Ride-hailing firm Grab secures $1.5 billion in funding

Southeast Asian ride-hailing firm Grab said on Wednesday it has secured $1.5 billion in fresh financing from a fund run by Japan's SoftBank and will use a significant portion of it to expand in Indonesia.

China's Didi to restructure following passenger murders

Chinese ride-hailing leader Didi Chuxing will streamline operations and make cuts to non-core business units as it doubles down on safety after the murders of two passengers clobbered its image, a source familiar with the ...

Ride-hailing increases vehicle miles traveled

Ride-hailing accounts for an 83 percent increase in the miles cars travel for ride-hailing passengers in Denver's metro area, according to a study published this week in the journal Transportation by researchers at the University ...

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