Lyft to woo investors with fast U.S. growth in IPO race with Uber

14th February

Lyft Inc will pitch investors on its fast growth in the United States as it seeks to beat out Uber Technologies Inc to become the first publicly listed ride-hailing company, according to people familiar with the matter.


Exclusive: Alibaba in talks on stake in China operations of Germany’s Metro – sources

14th February

Chinese e-commerce giant Alibaba Group Holding Ltd is in talks with Germany’s Metro about taking a stake in the German wholesaler’s China operations, three sources told Reuters on Thursday.


China ride-hailing giant Didi to lay off 15 percent staff this year: source

14th February

Didi Chuxing will lay off 15 percent of its staff or about 2,000 people this year, a source said, marking the ride-hailing firm’s first major cut back as it grapples with regulatory scrutiny and public backlash over the murder of two of its users.