation in the crowded ride-hailing sector and increased competition in the high-end market.Passengers in Shanghai can book one of 50 Mercedes Benz E200L vehicles via Volkswagen’s ride-hailing app, official WeChat account, and the company’s hotline.Volkswagen owns the three booking channels.According to Chinese media, drivers wear suits while cars are equipped with WiFi, iPads, drinks, and umbrellas.The iPads double as a screen for displaying passengers’ names during airport pickups.The companies have selected 50 drivers who previously served government officials and guests during events including the 2010 World Expo and Asia Pacific Economic Cooperation forum (APEC).
BMW has joined a handful of automakers to compete with transportation upstart Didi Chuxing, which bought Uber’s Chinese business in 2016.Last Friday, the German luxury carmaker launched a premium ride-hailing service in Chengdu, the capital of China’s Sichuan Province with over 14 million people.The new offer is part of BMW’s ReachNow carsharing brand that kicked off an electric vehicle rental business with a local partner last December.The new ride-hailing venture manages a crew of trained drivers to chauffer riders in a fleet of 200 BMW 5 Series, out of which half are plug-in-hybrid, according to the company.“We are excited to offer our new premium ride-hailing service in Chengdu, one of the largest ride-hailing hubs in the world embracing mobility solutions for a sustainable urban future,” said Peter Schwarzenbauer, member of BMW AG’s board of management, in a statement.ReachNow trips appear to be pricier than those on Didi’s “luxury” feature — which is currently only available in China’s top-tier cities of Beijing, Shanghai, Shenzhen, and Guangzhou — that also deploys BMW Series 5 and the likes of Mercedes-Benz E-Class and Audi A6.
Vietnam’s newest ride-hailing player Be Group said it [has] secured “hundreds of millions US dollars” of investments as it gets ready for launch next week to compete with regional players such as Grab.[Be] did not reveal the quantum of funding or who the investors are.Slated to go live on December 17, the app will initially roll out two services: BeCar and BeBike.Be Group founder and chief executive Tran Thanh Hai said the platform aims to have 110,000 drivers across Vietnam by end-2019.The app will eventually introduce food delivery, e-payment, and financing services, he added.
Ride-hailing major Grab has invested a shade over US$100 million in hospitality chain Oyo Hotels & Homes as per a regulatory filing by the Gurgaon-headquartered company with the Registrar of Companies on Thursday.A1 Holdings Inc, a Cayman Islands-registered entity, which is controlled by Singapore-headquartered Grab, has been issued 2,884 cumulative convertible preference shares at a price of US$34,670 per share, as part of the SoftBank Vision Fund-backed Oyo’s series E equity financing round, according to the filing.As per calculations, Grab has invested US$103.4 million in Oyo.Rumors of Grab’s investment in the budget hotel brand and booking platform began circulating earlier this week.The Singapore-based company has been diversifying beyond its core ride-hailing business in an effort to become an “everyday super-app” for Southeast Asia, and taking a stake in Oyo represents a significant step in that direction.It is vying for the “super-app” title with Jakarta-based rival Go-Jek, which launched its ride-hailing service in Singapore last week.
Ride hailing giant and main Uber competitor Lyft has filed paperwork with the Securities and Exchange Commission to go public, the Wall Street Journal reported on Thursday.The company has not yet determined the number or value of shares to go on offer, and will IPO after the SEC completes its review, according to the Journal.The paper expects Lyft's IPO in the first half of 2019.Lyft currently has a valuation of $15 billion, a fraction of the $120 billion valuation Uber has targeted for itself before going public.However, Lyft looks ready to beat Uber to the punch with its IPO.
(Reuters) — Ride-hailing company Lyft on Thursday filed with the U.S. Securities and Exchange Commission for an initial public offering, ending months of speculation about the timing of its much-awaited market debut.The company, which was last valued at about $15 billion, did not specify the number of shares it was selling or the price range for the offering in a confidential filing with the SEC.The IPO is slated for the first half of 2019, sources have told Reuters.Bigger rival Uber Technologies is also expected to pursue an IPO next year that could value it at about $120 billion.Lyft’s IPO is expected to commence after the SEC completes its review process, it said here in a press release on Thursday.Reuters reported in October that the company had chosen JPMorgan Chase & Co, Credit Suisse, and Jefferies, as underwriters for its IPO.
Mass Vehicle Ledger (MVL), the startup that operates ride-hailing service Tada in Singapore, Vietnam, and its home country of South Korea, has partnered with multinational giant Axa to provide insurance to its drivers and riders.From early next year, Axa will be MVL’s preferred insurance partner for its drivers and users in Singapore.In a statement, the two companies said they “will also explore technical integration to create next generation mobility insurance products and services leveraging MVL’s blockchain.”This content is exclusive to subscribers.Stay close to innovation in Asia by subscribing at just $0.27 per day.
There's a new contender to dominate the ride-hailing market in Southeast Asia.Indonesia-based ride-hailing firm Go-Jek is stepping up efforts to expand in the region with the rollout of a beta app in Singapore, local media Straits Times reported Thursday morning.Access to the app at this phase will roll out in batches to "balance ride demand and service capabilities," according to the publication.CNET was able to download the app on an iPhone, but we couldn't find it on Google Play.The launch of the beta app comes after Go-Jek opened up driver registration in the city-state last month, fuelling expectations that a full launch could arrive as soon as early next year -- it took six weeks for the company to officially operate in Vietnam following a soft launch in the last quarter.It's not clear yet if Go-Jek will launch its app under a new name, or what services it will offer in Singapore.