US-listed Chinese tech stocks rally
Alibaba Group Holding Ltd. and Didi Global Inc. rallied for a second day, adding $80 billion in value to U.S. listed Chinese stocks as fears of potential delistings eased.
The Nasdaq Golden Dragon China Index jumped as much as 6.1% Monday, adding to Friday’s...
30,000 strikers expected in Uber and Bolt national shutdown
The Public Private Transport Association (PPTA) expects at least 30,000 drivers from Uber, Uber Eats, Bolt, Bolt Food, InDriver, and Mr D Food will partake in a national shutdown of e-hailing and app-based delivery services on...
Uber and Bolt national shutdown planned for South Africa
Disgruntled Uber, Bolt, InDriver, and DiDi drivers in South Africa plan to disrupt major roads and "critical institutions" as part of a three-day strike calling for e-hailing industry regulation.
Private Public Transport Association...
Extraordinary swings in Didi shares
Even by the volatile standards of Chinese stocks, the swings in Didi Global Inc. on Friday were extraordinary.
In the span of just a few hours, shares of the ride-hailing giant flipped from a 16% gain to a 12% loss, bounced back into positive territory, then...
Uber and Bolt drivers protest in South Africa
Drivers for apps such as Uber and Bolt demonstrated outside Parliament last week to demand that e-hailing services increase their fares and decrease the commission they take.
The protestors submitted their memorandum of demand to representatives of...
Uber takes big loss after China's Didi ban
Uber Technologies Inc. is poised to record a loss of more than $3 billion (R45.8 billion) on its stake in Didi Global Inc., wiping out the $1.4 billion it made after the Chinese ride-hailing giant went public in June.
Since pulling off one of the...
Shocking video of Uber driver being attacked by taxi operators
The Gauteng MEC for public transport and road infrastructure Jacob Mamabolo has condemned an attack on an Uber driver in Katlehong, Alberton, on Thursday.
The driver, who is only known as "Mulalo", was reportedly attacked by...
Uber vs DiDi vs Bolt — The cheapest ride-hailing service in South Africa
South Africa's newest e-hailing service, DiDi, is cheaper than its rivals Uber and Bolt, in the three cities where it is available.
The service was recently launched in Gauteng, after a piloting period in Gqeberha (Port...
DiDi rides tested — It's like Uber, but cheaper
We tested DiDi, the latest ride-hailing app to launch in South Africa, and found it stacks up well to established players like Uber and Bolt.
After initially rolling out in Gqeberha and Cape Town earlier this year, Didi launched in Gauteng on...
Uber competitor Didi launches in Johannesburg and Pretoria
Mobility platform Didi announced that it will launch in three cities in Gauteng on 23 August, namely Johannesburg, Ekurhuleni, and Pretoria.
The service launched in Cape Town in March/April following a successful pilot in Gqeberha that...