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Uber loss continued

Emailed on Monday, November 26,2018. According to the report by Techcrunch, Uber lost more than $1 billion in Q3. But the revenue rose by 38-40% from last year to around$3 billion. Ride-hailing is the core business at Uber and company is also now looking into Food delivery business UberEats with strong demand in Asian markets. Scooters for city …

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BMW ride hailing launch in China

Emailed on Friday, November 23,2018 BMW wins the license to operate the ride-hailing service in China which in direct competition with DiDi Chuxing. DiDi is China’s largest ride-hailing operator with 90% market share. China’s ride sharing market accounted for $30 billion in 2018 and will be growing 2X in next 2 years. Several Chinese tech …

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Will 5G be a national security threat?

Emailed on Friday, November 30, 2018 Will 5G be a national security threat? Huawei, the world’s largest telecom equipment manufacturer and most advanced 5G tech developer banned by several countries,  including United States, Australia, New Zealand and now Germany by citing the national security threat. Eric Xu, Huawei rotating chairman, told CNBC, he doesn’t care if few countries banned for …

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