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Uber finishes the acquisition of foodpand Taiwan, citing regulatory obstacles

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Uber Eats bike courier

Uber Technologies has accomplished the acquisition of foodpand Hero in Taiwan, a German technology company he said on Tuesday.

The commercial appears about three months later Taiwan antitrust regulator he blocked the contract, citing Competitive problems. The Honest Trade Commission (FTC) said that if Uber purchased a foodpand, its market share in Taiwan will increase to 90%, potentially resulting in Uber’s price increase.

Uber eats and foodpanda are The best players On the food supply market in Taiwan. In the last report was found This foodpand enjoyed a 52% market share from January 2022 to August 2023, while Uber Eats had 48%. Food supply corporations, reminiscent of foodomo and lots of other applications for providing fast food, constitute a small percentage of Taiwan market share.

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Pursuant to the contract signed on May 14, 2024, Uber is obliged to pay a termination fee, which is estimated at around USD 250 million.

Uber and the delivery hero didn’t immediately reply to the technical request for comment.

When Uber announced He would buy Taiwan Division Foodpand from the delivery hero, he expected to finish the contract in the first half of 2025. Transferring in accordance with Uber Eatsa’s plan in Asia, especially by strengthening its presence in Taiwan. Both corporations also got involved in a separate agreement wherein Uber agreed to purchase $ 300 million of newly broadcast unusual shares from the hero of delivery.

The contract also emphasized the further withdrawal of the hero of delivery from the same market. At that point, the delivery hero tried to sell a package of other Southeast Asia operations – including in Singapore, Cambodia, Laos, Malaysia, Myanmar, the Philippines and Thailand – an undisclosed third side. In September 2023 ended these discussionsAn announcement in a press release that “the decision to solve negotiations after months of discussion was made after thoroughly considered.”

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The hero’s food supply division compete with hornbeams in Southeast Asia.

In September, his foodpanda unit released the exemption geared toward improving operations before potential sales. The cuts previously occurred with dismissals from staff in 2022 and 2023.

(Tagstotransate) Asia

This article was originally published on : techcrunch.com
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Dustin Moskovitz, CEO of Asana

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Asana CEO Dustin Moskovitz

Dustin Moskovitz retires with Asana, a software company, which he founded in 2008.

Asana, task management platform, He announced his pension as part of a report on earnings within the fourth quarter of the corporateCNBC reported. Moskovitz informed the plaque that he intends to maneuver to the role of a chair when the brand new general director begins.

The company has collected over $ 450 million in financing the undertaking, with akin to G Squared, Founders Fund and 8VC, amongst others, before it took the audience in 2020. Before Asana, Moskovitz was a co -founder of Meta, before Facebook.

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TechCrunch contacted Asana to get more information and update this post once we retreat.

(Tagstranslatate) asana

This article was originally published on : techcrunch.com
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Tammy joins us to the startup ai ai startup cratopy as CEO

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Photo of Tammy H. Nam on a bridge

CreatorThe startup, which uses artificial intelligence to automate the creation of digital ads, has brought a brand new CEO: I’m.

We had previously been COO and CMO at the start-editor of Picsart, and earlier the general director of the Viki streamer. Techcrunch said via e -mail that Creatoropy is searching for an American director who knows how to scale early stage startups, cooperated with European founders (the product was first developed in Romania) and understands marketing technology.

“Fortunately, I will adjust this bill,” she said.

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He also joins us to the Creatopy board, and the previous CEO of Startup, Dan Oros, entered the advisory role.

The startup announced a series A $ 10 million and under the leadership of European VCS 3VC and Point Nine last 12 months. In an announcement, Partner 3VC Eva Arh described us as “one of the best operators I know.”

From February 2024 to February 2025, the company claims that revenues from the market and enterprise increased by 400%, with a big a part of this growth over the past six months. Customers are Astrazeneca, Nascar and The Economist.

“What is unusual in creatoropes – especially for a relatively unknown company – is our ability to acquire major business clients in demanding industries, such as pharmacists and banking,” he told us.

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She added that customers love this product “our intuitive interface, unique product capabilities and excellent customer service.” In fact, she suggested that because large language models develop into “ubiquitous”, the Creator is differentiated on the basis of “the ability to understand the needs of customers and satisfying-it can be ironically-quality value in addition to artificial intelligence.”

He also described the brand’s security as “the highest priority”, and marketing managers sent brand sets during the account configuration, and these sets be sure that each commercial generated by AI is consistent with their brand’s guidelines.

“Our artificial intelligence does not replace strategic thinking; It strengthens – she said. “Some of our clients have reported 10x or more efficiency, because we eliminate tedious, manual work consisting in generating a whole lot of AD varieties in sizes, formats, languages, etc.”

(Tagstotranslate) createopy

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Tesla is making progress to join the Rideshare industry

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Tesla is preparing to enter the Rideshare industry to compete with Uber and Lyft.


Tesla Elona Muska took a major step towards becoming a travel service, applying for a permission to transport in California.

Bloomberg informs that the newly obtained documents disclose Tesla’s application for permission to the transport card carrier from the UTITI Public Commission California Commission. This classification would allow Tesla to have and control the fleet of vehicles to offer driving services and compete with Uber, Lyft and Waymo.

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The permit application appears several months after Musk announced that Tesla will introduce without drivers in Austin in June, with plans to expand to California by the end of the 12 months. The application also appears when an electrical vehicle company (EV) feels a decrease in sales by publishing its first annual sales decline in over a decade.

The first quarter shows signs of delay in sale in key markets, akin to the USA and Europe. Since the important business of EV Tesla faces challenges, Musk has invested heavily in autonomous driving, robotics and artificial intelligence as key aspects of future growth.

In January, Musk he said Investors that the company will soon enter the system stuffed with independent handling (FSD).

“I am sure that this year we will slow down the FSD in California,” he said. “We just put your finger to the water, then a few fingers at the feet, then the foot, then the leg. We are looking for a level of safety, which is much above the average human driver. “

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Autonomous vehicles gain momentum, and Uber is preparing to launch autonomous services related to driving in cooperation with Waymo in Austin and Atlanta this 12 months. Tesla is applying for the same form of permit utilized by Waymo, the activities of Robotaksi Alphabet Inc ..

While Tesla has permission to test autonomous vehicles with a security driver in California, she has not made or received permission to test or implement with out a driver from the Motor Vehicles Department. However, in communication with California officials, Tesla mentioned details about driving licenses and coordination of drug tests, indicating that the company plans to initially use human drivers.


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This article was originally published on : www.blackenterprise.com
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