Uber Partner Picks Up $1.5 Billion From SoftBank

That’s the headline on a story out Wednesday that I wrote with my colleague Saurabh Chaturvedi. It begins: SINGAPORE—Southeast Asian ride-hailing company Grab Holdings Inc. has raised $1.46 billion in fresh funding from Japan’s SoftBank Group Corp., which it will use to fuel its expansion beyond transportation services. That brings the total from Grab’s latest […]

Book Notes: ‘The Upstarts,’ by Brad Stone

From time to time I share notes about the books I’ve been reading, or have revisited recently after many years. These posts are meant to help me remember what I’ve learned, and to point out titles I think are worth consulting. They’re neither formal book reviews nor comprehensive book summaries, but I hope you find […]

Uber Wants You to Catch the Bus or Train—if They Can Drive You There

That’s the headline on a story out Wed. that I wrote with my colleague Mike Cherney. It begins: Uber Technologies Inc., fresh from disrupting the taxi industry and leaping into food delivery, is devising a new business strategy ahead of its anticipated public offering: ferrying passengers to and from mass-transit systems. Last year, the ride-sharing […]

Uber CEO Says Market Turmoil Won’t Derail IPO Plans

That’s the headline on my latest story, out Tuesday and in Wednesdsay’s print WSJ. It begins: Uber Technologies Inc. Chief Executive Dara Khosrowshahi said market turbulence in the U.S. would be unlikely to affect the ride-hailing titan’s plans for a public listing. “Any company that’s going public would like to do it in a positive, […]

Uber Agrees in Principle to Exit Southeast Asia for Stake in Rival

That’s the headline of my newest story, which I wrote with my colleagues Greg Bensinger and Julie Steinberg. It ran late Thursday, and begins: Uber Technologies Inc. has reached an agreement in principle to sell most of its Southeast Asia operations to local rival Grab Inc., ending a costly fight for market share in the […]

Uber Battles Ride-Sharing Startups in SoftBank ‘Family’

That’s the headline of my newest story, which I wrote with my colleage Mayumi Negishi, out today. It begins: SoftBank Group Corp., the world’s biggest technology investor, has poured some $20 billion into ride-sharing companies around the globe, including Uber Technologies Inc. Now, those companies are spending at least some of SoftBank’s money to battle […]

By Me Today: Uber Hits Roadblocks in Southeast Asia

The story begins: SINGAPORE—When Uber Technologies Inc. retreated from China last year after conceding a costly battle with a local rival, the ride-hailing giant vowed to devote new resources to winning other lucrative markets in Asia. Since then, Uber has suffered setbacks in Southeast Asia, a region of 600 million people, where it has been […]

By Me Today: India’s Ola in Talks to Raise Up to $2 Billion

The story begins: NEW DELHI—Uber Technologies Inc.’s rival in India, Ola, is in talks to raise as much as $2 billion, a cash injection that would provide added fuel to fight the San Francisco ride-hailing giant in the world’s second-most-populous country. ANI Technologies Pvt.’s Ola, based in Bangalore, is in discussions to receive the funds […]

Scoop Mon. With Colleagues: Indonesia’s Go-Jek in Talks to Raise $1 Billion

The exclusive, with my WSJ colleagues P.R. Venkat and Kane Wu, begins: Go-Jek, the Indonesian motorcycle-hailing startup backed by KKR & Co., Warburg Pincus LLC and others, is in talks with investors to raise $1 billion, people familiar with the process said. The new money would give the Jakarta company added power to battle rivals […]