Uber Ride-Hailing
DiDi Ride-Hailing Service to Rival Uber in South Africa
Image sourced from Reuters DiDi Chuxing Technology Co has announced it would launch a ride-hailing service in South Africa. The Chinese company already has more than 600 million users across Asia, Latin America & Russia. In a statement, DiDi says it “understands the challenges [South African] communities and the transportation industry face with the evolution of urban mobility (rideshare) and as a result is committed to creating the freedom and convenience to go places, open up horizons and give access to new experiences through our platforms.” The company then reveals that it’s now on a mission to help South Africans “move freely and to unlock their potential and that of the cities they live in”. UberGo Launches in South Africa Uber has launched its low-cost ride-hailing service ...
Ride-Hailing Businesses Begin to Recover
Sourced from Forbes. Uber Technologies Inc.’s global rides business is down 70% from this time last year, a small improvement from its rock-bottom fall during the beginning of the coronavirus pandemic. Though slight, it is an indication that recovery is coming, albeit slowly. The decline in rides seems to be offset, if partially, by a boom in food delivery. Uber Eats’ gains have more than doubled, and they continue to accelerate, says Dara Khosrowshahi, Uber’s CEO, speaking at a virtual tech conference hosted by Bank of America. Bloomberg reports that the ride-hailing company intends to continue to look for opportunities in the food delivery market. Khosrowshahi declined to comment on Uber’s proposal to buy Grubhub Inc., which was first reported by Bloomberg last month. Since being so hars...
