The Business Times
business-time-50
SUBSCRIBERS

Uber rivals from Dubai, China tie up for ride-hailing alliance

google-preferred-sourceAdd BT as a preferred source
Published Mon, Mar 20, 2017 · 09:50 PM

DeeperDive is a beta AI feature. Refer to full articles for the facts.

Beijing

UBER Technologies Inc is facing another alliance of rivals as smaller operators team up across different regions for ride hailing services.

Careem Inc, a Dubai-based service that's valued at about US$1 billion, will partner with China's Yidao Yongche and share resources, according to a statement.

UberRide-hailingDubaiChina

Share with us your feedback on BT's products and services

Feedback

TRENDING NOW

Singapore’s position as a transhipment and logistics hub may come under strain, with stricter rules likely to raise compliance costs and divert trade flows.

One year of Trump tariffs: What has changed and what’s next for South-east Asia?

Changi Airport has now seen several European airlines add new direct flights to the city-state amid higher passenger demand.

S-E Asia tourism takes hit from Middle East crisis, but intra-regional travel could spell hope

While residential property has delivered solid gains, observers say other assets such as equities often outpace it over the longer term.

Higher costs, lower returns: Why are Singaporeans still betting on real estate?

A residential building hit by an air strike in Teheran. Unless Iran collapses, we must foresee that an injured state will renew every effort to rebuild and strike back, says the writer.

The fog of the Iran war

Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
View More