Singapore steps up efforts to grow tech sector, seeks more foreign talent as economy stumbles; trade minister says locals will also benefit
Singapore is already home to the regional offices of hundreds of tech companies like Facebook and Google
Uber's market debut sours most anticipated IPO since Facebook; only about a fifth of IPOs have ended first day of trading in red
Uber's IPO was a watershed moment for the decade-old company, which was started after its founders struggled to find a cab on a snowy night.
Reliance Industries inks pacts to acquire startups Grab, C-Square Info Solutions; investments to boost e-commerce initiatives
Reliance Industrial Investments has entered into agreements to acquire logistics services platform Grab and software firm C-Square Info Solutions
OYO raises $100 million from Singapore-based Grab's arm A1 Holding; eyes expansion in Southeast Asia
In October this year, OYO said it had forayed into Indonesia and also confirmed an investment of over $100 million in the country as part of its expansion in Southeast Asia.
Neither Microsoft nor the Southeast Asian ride-hailing app Grab have disclosed the deal value.
SoftBank to invest in General Motors vehicle unit Cruise, the deal has ensured its eadership in self-driving cars and GM shares up nearly 13 percent.
Uber seen girding for battle with Ola in India ahead of 2019 IPO; will have to fight harder for market share, say analysts
Uber operates in about 30 Indian cities and has more than 35% share of the taxi market while Ola, which is in 110 cities, has more than a 45% share
Taxi-hailing services Ola and Uber have once again revived talks to merge their businesses here, in a deal being brokered by Japanese investment firm Softbank that is an investor in both the companies.
Uber CEO says there are no plans to consolidate its operations for minority stakes in rivals; battle with Ola to carry on say analysts
Uber and Ola are both backed by a common investor, SoftBank, which pushed behind the scenes for the merger between Uber and Grab Holdings in Southeast Asia
Uber sells SE Asian operations to Grab: Firm may focus on open markets like India where operations are easier, say experts
With an IPO scheduled for 2019, Uber CEO Dara Khosrowshahi will focus on consolidating the firm's prospects in markets where it has a strong presence.
Uber agrees to sell its South East Asian business arm to rival Grab marking its second retreat from an Asian market
Uber, which is preparing for a potential initial public offering in 2019, lost $4.5 billion last year and is facing fierce competition at home and in Asia.
Uber to sell SE Asian business to rival Grab, to get 30% stake in combined biz; CEO Dara Khosrowshahi to join Grab's board
Uber’s deal with Grab would be similar to the one struck in China in 2016, when a bruising price war ended in Didi Chuxing buying out Uber’s China business in return for a stake in the company.
Taiwan would be Didi's first destination outside the Chinese mainland and Hong Kong.
Ride-hailing firm Grab launches service in Cambodia; expands service to eighth country in the region
In October, Grab secured $700 million in debt financing to expand its fleet and signed an exclusive partnership with Singapore public transport operator SMRT.
SoftBank has also been a big investor in Uber’s rivals across Asia, including Southeast Asia’s Grab, China’s DiDi Chuxing, and India’s Ola
Grab said it would make more cars available for rent, and provide more favourable terms and services for drivers.
Temasek's venture capital arm Vertex Ventures raises $210 million fund for India and Southeast Asia investment
The new fund is Vertex’s first with external investors. Vertex’s previous two funds for southeast Asia were fully funded by Temasek Holdings.
As Uber tries to hire a new chief executive amongst controversies, a resolve to the bitter dispute with the old one, Travis Kalanick still awaits.
NuTonomy to partner with Grab to turn a self-driving car test pilot in Singapore into a commercial service
NuTonomy plans to charge riders for the service in Singapore, albeit still with a human driver ready to take over if needed, as is done today in most tests.
The Philippines suspended the accreditation and operation of Uber for one month, in a decision that followed a government crackdown on unregistered drivers.