Category: Hot News

When Uber and Grab Are Unified, What’s the Impact on Consumers and Driver Partners?

Over the past few weeks, some media such as CNBC have reported that Uber’s online transport service may sell their business in Southeast Asia to its competitor, Grab. Instead, Uber will get a share of Grab’s shares. This “peace” will stop the fierce competition going on between them, and make Grab the only online transportation service that dominates Southeast Asia. They only stay in competition with GO-JEK, which so far only operates in Indonesia. The question is, is this Uber step a good thing for them? What does it affect consumers? And if this transaction does not happen, can...

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Grab 4 Year Grab in Indonesia Online Transportation Business

Having served Indonesian consumers since 2014, Grab provides fresh air in the transport industry in the country. The company was founded by a man from Malaysia named Anthony Tan has been downloaded more than 50 million users. The entry of Grab to Indonesia in synergy with the government in overcoming various transportation arrangements in Indonesia. They succeeded in providing a complete range of transportation services with technological innovation. According to the Managing Director of Grab Indonesia, Ridzki Kramadibrata, it has evolved from a simple application for booking taxis to become the largest provider of ground transportation services in Southeast...

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Ex-Grab CTO’s startup Axinan raises Series A funding to create online insurance products

Singapore insurtech startup Axinan has raised an undisclosed funding in a Series A round led by NSI Ventures, with existing investor Linear Venture joining the round with other backers. The company will use the newly-raised capital to expand its business across the region, build new partnerships and accelerate hiring — especially for management positions. It will also invest in R&D to develop more digital insurance products. Founded in 2016 by Wei Zhu, a former CTO of Grab, Axinan describes itself as a “full-stack insurance provider”. It aims to develop insurance products tailored for the online space, including but not limited to sectors...

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Uber agrees to surprise $245MILLION settlement with Google’s Waymo on day four of trial where the ride-hailing giant was accused of ripping off self-driving car technology

Uber is settling a lawsuit filed by Google‘s autonomous car unit alleging that the ride-hailing service ripped off self-driving car technology – bringing the four-day civil trial to an abrupt end. Both sides in the case issued statements confirming the settlement Friday morning in the midst of a federal court trial in the case. Google’s Waymo unit says Uber agreed to take steps to make sure Waymo technology isn’t used in Uber’s autonomous vehicles.    Waymo says Uber also agreed to pay about $245million. Uber’s CEO says in a printed statement that the company doesn’t believe trade secrets made...

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“Fras Coin”, a platform of investment based on blockchain technology

Fras Coin is one of the newest investment platforms operating mechanism based on blockchain technology and has transparency activities so that no manipulation on the investment returns.Fras coin, as a global platform that will help invest investors with their investment funds into selected investment projects so as to minimize potential losses resulting from the mistaken selection of less bona fide investment projects. In the midst of the investment industry in the world, there are actually many obstacles and obstacles that are very worried for investors, especially for newbie investors who just plunged into the investment world. The lack of...

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