uber technologies

Uber terminates Foodpanda Taiwan acquisition, citing regulatory hurdles

Enterprise /

Uber Technologies has ended its acquisition of Delivery Hero’s Foodpanda in Taiwan, the Germany-based tech firm said on Tuesday. The announcement comes roughly three months after Taiwan’s antitrust regulator blocked the deal, citing competitive issues. The Fair Trade Commission (FTC) said that if Uber acquired Foodpanda, its market share in Taiwan would increase to 90%, […]

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Uber drives deeper into South Korea to take on Kakao Mobility

Transportation /

After seeing double-digit growth in South Korea, Uber Technologies has announced a strategic plan to double down in the country — directly challenging market leader Kakao Mobility, the ride-hailing unit majority-owned South Korean messaging and tech giant Kakao. Uber chief executive officer Dara Khosrowshahi outlined the plans in a press conference in Seoul, where he

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