
COVID-19: Uber To Close APAC HQ In S’pore, Will Lay Off About 3,000 Staff Globally
Uber will be moving out of its APAC headquarters in Singapore within the next 12 months as its business has been badly impacted by Covid-19.
Uber will be moving out of its APAC headquarters in Singapore within the next 12 months as its business has been badly impacted by Covid-19.
Here’s a list of some cool corporate offices in Singapore that will make you green with envy.
WayDrive Holdings, a new local joint venture between vehicle trader MotorWay Group and investment vehicle Toh Motors, have acquired 100 per cent of LCR.
Ride-hailing giant Uber hopes to launch its IPO at a US$120 billion target valuation, while the company remains unprofitable for its 9th year.
US-based e-scooter sharing firm, Lime, will make its foray into Southeast Asia through Singapore in a partnership with Ascendas-Singbridge Group.
Uber-owned Lion City Rentals is expanding its business scope to include the general public in the next two to three months.
The Grab-Uber merger has resulted in a $13 million fine by a S'pore competition watchdog. Uber was fined $6.5 million, while Grab was fined $6.4 million.
Uber's offer to acquire Deliveroo would have to be considerably above the British food delivery firm's last valuation of more than US$2 billion.
Singapore-headquartered O2O company Grab has ambitiously ridden into eight countries, including emerging markets like Cambodia and Myanmar.
Now, a few months later, KrASIA spoke with close to a dozen former Uber Southeast Asia employees to find out how things have turned out.
Despite this domination, Grab has been struggling to cope with the demand – its fleet of 35,000 vehicles could not cater to the 600,000 daily requests.
Since the news of Uber's departure, a surge of ride-hailing service providers have emerged in Singapore in a bid to 'grab' a slice of the market share.