Uber

A layman's guide to investing in tech companies

SINGAPORE (Oct 14): Investors on Wall Street are clearly losing appetite for overhyped loss-making technology companies with uncertain business models and unclear paths to profitability. The disaster surrounding WeWork’s planned and now-aborted IPO is the latest sign of disconnect between the private equity and capital markets.

Declining attraction of unicorn IPOs

SINGAPORE (Sept 30): This year was supposed to be the year for tech unicorns. Instead, many are getting unexpectedly strong pushback in the public market — best epitomised by the rapid unravelling of the hype and euphoria surrounding WeWork in the run-up to its planned IPO this month.

The company was forced to delay its listing to October at the earliest. This comes after widespread ridicule and scepticism over its prospectus, business model, governance and, critically, valuations.

Briefs

SINGAPORE (Aug 5): “If you want marines to drive away the Chinese fishermen, not one of them will come home alive.”Philippine President Rodrigo Duterte, defending his agreement with China to allow Chinese fishermen to operate in the West Philippine Sea and that this act has prevented war with China

LSE confirms US$27 bil acquisition of GIC-owned Refinitiv

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Briefs

SINGAPORE (May 20):

The sheer size of China’s reserves, and that this is even becoming a conversation, means the market should take it seriously.”Torsten Slok, chief international economist at Deutsche Bank. Many clients have been asking him whether China, the largest holder of US Treasuries, is starting to dump its holdings, estimated at US$1.12 trillion.

US should accept China’s rise, says Singapore

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Why investors should avoid hitching a ride on Uber's IPO

SINGAPORE (Apr 22): Investors who found some way to short the stock of Lyft, the No 2 ride-hailing player in the US, have had a great ride since its IPO three weeks ago. Lyft’s stock plunged to US$56.11 on April 15, down 22% from its IPO price, or 35% below its first trading day highs.

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Briefs

SINGAPORE (Apr 15): “The patience of Ecuador has reached its limit on the behaviour of Mr Assange.”Lenín Moreno, Ecuador’s president, on the decision to allow UK police to arrest WikiLeaks founder Julian Assange, who faces accusations of rape. Assange has called Ecuador’s embassy in London home since 2012.

UK and EU agree to delay Brexit until Oct 31

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Grab, GoJek, Didi and why it's hard to find winners in the few really successful EMs

SINGAPORE (Feb 18): They say there is no such thing as bad publicity. For GoJek, at least, the recent altercation between one of its drivers and a female passenger, who turned the phrase “Is it because I’m Chinese?” into a popular meme, has arguably done more to promote its brand than any carefully crafted marketing plan could have.

Grab raises US$150 mil from Yamaha

SINGAPORE (Dec 17): Grab is attracting more global backers after the ride-hailing service defeated Uber Technologies Inc. in Southeast Asia. A motorcycle maker has become the latest investor.

Yamaha Motor Co. agreed to invest US$150 million ($205.7 million) in Grab and the two will collaborate on motorcycle-ride services in Southeast Asia with a focus on Indonesia, the Japanese manufacturer said in a statement Thursday.

Ride-hailing rivalry, goodies unlikely to return to 'good old days'

SINGAPORE (Oct 31): DBS Group Research says the competition and level of subsidies seen during the Grab vs Uber era are unlikely to return.

This is because the outcome of the first round of competition has not been particularly smooth for the players and the acquisition of Uber’s Singapore operations by Grab had resulted in fines by the competition watchdog.

On Monday, Grab’s next rival Go-Jek started pre-registration for drivers in Singapore, with about 1,000 potential drivers having signed up, according to media reports.

Singapore's competition watchdog fines Grab and Uber but can fair play resume?

SINGAPORE (Oct 1): Choo was earning up to $5,000 a month when he first started driving for ride-hailing start-up Grab some three years ago. But after a merger between Grab and Uber Technologies in March this year, the 66-year-old, who asked to be identified only by his last name, has seen his monthly earnings nearly halved. And Choo is not alone. According to the Competition and Consumer Commission of Singapore (CCCS), it has received numerous complaints from both riders and drivers on the increase in effective fares and commissions by Grab following the merger.

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